CFO / Financial
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 ...
Validus to Pay $127.5M for Archer Daniels Midland’s Crop Risk Biz
Validus Holdings Ltd. will buy up Archer Daniels Midland Company's Crop Risk Services business for $127.5 million in cash. Plans call for using cash on hand to fund the deal. Validus said it expects ...
U.S. P/C Insurers Heading for 2016 Underwriting Loss: A.M. Best
The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best's report ...
2017 Won’t be “Too Pretty” for U.S. P/C Insurance Earnings, S&P Warns
This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a "softer for ...
While Hurricane Matthew Hurt, RLI Ended 2016 With Healthy Combined Ratio
Losses from Hurricane Matthew helped contribute to RLI Corp.'s 2016 fourth quarter drops in property/casualty underwriting income. But the specialty insurer's combined ratio remained at healthy ...
2017 Forecast: Financial Experts Offer Cautious Optimism for P/C Insurers
Financial experts are expressing cautious optimism for the P/C industry as it heads into 2017, though they say that multiple factors will continue to pose a challenge. Perhaps one of the biggest ...