CFO / Financial
Allianz Losing Top Two Investing Execs to Retirement
Allianz SE, Europe's biggest insurer, said its two most senior executives responsible for the company's asset management and investments businesses will leave. Jay Ralph will step down at the end of ...
SCOTUS Rejects AIG Bid to Recoup Foreign Tax Credits
The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to ...
Europe’s Insurers, Pension Funds Bet on Risky Property in Quest for Yield
Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as ...
Graphic Insight from PwC CEO Study: How Insurers Will Attract Talent
While job cuts at a handful of insurance companies shrank the U.S. insurance carrier workforce by about 600 jobs last year, for the most part, property/casualty insurers are looking to increase or ...
Insurer Staff Declines Greater Than Anticipated in 2015
Two-thirds of insurers surveyed say they're planning to hire more in 2016, but whether they will actually go through with those plans remains a question. In fact, 14 percent of insurers decreased ...
Liberty Mutual Ended 2015 Bruised by Catastrophe Losses
Liberty Mutual Insurance ended 2015 in the black, but higher losses from catastrophes and other hits hurt its performance during the year. Parent Liberty Mutual Holding Co. booked $411 million in net ...
For State Farm, 2015 Underwriting Losses Balanced Out by Investment Gains
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to ...
P/C Claims Customer Satisfaction Dips for First Time in 5 Years: J.D. Power
Customer satisfaction with property insurance claims dipped for the first time in five years. The reason why: Carriers appear to be cutting service to reduce expenses in a toughening market cycle, ...