CFO / Financial
Reporter’s Notebook: 10 Takeaways From InsureTechConnect
You've probably heard there is tremendous investor interest right now in technology-first insurance startups, or InsurTech firms. The first InsureTech Connect Conference in Las Vegas in early October ...
RLI Q3 Net Income Dips, CEO Remains Bullish Over Long-Term Trends
Specialty insurer RLI Corp. saw its 2016 third quarter net earnings drop versus a year ago due to higher loss expenses, though its combined ratio remains at a respectable level. Net earnings for RLI ...
Floods, Phones Hurt Assurant Profit; Stock Price Plunges
Assurant Inc., the insurer that sells coverage protecting mobile phones and homes, posted the second-biggest decline in the S&P 500 Index after third-quarter profit slumped. The insurer dropped ...
Third Point Re CEO Equates M&A Practice With Failed Marriages
Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. "Just like ...
Friends with the Boss? Less Than One-Quarter Say Yes: Survey
Many employees like their bosses but only 23 percent actually consider their bosses to be their friends, according to new research from staffing firm Accountemps. The survey of 1,000 U.S. workers ...
AllianceBernstein Takes $7B Hit as AIG Cuts Asset Manager Ties
AllianceBernstein Holding LP became another victim of the hedge fund rout when American International Group Inc. decided to wind down a six-year relationship with the asset manager. AIG was the "most ...
U.S. Treasury Softens Stance on Tax Inversions
The U.S. Treasury Department softened new rules aimed at preventing multinational companies from shifting their profits offshore to lower-tax countries—a response to sustained criticism from big ...
Lloyd’s, UK Bankers Warn of 2017 Brexit/British Exodus Risks
Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the ...