CFO / Financial
Global Insured Catastrophe Losses Jump to $31B in H1: Swiss Re
Global insured property losses from disasters were $31 billion in the first half of 2020, up from $23 billion during the same period last year, according to Swiss Re Institute's preliminary sigma ...
Coronavirus Costs Deal Relatively Modest Blow to Major U.S. Insurers
The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter - a cost that was far less than feared and which the industry ...
Multiple CNA Commercial Lines Took a Q2 COVID-19 Hit
CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due to "considerable catastrophe losses" from COVID-19, civil unrest and weather-related ...
Swiss Re $973M COVID Business Interruption Estimate Won’t Remain Outlier, CEO Says
While Swiss Re's $2.5 billion estimate of COVID-related insurance and reinsurance losses stands above most others around the industry, the situation is destined to change, according to the group CEO. ...
Pay New CEOs More To Gets Results: Research
While many previous studies focused on how CEO pay relates to past performance, new research from the University of Notre Dame takes a different approach: The paper examines how compensation for ...
Reinsurance Capital Dips; Capacity Available: Aon
Global reinsurance capital fell 6 percent to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report this week The report, which also looks at ...
Argo Group Searches for New CFO, Updates Leadership Responsibilities
Argo Group International Holdings has started searching for a new chief financial officer and is updating responsibilities for its senior leadership team in a broader, related move. The Bermuda-based ...
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more ...