CFO / Financial
Multiples Parties Were Interested in XL Besides AXA, Filing Reveals
According to details revealed in a public filing Monday, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA ...
U.S. Public Cos. Dying Quicker; Younger Firms Like ‘Supernovas’ That Shine and Burn Out
At a time when more Americans are living longer, the companies where many people spend their working lives have increasingly shorter lifespans, according to research from Indiana University's Kelley ...
Funny Bosses May Send Unintended Message That Financial Fraud Is OK: Research
You might expect that a boss who cracks jokes is healthy for the workplace, while a boss who blows his or her stack isn't. As it turns out, the opposite might be true—depending on the ...
Growth of Crypto-Assets Could Cripple Financial System Stability: BOE’s Carney
The rapid evolution of crypto-assets such as Bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter to Group of 20 ...
A Phone Call From AIG’s Duperreault; A Deal 72 Days Later
It started with a phone call—from American International Group's Brian Duperreault to Validus Holdings' leader Ed Noonan. Roughly two-and-a-half months later, including time for just over one month ...
Where Is the InsurTech Capital of the World?
There was a time not so long ago when Hartford, Conn., was widely known as the "Insurance Capital of the World." These days, Hartford has work to do to reclaim that title. But with insurance ...
Aspen CEO O’Kane: Insurance Division ‘The Source of Considerable Poor Performance’
Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio ...
Travelers Produces a Q4 Profit Despite Catastrophe and Tax Cut Hits
Travelers took a big Q4 hit from a tax-cut-related charge and catastrophe-related expenses but still pulled in a profit. The insurer booked $551 million in net income, or $1.98 per share, during the ...