CFO / Financial
Progressive Corp. Records Second-Quarter Loss
Progressive Corp. said Friday it recorded a loss of about $543 million for the second quarter 2022 and a loss of $436.7 million in June. To date, Progressive is in the red with a bottom-line net loss ...
Keeping Up With Inflation: Applied Underwriters Bumps Salaries Up 10%
Applied Underwriters on July 11 said it increased staff salaries across the board by 10 percent to keep up with inflation and its implications. The dramatic adjustment, far outpacing industry ...
Lloyd’s Prefers to Stay in Landmark London Headquarters, With the Right Terms
Lloyd's has decided to stay in its landmark headquarters building at One Lime Street in London – as long as it receives acceptable terms for the renewal of its lease. In January, the market ...
Is Expertise a Liability? How Negative Feedback Impacts Decisions of CFOs, VCs, Other Experts
Financial strategists, medical advisers and venture capitalists that are considered experts in their fields play a crucial role in major organizations but are more likely than novices to make ...
Midyear Update 2022: Transitions
The theme of transitions is a fitting one, which ties together many of the articles in Carrier Management's midyear digital magazine. We're publishing soon after the start of summer, and the weather ...
Carriers Will Be Slow to Raise Limits in ‘Nuanced’ Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
Tech Arms Race Favors Giant Commercial Carriers
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
Innovating to Control Costs: Carriers Seeking Top-Line Growth Amid Bottom-Line Pressures
Given the highly competitive non-life market, and the depressed pricing that accompanies excess capacity, leaders in the global property/casualty insurance and reinsurance markets have found ...