CFO / Financial
Soft Global Reinsurance Pricing in Play Through Year’s End: Fitch
The soft pricing in the global reinsurance market will continue at least for the rest of the year, Fitch Ratings says. Fitch expects premium rates to continue declining as a result of large amounts ...
MetLife ‘Too Big to Fail’ Case on Hold: U.S. Appeals Court
A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country's largest life insurer, MetLife Inc., has challenged the federal government's labeling of it as ...
AXIS Capital CFO Henry Retiring; COO Vogt Named Successor
Bermuda-based AXIS Capital Holdings Limited announced last week that Chief Financial Officer Joseph Henry will retire at the end of the year, to be succeeded by Peter Vogt. Vogt, who is currently ...
Generali Sees Profit Potential in Expanded Asset Management Operations
Generali is looking to buy portfolio management teams to expand its asset management operations and beef up its fee-based business, the Italian group said after reporting a 9 percent fall in ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...
AIG’s Problems Worsened U.S. Commercial Lines Insurance Sector’s 2016 Decline: Fitch
While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss ...
More Than a Quarter of Big UK Financial Firms Planning Brexit-Related Staff Moves
More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. ...
Double Whammy of Bad Weather, Lower Premiums Hammer U.S. Insurance Profits
The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some ...