CFO / Financial
Swiss Re Bulks Up Reserves as Profit Declines
Swiss Re AG, the world's biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing in the industry remained under pressure. Net income dropped to $1.23 ...
From the Web: More Companies Accentuate the Positive Instead of GAAP Results
Companies are increasingly accentuating the positive elements in their financial results, and trying to downplay the less flattering numbers. As the New York Times reports, regulators still require ...
Ironshore Joins Rivals in Food Recall Product Contamination Insurance Space
An Ironshore division has started offering product contamination recall coverage focused on food and beverage industry-related risks. It won't be without competition. The company's Pembroke Managing ...
AXIS Net Income Plunges, but Reinsurance Results Improve
Net income plunged due to the declining value of its alternative investments, but AXIS Capital Holdings touted solid gains in its reinsurance and insurance segments alike during the 2016 first ...
Munich Re’s Q1 Profit Warning Drives Down Shares
Munich Re, the world's second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be ...
Trov, an On-Demand Insurance Platform for ‘Insurable Moments’ and Items, Raises $39M
Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the coverage on and off whenever they want with swipe of a finger on their ...
Travelers Shares Plunge as Q1 Profit Drops 17 Percent
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said first-quarter profit slipped 17 percent as catastrophe costs climbed and investment income dropped on ...
Travelers, Allstate Blame March Texas Storms for Catastrophe Loss Surge
Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Travelers said on ...