Editors' picks include an article on lower third-quarter pretax operating profit for the U.S. life industry, and a piece on the Sustainability Accounting Standards Board releasing standards for disclosing information on environmental, social and governance factors.
Tough comparison leads to lower Q3 US life industry pretax operating profit
Amid continued pressure on premium writings and investment yields, difficult comparisons resulting from the accounting for various Prudential Financial Inc. intercompany transactions were primarily responsible for the U.S. life insurance industry's decline in third-quarter statutory profitability.
When it comes to ESG disclosures, 'boilerplate just doesn't cut it'
Jean Rogers founded the Sustainability Accounting Standards Board to create a common approach to disclosing material environmental, social and governance information. The efforts have garnered support from some of the world's largest asset managers.
Fintech M&A deals cap American Family's 1st year in new structure
American Family Mutual Insurance Co. S.I., approaching the anniversary of a landmark mutual-to-stock conversion, made the biggest splash in its new corporate structure when it announced several transactions of the kind that the reorganization had been intended to facilitate.
Fallout from securitization risk-retention rule factored in lender's bankruptcy
J.G. Wentworth Co. is proceeding with its 47th asset-backed securitization through a bankruptcy-remote subsidiary even as various of its affiliates filed prepackaged Chapter 11 petitions Dec. 12.
Diebold Nixdorf board should find tech-minded CEO replacement, analyst says
On Dec. 13, President and CEO Andreas Mattes will step down from his roles, effective immediately. Diebold Nixdorf Inc.'s board needs to find a seasoned CEO to address the challenges of integrating the company's predecessors, analysts believe.