CFO / Financial
Allstate’s Q1 Net Income Plunged, with Hailstorms to Blame
The 2016 first quarter (and two severe hailstorms) left its mark on the Allstate Corp., with net income during the period plunging more than 65 percent. Echoing trends from other property/casualty ...
Chubb CEO Greenberg Rolls Out Welcome Mat for High Net Worth Competitors
Estimating that the high-net-worth (HNW) personal lines market has more than $30 billion worth of business up for grabs, and the small commercial lines market, another $80 billion, Chubb Limited CEO ...
Human Robots: Will They Kill the Financial Services Industry?
We have been publishing a lot of articles about machines learning to think more like humans. But does that mean that we have to make humans behave like robots? The question doesn't seem like a ...
Two Sigma Co-Founder Siegel: Machines Taking Over Human Jobs Worrisome
David Siegel, co-founder of $35 billion quantitative hedge fund Two Sigma, says he's "very worried" that machines could soon cost large swaths of the global workforce their jobs. "Most people in the ...
U.S. Mortage Insurance Brightens an Uneven 2016 Global Market: S&P
Mortgage insurers in the U.S. are set for a robust 2016, a bright spot in an otherwise uneven global market, where success will depend on the region of the world in which carriers are doing business, ...
AIG CEO Hancock: Revamp Plan Will Work Without More Drastic Action
More than two months after activist billionaire investors Carl Icahn and John Paulson gained seats on American International Group's expanded board, observers have wondered: Will their presence ...
AIG, Burned by Hedge Fund Losses, Will Redeem $4.1B of Those Holdings
American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. "As of ...
Where Have All the Chief Strategy Officers Gone?
At a time when the property/casualty insurance business is going through major changes, one would think that the ranks of chief strategy officers would be growing. That's not the case, says Tom ...