Performance
Should Firms Tie Bonuses to Competitors’ Performance?
The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar ...
CEOs Get Merger Bonus When Selling Firms Cheaply
In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus. Also, target shareholders receive inferior premiums when their firms are sold, while their CEOs received a ...
17 P/C Insolvencies, Only One Cat-Driven In 2012: A.M. Best
Only one of 17 property/casualty insurance carriers that became financially impaired in 2012 suffered its impairment as a result of catastrophe losses, according to a recent study by A.M. Best. ...
Individual P/C Carrier Results Lackluster, Despite Aggregate ’12 Improvement: Fitch
Although the aggregate operating results for a group of large publicly traded property/casualty insurers improved markedly in 2012 compared to 2011, individual carrier performance remains "below par" ...FM Global Swings to $774M Net Profit for Full-Year 2012
Johnston, R.I.-based FM Global, one of the world's largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million ...RAA: U.S. Reinsurers Had Higher Premiums, Improved Underwriting Results in 2012
The Reinsurance Association of America said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011. The RAA said Thursday ...