CFO / Financial
Post-Merger Chubb Covets More of the High Net Worth Market Pie
Its acquisition of Fireman's Fund's business in April, 2015 provided ACE Ltd. with an idea of what's involved in integrating two leading high net worth insurance businesses. Frances D. O'Brien is now ...
Fitch Recommends Slower P/C Insurance Embrace of Cyber Risks
Cyber risk may be the fastest growing segment in property/casualty insurance, but carriers should be measured about boosting their presence in the space, Fitch Ratings warned in a new report. Why go ...
PartnerRe’s $6.9B Sale to EXOR Closes; Fitch Responds with Ratings Downgrade
PartnerRe's new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the ...
Efforts to Shake G-SII Tags May be Futile: S&P
Global insurers that have been tagged as systemically important by the Financial Stability Board may not help their cause by breaking up lines of business in efforts to de-designate themselves, ...
Two Instech Startups Target Small Business Insurance Market
Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, announced a $13 million seed investment led by ...
Ping An More Cautious than Anbang, CFO Says
Ping An Insurance (Group) Co. Chief Financial Officer Jason Yao said that China's second-biggest insurer has a "very different" investment strategy from smaller rival Anbang Insurance Group Co., ...
Munich Re Plans New $1.1B Share Buyback; Profit Expected to Plunge
Munich Re, the world's second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to ...
North American Specialty Insurer Operating Earnings Soared in 2015: Fitch
North American specialty insurers saw their aggregate operating earnings jump to $3.4 billion in 2015, up almost 11 percent versus the previous year. The data, from a new Fitch Ratings special ...