CFO / Financial
No Plan for Job Cuts in Zurich’s $1.5B Cost-Cutting Moves
Zurich Insurance Group AG raised its target for cost cuts and dropped plans to eliminate jobs as Chief Executive Officer Mario Greco overhauls Switzerland's largest insurer. The shares rose. The new ...
With Brexit, UK Govt. Should ‘Refine Not Replace’ Solvency II: ABI
Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU's insurance regulation to make it more appropriate for the UK market and customers, ...
Hensarling Willing to Consider ‘Version 2.0’ of Dodd-Frank Overhaul
House Financial Services Committee Chairman Jeb Hensarling said he's willing to tweak his plan to overhaul the Dodd-Frank Act before reintroducing it to Congress early next year. The committee is ...
Zurich Insurance’s Reunderwriting Starts to Bear Fruit
Zurich Insurance Group's reunderwriting program is starting to bear fruit—as evidenced by the company's improved third-quarter results—but CFO George Quinn readily admits there is still work to ...
UK Insurers, Banks Make Contingency Plans for ‘Hard Brexit’: BofE’s Carney
Banks based in Britain may start to relocate activities to other countries about one-and-a-half years before a British departure from the European Union if a "hard Brexit" looks likely, Bank of ...
Argo Group Buying Ariel Re for $235M
Argo Group International Holdings, Ltd., announcing its first major acquisition in eight years, said it will buy Ariel Re for roughly $235 million cash in a deal that could make it a top 10 market at ...
Hannover Re Soars Toward a Possible $1B Profit for 2016
German reinsurer Hannover Re could make a net profit of 1 billion euros ($1.1 billion) this year while the dividend payout is likely to be in line with last year, the firm's chief financial officer ...
Will GoFundMe Disrupt the Insurance Industry?
Insurers eyeing disruption from the newest cohort of peer-to-peer insurers, including names like Lemonade and Friendsurance, may have be overlooking the biggest potential disrupters of them ...