CFO / Financial
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 ...
‘Systemically Important’ Label Can Be Avoided With New Transparency: Fitch Ratings
Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers could help more to proactively stay off the list in the first place. ...
With Insurance Industry Transformation, the Struggle Is Real: KPMG
The talk is out there: Insurance industry leaders have often spoken of transforming operations to embrace disruptive advances including big data, other new technology and related customer service ...