CFO / Financial
A.M. Best Acts on BTG Pactual Resseguradora S.A. Ratings
A.M. Best has downgraded the issuer credit rating to "bbb" from "bbb+" and affirmed the financial strength rating of B++ (Good) of BTG Pactual Resseguradora S.A. (BTG Pactual Re) (Brazil). Both ...
Fewer Company Holiday Parties; Budgets Not to Blame
The economy is recovering, companies are spending more on benefits, employee satisfaction and retention are being monitored. And the holiday party is declining. Could it be that people don't like it? ...
Corporate Holiday Giving: Real Commitment or Window Dressing?
When chief executives of property/casualty insurance carriers wholeheartedly commit to corporate giving programs, the benefits can extend beyond helping worthy nonprofit organizations, a public ...
XL Strikes Deal With RGA Ceding Most Remaining Life Re Biz
XL Group plc and Reinsurance Group of America, Incorporated separately announced a reinsurance deal in which XL's subsidiary, XL Life Ltd. will ceded a block of U.S. term life reinsurance treaties to ...
Customer-Centric Strategies Start With Governance: PwC Report
Becoming a more customer-centric insurer isn't simply a matter of finding the right technology, according to a recent PwC report, which asserts that inadequate governance explains why carriers ...
Cyber Attacks Becoming Significant Threat to Insurer Credit Quality: A.M. Best
Insurance rating agency A.M. Best still considers natural catastrophe losses to be the primary threat to the financial strength and credit quality of property/casualty insurers, but cyber-attack ...
Top Cyber Threats for 2016; Integrity Attack on Financial Sector Likely
Businesses should expect cyber criminals to attack through wearable devices, employees' home systems, cloud services and automobiles within the next year, according cyber experts at Intel's McAfee ...
AIG-Style Bailouts Restricted Under New Fed Rules
The Federal Reserve took the final step to ensure it can't repeat the extraordinary steps taken to rescue American International Group Inc. and Bear Stearns Cos. in 2008, adopting formal restrictions ...