Performance
Travelers CEO Fishman: Q3 Results ‘Just Terrific’
At the start of The Travelers Cos. 2014 third quarter investor call, Chairman and CEO Jay Fishman virtually gushed about the numbers he and his team were about to discuss. "As I am sure you read, the ...
Well-Connected CEOs Lead Companies into Bad M&A Deals
Chief executive officers with extensive social connections to board members, executives at other firms, bankers and other financial market participants initiate mergers and acquisitions more ...
Munich Re, Hannover Re Expect Stability in 2015, at Least in Germany
Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. Munich and Hannover, the world's ...
FERMA Survey Reveals Dissent Over Management of Top Risks
Risk managers are not satisfied with the level of mitigation for six of the top 10 risks "that keep their CEO awake at night," which is one of the key findings of the 2014 Risk Management ...
The FSB Wants Feedback on Policies For Systemically Important Insurers
The Financial Stability Board (FSB) is seeking public comment on proposed guidance "for the identification of the critical functions and critical shared services for systemically important insurers." ...
In Venezuela, Oil Price Plunge Makes Debt Insurance Costs Soar
The cost for insuring Venezuelan sovereign debt against default or restructuring surged on Wednesday as global oil prices swooned to a 27-month low before rebounding, illustrating rising investor ...
2014 U.S. Cat Events Land Far From Record Levels: Verisk
U.S. insured losses during the first nine months of 2014 fell "well short" of the 10-year average. But major events still caused some pain, and catastrophe losses in the country climbed by ...
Aon Benfield: India, Pakistan Flooding 2014’s Costliest Weather Event So Far
The costliest weather event so far 2014 involved torrential monsoon rains and catastrophic flooding in India and Pakistan in September, Aon Benfield concluded in a new report. The firm's September ...