CFO / Financial
S&P Sees Proposed Insurer Rules as Strong on Risk Management
Standard & Poor's said the Federal Reserve Board's proposed rules for insurers under its oversight are strong as far as risk management, but uncertainty remains as to other crucial details. "We ...
House Republican Proposes Gutting ‘89.7 Percent’ of Dodd-Frank
The chair of the U.S. House Financial Services Committee has proposed getting rid of much of the regulation put in place after the financial crisis, unveiling a plan on Tuesday that ignited fierce ...
Reinsurance Demand Spike Likely with Solvency II: Fitch Ratings
Solvency II will increase insurers' demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance ...
Executive Suicides Shock Business Community in Switzerland
An unusual number of suicides by top executives in Switzerland has prompted introspection in its business community over how senior managers are dealing with stress as its companies struggle to ...
A British EU Exit Could Kill 34,000 London Jobs, IUA Warns
A British exit from the European Union would cause grave damage to the London market and the loss of thousands of jobs, according to a position paper from the International Underwriting Association ...
CFOs Need to Look at Their Companies ‘Holistically’: Hamilton Group’s CFO Reiss
A successful chief financial officer needs to be collegial, cooperative, highly visible and a strategic thinker who has the ability to view corporate risks holistically, according to Jonathan Reiss, ...
AIG to Appeal California Ruling Allowing PIMCO Suit to Proceed
American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer's exposure to ...
Reinsurance Rates Still Falling—But Less at June 1: JLT Re
Property-catastrophe reinsurance rate declines are continuing to taper off from the double-digit average drops that were recorded two years ago, JLT Re reported in a report yesterday. JLT Re's ...