CFO / Financial
$5B is Magic Number for M&A Deals: Catlin CEO
Stephen Catlin, who is selling his Lloyd's of London insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. "Anyone who has got a market value of ...
With Restructuring Complete, Hartford’s Risk Appetite Expanding: CEO Swift
When Liam McGee and Christopher Swift began their stints as chief executive and chief financial officer at The Hartford in late 2009 and early 2010, both outsiders sensed the need to work on ...
Five Questions Senior Managers and Directors Should Ask Reserving Actuaries
Best practices and due diligence suggest that property/casualty insurance company boards of directors, often via their audit committees, should annually interview the actuary who delivers the ...
Canada’s Intact Financial Nearly Doubled Quarterly P/C Profit
Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. ...
NAIC Adopts New Corporate Disclosure Requirements: What Carriers Can Do Today to Avoid Problems Tomorrow
The NAIC recently adopted the Corporate Governance Annual Disclosure Model Act and corresponding Model Regulations (CGAD). Although the initial disclosures are not likely due until 2016 at the ...
It’s Time for U.S. Insurers to Push Ahead on Climate Change: Deloitte
While U.S. property/casualty insurers have been dealing with the effects of weather and climate changes for years, 2015 may be the year they start zeroing in on the idea of attacking global warming ...
Deal Backstory: XL, Catlin Get in Front of M&A Trend Creating $10B Specialty, Re Leader
If you believe consolidation is happening, why wouldn't you want to get out in front and choose your own partner? That's the simple way that Stephen Catlin, founder and CEO of Catlin Group Limited, ...
Job Growth Giving False Recovery Signal as Construction, Financial Sector Wages Lag
The U.S. economy added the largest number of jobs in 15 years in 2014, yet a surprising five-cent drop in average hourly earnings in December raises questions over whether a tightening labor market ...