CFO / Financial
Despite AIG’s Poor Q4, Standard & Poor’s and Fitch Remain Patient
Despite American International Group's poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor's both have affirmed the insurer's ratings, with a few qualifiers slipped ...
Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas
Andrew Fastow, former chief financial officer of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers ...
Greenberg, New York AG Dispute Admission of Wrongdoing in Fraud Settlement
Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice "Hank" Greenberg over two reinsurance ...
AIG Fraud Case Aftermath: Greenberg Blasts New York AG for Destroying ‘National Asset’
Maurice "Hank" Greenberg, the former American International Group Inc. chief executive officer, lambasted the New York State attorney general's office after admitting that he approved two reinsurance ...
Higher Claims, Falling Prices Hurt Munich Re’s Q4 Profit
Munich Re, the world's biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to ...
CNA CEO Robusto ‘Back in the Game,’ Though 2017 Has Room for Improvement
CNA reported fourth-quarter and full-year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting ...
Allstate’s 2016 Ended With Solid Profit, Despite $835M More Catastrophe Losses
Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended ...
Swiss Re, Software Firm SAP SE to Develop Financial Steering/Reporting Product
Swiss Re has formed a strategic partnership with software company SAP SE to develop a product addressing the increasingly complex demands of global regulators regarding financial steering and ...