Performance
Most Insurers Expect to Boost Revenues, Add Jobs in Next 12 Months: Survey
The majority of property/casualty insurers are expecting to hire more staff over the next 12 months, according to a survey from insurance recruiting firm The Jacobson Group and consulting firm Ward ...
Family-Run Companies Deliver Better Returns
Investors seeking less volatile returns from their stock portfolios are turning their attention to family-owned firms that play for pride as well as profit. In the wake of the 2007-09 financial ...QBE Profit Plunges 37%; CEO Neal Targets Costs
QBE Insurance Group Ltd., Australia's largest insurer by market value, fell the most in nine months in Sydney trading after reporting a 37 percent drop in first-half net income. QBE shares were 8.3 ...
Lloyd’s Insurers Face More Bond Losses on Fed Reserve Tapering
Insurers in the Lloyd's of London market, sideswiped by the Federal Reserve's plan to scale back debt purchases, may face more losses as rising Treasury yields erode the value of their short-term ...
Fairfax Wins Catalina’s Support for Deal to Buy American Safety
Fairfax Financial Holdings Ltd., the Toronto-based insurer led by investor Prem Watsa, won support from Catalina Holdings Bermuda Ltd. to proceed with a deal to buy American Safety Insurance Holdings ...
Zurich Insurance Q2 Profit Drops After Natural Disaster Losses
Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was "challenging" after natural catastrophe losses cut second-quarter profit by 27 percent. ...
U.S. Regulator Wants Auditors to Add Commentary, Not Analysis
Auditors know a lot about what lurks between the extremes of "pass" or "fail" - the only grades they are now permitted to assign to corporate financial statements - and the U.S. board that oversees ...
Investors Favoring Europe, Shunning Emerging Markets
Investors have boosted their allocation to euro zone stocks to its highest in 5-1/2 years at the expense of emerging markets as confidence about the region's growth improves, a closely-watched survey ...