-
The role of the CFO has evolved from concerning financial management only to being an essential component of overall company strategy, delegates at The Insurance Insider's CFO forum heard last week.
-
XL Catlin increased its reserve cushion following the Catlin acquisition, as Morgan Stanley estimated that the company's pro forma excess reserves grew to $1.5bn in 2015 from $1bn the year before.
-
While M&A activity has lulled in 2016, conditions remain ripe for further consolidation among P&C insurers, according to credit data analysts CreditSights.
-
Share prices of companies in The Insider 30 experienced a downturn in the second week of June, with the group declining by 1.24 percent on average.
-
The flow of prior-year reserve releases that has helped support US P&C underwriting results in recent years is not sustainable, according to Standard & Poor's (S&P).
-
The top executives of various (re)insurers have sold down or surrendered their holdings in their companies in recent months, as market volatility has piled pressure onto their stock prices
-
When I started doing this in 2010, global specialty (re)insurers had a slightly imbalanced business model.
-
Share price data on The Insurance Insider's universe of P&C (re)insurers
-
Lloyd's executives are still among the lowest paid in the global (re)insurance industry, with average remuneration of $4.9mn for 2015, up 6.5 percent on the previous year.
-
Average executive pay at global reinsurers increased marginally to $5.9mn in 2015, up 2 percent on the previous year, as market headwinds continued to pose challenges.
-
Average compensation for CEOs of US specialty carriers dropped 25 percent to $7.1mn in 2015, as firms continued to battle a challenging market environment.
-
US large-cap CEOs saw their average remuneration grow 6.7 percent to $12.7mn in 2015, once again leading the (re)insurance industry in terms of executive compensation.
