CFO / Financial
Travelers Hurt by Fire Catastrophe Fallout, Investment Income Plunge
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said quarterly profit slipped 18 percent to its lowest since 2012 as costs tied to natural disasters rose while ...
The Hanover’s Lloyd’s/Chaucer Arm Expects 2016 Q2 Underwriting Loss
The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in ...
Global Insurance M&A Deal Counts Down But Drivers Remain: Clyde & Co.
Although the number of mergers and acquisitions completed in the global insurance industry has dropped in the last six months, Brexit is adding to existing drivers as carriers search for growth, a ...
Actuaries, Underwriters Still at Odds as Predictive Analytics Usage Grows
While recent survey results show less conflict between actuaries and underwriters over insurance pricing this year than last, and underwriters warming up to the use of predictive analytics, issues ...
AIG Commercial CEO Schimek: Transformation Will Be ‘Second to None’
With the business transformation of American International Group playing out on "the biggest stage in the insurance business," the leader of the carrier's global commercial lines operation has heard ...
Applying Life Lessons: The Road to Leadership
A competitive spirit is something that comes naturally to Rob Schimek, CEO of AIG Commercial. Coaxed to talk about his personal leadership style and the life experiences that have helped him ...
P/C Q1 Hurt by Catastrophe Losses, Lower Investment Gains: A.M. Best
It is clear now: the jump in catastrophe losses during the 2016 first quarter along with lower investment gains hurt U.S. property casualty insurers' bottom lines. While the P/C industry posted a ...
Brexit Fallout: Allianz Economist Urges U.K. to Develop Credible ‘Plan B’
Britain's politicians must urgently get their act together after the Brexit vote and, if they fail to come up with a credible "Plan B" with a free trade agreement, sterling could fall towards parity ...