CFO / Financial
Most Insurance M&A Deals Haven’t Improved Financial Strength: S&P
The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of "patchy" results for some companies making deals, ...
Lloyd’s Is Vulnerable to Harm if UK Leaves EU: Survey
Approximately 70 percent of London market insurers, brokers, and service providers contacted in a new survey believe Lloyd's of London faces harm or severe damage if the U.K. leaves the European ...
Zurich Closes $700M Acquisition of Crop Insurer from Wells Fargo
Zurich Insurance Group closed its acquisition of America's leading agriculture insurer, a deal that gives it a much larger stake in the sector at a time when it is trying to diversify operations. ...
April Renewals Reflected Slowing Price Cuts, Rising Reinsurance Demand: Willis Re
While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For ...
Cyber Risk and Low Interest Rates are Top Insurer Worries: A.M. Best
Cyber risk has emerged as a top insurance industry concern, though the low interest rate environment remains as a significant worry, A.M. Best found in a new report. Thirty-one percent of respondents ...
How to Use Big Data to Prevent Claims Instead of Paying Them
With policyholders carrying barometers disguised as smartphones in their pockets every day and telematics devices capturing car locations, insurers and their customers stand to gain big benefits from ...
Ex-AIG CFO Herzog Joins Ambac’s Board as Proxy Fight Looms
Ambac Financial Group Inc. appointed former American International Group Inc. Chief Financial Officer David Herzog to its board as the bond insurer works to fend off activist investor Canyon Capital ...
Graphic Insight: Stronger Results for Regionals in 2015
Although operating earnings for a group of 31 property/casualty commercial insurers analyzed by Fitch Ratings decreased more than 7 percent in 2015, some of the smallest—a group of five regional ...