CFO / Financial
Swiss Re CFO Predicts Some Will View Outsider Reinsurance Takeovers as ‘Adventuresome’
Some takeovers in the reinsurance industry by investors from outside the sector may ultimately be viewed as "adventuresome," the chief financial officer of reinsurer Swiss Re said. The reinsurance ...
Underinsurance of Property Risks is Growing Globally: Swiss Re Report
The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that ...
Cyber Risks Poised to Become a $20 Billion Market: Allianz
Cyber risk remains a rapidly increasing problem with wide-ranging economic impact and cost. A new Allianz report illustrates how bad the situation has become, costing the global economy $445 billion ...
Surplus Lines Posts Record-Breaking Year for 2014
The surplus lines industry broke records in 2014, growing direct premium written in 2014 to $40.2 billion—the highest point in history, reports A.M. Best's "2014 Special Report U.S. Surplus ...
Busting Myths About Underwriting Technology
Cutting your hair makes it grow faster. Thomas Edison invented the light bulb. Humans use only 10 percent of their brains. Most people assume those statements to be correct because they are so often ...
For Lloyd’s of London, Heavy Competition Produced H1 Pretax Profit Plunge
Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have ...
Japan’s Mitsui Sumitomo Insurance to Snatch Up Amlin for $5.3B
MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd's of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares ...
S&P Upgrades SCOR to AA-
Standard & Poor's upgraded its insurer financial strength rating on SCOR SE to AA- from A+, the rating agency announced Friday, citing the reinsurer's strong competition position as a factor ...