CFO / Financial
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
SAA Launches Online Database of Investment Manager Performance for Insurers
Late last week, Strategic Asset Alliance, an investment consulting firm that exclusively works with the insurance industry, announced the launch of an online database of the performance, people, ...
Reinsurance Capital Hits High of $585B for First Time: Aon Benfield
Reinsurance capital reached record levels in the first half of 2016, hitting a new high of $585 billion. Aon Benfield's latest Reinsurance Market Outlook report puts that number in perspective, ...
Reinsurers’ Profits Risk Falling Below Cost of Capital: S&P
Reinsurers' profits will soon drop below their cost of capital and could remain there until the underwriting or investment cycle turns, according to Standard & Poor's in a new report. S&P ...
AXA Restructuring: Execs May Slash 600 Insurance Jobs in Belgium
Axa SA is considering cutting 650 jobs in Belgium over the next two years, as Europe's second-largest insurer overhauls its range of products sold in the country. Axa Belgium has presented the plan ...
H1 Catastrophe Losses Are High, and Texas Endured Many of Them
Weather catastrophe activity slammed into 39 states during the 2016 first half. But in a six-month period where insured losses rose well above typical levels, Texas was by far the worst hit, ...
Brexit Aftermath: Insurers, Other London Financial Groups Warm to Dublin
Ireland says the Brexit vote has led to a jump in enquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain's ...
Ambac Shareholder Pushes for Review of ‘Strategic Alternatives’
Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea said the review should include the ...