CFO / Financial
Zurich’s Troubles Mount With Predictions of More General Insurance Losses
Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland's biggest insurer put shareholders on notice that it expects a second straight quarterly loss in its general ...
Hiscox Adds Nuclear and Biothreat Coverage to Terrorism Portfolio
Hiscox said it has beefed up its terrorism coverage, with an eye on addressing nuclear, chemical or biological threats. The specialist insurer also noted it provides the coverage, including policies ...
Underwriters Spooked by New China Rules for Botched IPOs
Newly approved Chinese rules for IPOs are rattling investment banks as investors can seek compensation immediately if they suffer losses due to false or misleading information in the listing ...
RMS CEO Shah Pledges 2016 Cloud-Based Cat Modeling Roll-out
RMS, after months of additional fine-tuning and ironing out kinks, is ready to roll out cloud-based catastrophe risk management system RMS(one) through 2016, co-founder and CEO Hemant Shah said on ...
Credit Swap Panel’s New Rules Address Conflicts of Interest
A derivatives industry group adopted new rules to mitigate conflicts of interest on a panel of banks and asset managers that determines when traders are paid on debt insurance. The International ...
A.M. Best Maintains Negative Outlook For U.S. P/C Commercial Lines
Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the ...
A Mature Cat Bond Market? 2015 Issuance Dropped 25% Over 2014
The catastrophe bond market may be showing some steady signs of maturity. Bond issuance, measured by new limit, came in at $6 billion in the 2015 fiscal year. That's one of the five most active ...
Most Insurance Execs Eligible for AARP: A.M. Best Survey
According to a survey of representatives of nearly 200 insurers conducted by analysts at rating agency A.M. Best, nearly three-quarters of people on carrier management teams are age 50 or older—a ...