CFO / Financial
Insurers See Impact from Wearables Within Two Years: Accenture Survey
Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture's annual Technology Vision report. The survey of more than ...
Closing the Gap: How Small and Midsized Insurers Can Leverage the Power of Big Data
The "big data" buzz that dominates so much of the P/C insurance conversation these days may not be as uniformly useful as everyone thinks. In the majority of cases, the usefulness of big data hinges ...
Fosun Planning $1B Capital Raise to Fund Insurance Acquisitions
Fosun International Ltd., the Chinese conglomerate that's been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will ...
Zurich Sees Q1 Profit Dip 4 Percent at General Insurance Unit
Zurich Insurance Group AG, Switzerland's biggest insurer, said first-quarter profit fell 4 percent on lower earnings from general insurance and higher tax payments. Net income declined to $1.22 ...
How to Keep Top Talent After an Acquisition
Merger and acquisition activity in the P/C industry is growing—driven by declining fundamentals and an excess of cash. And negative industry factors, including increased pricing softness, modest ...
$1.8B Endurance/Montpelier Re Merger Up For July Shareholder Vote
Shareholders with both Endurance Specialty Holdings and Montpelier Re Holdings will likely vote on their planned $1.8 billion merger in early July, Endurance Chairman and CEO John Charman said during ...
XL CEO: Illiquid Securities and Infrastructure Will Boost Portfolio Yields
XL Group Plc Chief Executive Officer Mike McGavick said the insurer is looking to illiquid securities and infrastructure investments to boost portfolio yields squeezed by interest rates that are near ...
Swiss Re Rallies in Q1 With ‘Acceptable’ Rate of Policy Renewals
Swiss Re, the world's second-largest reinsurer, beat forecasts with a 17 percent rise in first-quarter net profit on Thursday, boosted by strong investment returns, and said it was able to renew ...