CFO / Financial
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 ...
Tier 1 Reinsurers More Resilient than Smaller Firms in Current Market: Fitch
Major tier 1 reinsurers stand to benefit most from a changing reinsurance market and mounting competitive pressures, while small monoline companies will be the hardest hit, according to a reinsurance ...
Actuaries, Analytics Pros in Hottest P/C Insurance Talent Markets: Labor Study
In spite of fading carrier optimism about revenue growth and increasing activity on the M&A front, unemployment in the insurance industry remains near an all-time low. For carriers, that means ...
AIG Freezing Employee Pension Plans in Cost-Cutting Move
American International Group Inc., the insurer seeking to cut costs under Chief Executive Officer Peter Hancock, said it will halt employees' existing pension program in the U.S. and instead focus on ...
State Farm & Farmers Gain Ground in J.D.Power Small Biz Customer Satisfaction Ranking
Erie Insurance hit the top of the list of J.D. Power's latest small business commercial insurance study in terms of client satisfaction with their insurance policies. This is the third straight ...
Qatar Re Will Switch Its Corporate Domicile to Bermuda
Qatar Re will transfer its seat of incorporation from the Qatar Financial Centre to Bermuda, during the 2015 fourth quarter. The move, subject to regulatory approvals, is designed to expand the ...
Report: U.K.’s Professional Indemnity Sector Poised For More Robust Growth
The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of ...
Marsh: Commercial Insurance Rates Continue Their Global Decline
Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said ...