Congratulations! You’re Innovating In A Highly Regulated Industry
What's in a name? A recent startup proclaims:"[Company name] Insurance is a [line of business] insurance company that provides [line of business] coverage to small ...
CFO / Financial
Second-Quarter 2018 Financial Details for Lemonade, Root and Metromile
Does Lemonade have shlimazels for customers? Is slower second-quarter growth at Root an indicator that the carrier is deliberately focusing on profitability? Do Ajit Jain and Rob Berkley know ...
The Hartford CEO Swift Said He Long Admired Navigators Before Pursuing M&A Tie-Up
It turns out that The Hartford's planned $2.1 acquisition of The Navigators Group is a great example of corporate patience. As The Hartford CEO Christopher Swift explains it, his company's interest ...
Indiana University Research Reveals Problems of Fewer Financial Reports
President Donald Trump on Friday indicated that he has asked the Securities and Exchange Commission to review changing its reporting requirements, away from quarterly reports to semi-annual reports. ...
Liberty Mutual’s Safeco Will Assume QBE North America’s Personal Insurance Business
QBE North America will transfer its North America personal insurance policies sold through independent agents to Safeco Insurance, leaving the specialist insurer to focus on its core commercial ...
Veteran Travelers CFO Benet Will Depart Role, but Remain as Vice Chairman
Travelers Companies, Inc. said its long-time chief financial officer is stepping down. Jay Benet plans to leave his role as CFO as of Sept. 1, a position he has held since 2002. At the same time, ...
State Auto Ekes Out Small Profit; Combined Ratio Reaches 107
State Auto Financial Corp. eked out a small profit in the second quarter, with rate hikes helping its bottom line. At the same time, the Ohio-based insurer struggled with a combined ratio well above ...
Allianz Beats Profit Estimates, Thanks to PIMCO Momentum
Even after outflows hit Pimco in the last quarter, Allianz SE's giant bond fund unit is on a roll. In an industry plagued by ever-shrinking margins, Pacific Investment Management Co. and its smaller ...
AXA Redeems Itself With Strong First-Half Earnings
Axa SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. Axa, posting its first results since a ...