Leadership & Strategy
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...
The Hartford Selling U.K. Variable Annuity Biz To Berkshire
The Hartford announced today that the company has signed a definitive agreement to sell its subsidiary, Hartford Life International Limited (HLIL), in a cash transaction to Columbia Insurance ...XL Launches Wage & Hour Liability Insurance Coverage
XL Group's Bermuda Professional Lines Unit has launched a new insurance product to specifically address the needs of Fortune 500 companies and other large employers potentially exposed to employee ...
21 P/C Insolvencies In 2012: A.M. Best
Rating agency A.M. Best released its annual tally of U.S. property/casualty industry financial impairments yesterday, counting up 21 for 2012—13 less than the 2011 figure of 34. The 2012 count was ...
Purchase Price Disputes: Structuring Earnouts to Minimize Risks
Earnouts continue to play an important role in helping public and private buyers of private insurance entities and sellers reach agreement on the purchase price for merger or acquisition ...
More Firms Buying Offices in Foreign Countries Rather Than Renting
After decades of renting being the norm, companies with offices in the world's major cities are seeing more financial sense in buying their own buildings, prompted by a mix of cheap debt, stockpiled ...
P/C Insurers Turned Profit On Underwriting In Q1; First Since Q42009
First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers' net income after taxes ...
As Sharing-Economy Cos. Go Mainstream, Cities, Insurers Grapple With New Issues
A few years ago, renting out a spare room via the lodging website Airbnb bordered on daring. Now, in thousands of cities around the world, it seems almost conventional. But as the founders of the ...