CFO / Financial
Where Insurers Rank Among World’s Top Brands
Only two insurance organizations rank among the top 50 most valuable brands in the world, according to a ranking published this weekâand no insurers hold the highest brand rating of AAA+ awarded by ...
QBE Selling Australian Agency Businesses to Steadfast
QBE announced on Monday that it has agreed to sell its Australian and New Zealand agency businesses to Steadfast Group Limited for A$290 million (roughly $225 million). The businesses include CHU ...
AIG CFO David Herzog: Congress Was ‘Wise’ to Renew TRIA
The property/casualty insurance industry was without a federal terrorism reinsurance program for about two weeks, between its expiration on Dec. 31, and long-awaited Congressional action to renew it ...
$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 ...