CFO / Financial
RLI’s Combined Ratio Stayed Healthy in Q4; Net Earnings Declined
RLI Corp. ended 2015 with a fourth quarter that was flat in terms of net premiums earned and investment income. Net earnings, on the other hand, dove nearly 10 percent. The Illinois-based specialty ...
Activists Live In ‘Fool’s Paradise’; Don’t Understand Insurance Basics, CEO Says
Even before Carl Icahn amped up the volume on his message to American International Group to make a "drastic strategic shift" last week, questions started to surface about whether other insurers are ...
AIG Mortgage Insurance Spinoff In the Works: Sources
American International Group Inc. has decided to pursue a spinoff of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends ...
AIG Faced Investor Pressure Long Before Icahn
American International Group Inc. knows what it's like to be circled by hawks. Under pressure in 2009 to repay the insurer's bailout, company executives were in a race to sell assets. Then Robert ...
ILS Market Reaches New Record, Again: Willis Capital Markets & Advisory
Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS ...
Allianz: Business Interruption Remains Huge Risk; Cyber Gaining Fast
Business interruption is the top concern of risk managers heading into 2016 for the fourth year in a row, but cyber is a fast-growing corporate worry, according to a new report from Allianz Global ...
Aspen Buys AgriLogic, Bringing More Changes to U.S. Crop Insurance
Aspen Insurance Holdings snatched up AgriLogic Insurance Services, a Kansas-based crop insurer and agriculture consultant, bring more changes to a sector that has already seen a spike in buying and ...
VW Pressured to Compensate Europe Customers in Emissions Scandal
Germany's justice minister and Europe's industry boss raised the pressure on Volkswagen to compensate European consumers as well as U.S. drivers for its diesel emissions scandal, potentially adding ...