CFO / Financial
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 ...
Zurich Exiting P/C Business in Middle East
Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the "limited potential" for profitable growth. The decision to exit ...
How Virtual Agents Powered by Artificial Intelligence Can Transform Insurance
As with most industries within the financial services sector, insurance is facing the dual pressures of needing to keep costs down in a competitive environment while maintaining satisfaction ...
Cincinnati Financial Adds Commercial Lines Leaders; Exec Retirements Announced
Cincinnati Financial Corp. announced earlier this month that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, ...