CFO / Financial
AIG Loses $231M in Q3; Up to 400 Senior-Level Jobs on Chopping Block
American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to ...
OneBeacon’s Q3 Results Disappoint; CNA’s Investment Income Plunges
OneBeacon's third-quarter results disappointed; CNA's numbers were mixed to positive, though its investment income took a big hit. Here are the details: *** OneBeacon Insurance Group saw its ...
The Hanover Temporarily Brings Back Former CFO After Greenfield’s Death
The Hanover Insurance Group brought back a former chief financial officer company to serve as interim CFO, a move made necessary due to the unexpected death of his predecessor earlier in October. ...
Hurricane Patricia May Hit Mexico Cat Bond
Mexico's natural disaster fund may be $100 million better off at bondholders' expense after Hurricane Patricia appeared to trigger a catastrophe bond the country sold in 2012. Investors in those ...
Willis Forecast: Cyber Rates Soar But Price Drops Ahead for Other Casualty
Cyber insurance and professional liability were the only clear outliers in a picture of softening primary insurance prices that now includes casualty lines, a broker report revealed last week. In its ...
PCI Conference Report: Cyber, Property Risks Not So Separate, CTO Says
The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, FireEye Inc. Chief Technology Officer Grady Summers said. ...
BlackRock: Insurers Turning to Property Bets, Lending
Insurers are increasingly looking to make direct loans and finance commercial properties as central bank policies limit yields on traditional holdings such as government debt and investment-grade ...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Book
Bermuda-based Ironshore International announces the acquisition of the reinsurance renewal rights to Novae Group's global agriculture reinsurance portfolio. The transfer is conditional on Lloyd's ...