CFO / Financial
Insurance Linked Securities in 2019: Asking the Right Questions
The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is ...
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance
The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in what the IRS calls "abusive micro-captive insurance" ...
Root and Lemonade: Real Unicorns or Ponies in Halloween Costumes?
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2019. In ancient times, it is believed that civilizations including the Romans, Indians and Egyptians had some form of "group protection" ...
How to Boost Performance: McKinsey IDs Strategies of Top-Tier Profit Makers
Most insurance companies aren't bold enough in their strategies to boost profits, according to a recent report from McKinsey & Company, which also says that industry CEOs must lead the way to ...
Allstate Cites Strategy Momentum as Driving Stellar Q2 Results
The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection ...
Departing Aviva CFO Is Second Exec to Leave in Two Months
Aviva's chief financial officer Tom Stoddard will step down at the end of the month, the British insurer said on Wednesday, the second senior executive to leave following the appointment of Maurice ...
Fairfax CFO Bonham Has Died; Varnell Appointed as His Interim Successor
Fairfax Financial Holdings Ltd. announced that, David Bonham, vice president and chief financial officer of Fairfax, died suddenly this past weekend. "The entire Fairfax family mourns the sudden and ...
April Renewals Achieve Rate Hike Range From Flat to 25 Percent: Willis Re
While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a "rational" rating approach, asking for price increases of up to 25 percent, ...