CFO / Financial
Allstate’s Auto Claims Surge in Q2, Leading to 45% Slide in Quarterly Profit
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit plunged 45 percent on a surge in claims from automobile coverage. Net income declined to $355 ...
Google, Berkshire, 8 Others Commit to Renewable Energy Investments
Some of the biggest U.S. corporate names offered their support—and billions of dollars in green financing pledges—to buttress the Obama administration's quest for a global agreement on combating ...
Global Warming Debate: Should Insurers Ditch Carbon Investments?
Insurers and reinsurers are applying underwriting and risk management expertise to support an environmentally sustainable future, but the question of exactly how they'll use investment dollars toward ...
Swiss Re CFO: With European M&A Rising, Insurers Shouldn’t Overreach
Europe's insurers need to think carefully before making acquisitions, Swiss Re Chief Financial Officer David Cole said. Stricter capital rules under Solvency II, which come into force next year, will ...
Genetic Markers May Fuel Next Wave of P/C Insurer Asbestos Reserve Hikes
Actuaries and casualty insurance company financial officers who are not tuned into the revolution occurring in molecular biology may be blindsided by the next influx of asbestos claims, according to ...
How Great Leaders Value Their Employees
Organizations of all sizes and industries are reimagining work cultures in this relationship economy. It's all about the people. Consequently, servant leadership quickly is becoming the preferred ...
Higher Premiums Push SCOR’s Q2 Profit Higher By Double Digits
SCOR SE, France's largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth. Net income climbed to 152 million euros ($168 million) from 121 ...
Cash Will be King if Zurich Insurance Buys RSA
Zurich Insurance Group AG said any offer for RSA Insurance Group will probably be in cash. Wednesday's statement from Zurich means "there's a very high likelihood that it will come through with an ...