CFO / Financial
S&P Conference Report: Distribution Costs Too High, Carrier Execs Say
The high cost of distribution was top of mind for chief executive officers speaking at the Standard & Poor's 2016 Insurance Conference on Wednesday. "If somebody asks you to donate a dollar to a ...
Reinsurers Stock Prices Hit as Soft Market Persists: A.M. Best
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its ...
Allianz Believes Blockchain Tech Will Spur Catastrophe Bond Trading
German insurer Allianz expects the technology underpinning virtual currency bitcoin to encourage trading in catastrophe bonds, which transfer the risk of natural disasters such as hurricanes to ...
Allianz, AXA See Demand Surge For German Bank Cash Insurance
Europe's top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives ...
Soft Market Remains Top Reinsurance Industry Worry: Xuber Survey
Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining ...
The Latest Launches From Chubb, Beazley and Allianz
Chubb debuted new coverage targeting the U.K./Ireland middle market. Beazley unveiled an endorsement meant to help address weather-related low revenue at an event. Allianz has a new service for ...
Zurich Mulls Expanding Coverage to Help Protect Banks From Catastrophic Losses
Zurich Insurance Group AG, Switzerland's largest insurer, may increase its offering of insurance that helps protect banks from catastrophic losses like rogue trading by sharing risk with investors. ...
Smart Choices, Luck Help U.S. P/C Insurers Stay Stable: S&P
Good news alert: the U.S. property/casualty insurance sector "has been dealt a good hand" and remains stable due to smart choices and a little bit of luck, Standard & Poor's said in a new report. ...