CFO / Financial
Fitch: More M&A in 2016 Won’t Take the Market Blues Away
While more M&A deals are likely among Bermuda insurers and reinsurers in 2016, they won't do much to reduce pressures created by a limp and heavily competitive market, Fitch Ratings said in a new ...
Diversification Doesn’t Always Help Ratings: S&P
Weighing in on one of the key points of conflict that pitted American International Group's Peter Hancock against investor Carl Icahn in recent months, Standard & Poor's said that not all types ...
American Modern to Pull Out of Lender-Placed Insurance
American Modern Insurance Group plans to get out of the lender-placed insurance business, with a wind-down of the division set to take place over the next two years. The Ohio-based residential ...
S&P Frees GEICO, National Indemnity, Gen Re from CreditWatch Negative Status
Berkshire Hathaway's insurance subsidiaries are no longer on CreditWatch Negative with Standard & Poor's. The ratings entity removed National Indemnity Co., GEICO and General Reinsurance Corp. ...
A.M. Best 2016 Prediction: Lower U.S. P/C Underwriting Profit With Market Cracks
U.S. property/casualty insurers, fresh off a third consecutive year of underwriting profit in 2015, will likely achieve this again in 2016. At the same time, the market will develop some cracks along ...
Allianz Boosts Profit but Catastrophe Loss Claims Soar
Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe's biggest insurer increased to 1.42 billion euros ($1.6 billion) in the ...
As Price Plunges Continue, Reinsurer Loss Buffers Are Drying Up: Allianz Re
Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE's reinsurance unit. "I don't think there are too ...
U.S. P/C Industry Maintains Stable Outlook for 2016 Despite Tough Market: S&P
Despite ongoing soft market conditions, declining statutory surplus and "unsustainable levels" of reserve releases, the U.S. property/casualty industry will maintain a stable outlook for 2016, ...