CFO / Financial
Commercial Insurance Reserve Charge, Hurricanes Drive $1.7B Loss for AIG’s Third Quarter
Highlighting the development as a "noteworthy item" in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before ...
Swiss Re Reports Nearly Half-Billion-Dollar YTD Loss; Forecasts Price Hikes
A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this ...
Global Regs for Systemically Important AI Firms May Be Needed: FSB
Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on ...
Carrier Management’s Leadership, Director Education Course Directory Available
Whether they're interested in sharpening their own leadership skills or building the next generation of leaders, property/casualty insurance company executives and directors have limited time to seek ...
Q3 Catastrophe Fallout: XL Group’s Fitch Ratings Outlook Turns Negative
XL Group got smacked with a negative ratings outlook from Fitch Ratings, thanks to pre-tax natural catastrophe losses in Q3 that hit $1.48 billion. Fitch said it revised the ratings outlook to ...
Insurers Increasingly Anxious About Managing Risks: Wolters Kluwer Survey
Insurers appear to be increasingly anxious about their ability to manage risk across their lines of business, and much more concerned about regulation, according to Wolters Kluwer's new Regulatory ...
2018 Reinsurance Pricing: Rate Hikes Likely After 2017 Storms and Catastrophes
When the dust settles—and water recedes—following 2017's hurricanes, wildfires, and other catastrophes, domestic primary insurers will learn if, and how much, their own underwriting discipline ...
International Capital Standards Remain a Work in Progress: Ex-Fed Reserve Governor
The International Association of Insurance Supervisors (IAIS) is no closer to enacting international capital standards for insurers than it was when it took up the task five years ago, attendees at ...