CFO / Financial
Brexit Fallout: QBE to Review UK-Based Operations; Marsh Maps Exit Options
QBE Insurance Group announced this week that it will be reviewing its U.K.-based operations in light of last week's vote in the U.K. to leave the European Union. "The referendum outcome may require a ...
PCI Urges Consideration of Firefighting Funding Reform Bill
The Property Casualty Insurers Association of America is throwing its support behind a bill first proposed in 2015 that would make supplemental federal funding to fight wildfires a more flexible and ...
Insurers’ Earnings Take Hit From French & German Floods: A.M. Best
The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession ...
XL Group Shareholders Approve Ireland-to-Bermuda HQ Switch
XL Group plc's shareholders approved plans to change its place of incorporation from Ireland to Bermuda, a process it hopes to complete in the 2016 third quarter. That doesn't mean that XL Group is ...
W.R. Berkley Chairman Urges Greater Carrier/Agent Cooperation on Lowering Costs
Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William R. ...
Lloyd’s Faces Post-Brexit Risks: Fitch Ratings
A British departure from the European Union generally won't harm the country's "resilient" property/casualty insurance sector, though there are some risks in play for Lloyd's members, Fitch Ratings ...
U.K. Chooses EU Exit; Cameron Resigns; Financial Services Face Uncertain Future
The U.K. voted to quit the European Union after more than four decades in a stunning rejection of the continent's postwar political and economic order, prompting Prime Minister David Cameron to ...
Margin of Loss Reserve Adequacy Down to 2%; Well May Run Dry: Conning
Loss reserves for the U.S. property/casualty industry are still adequate, but the fat was trimmed down to roughly 2 percent of overall carried reserves for year-end 2015, an analyst reported last ...