Editors' picks for the week include a look at life insurers' mortgage loan acquisitions in the third quarter and Goldman Sachs' tech-savvy selection for next CFO.
Loss projections rise for buy-here, pay-here lender's subprime auto ABS deal
The upward trajectory of the rating agency loss estimates associated with a buy-here, pay-here company's ABS platform offers another data point regarding the challenges confronting companies in an increasingly scrutinized business.
Prudential Financial to face legal drama in Wells Fargo/MyTerm case
Prudential Financial Inc. suspending the distribution of MyTerm policies being sold by Wells Fargo & Co. may not have a major impact on the insurer's bottom line, but the company could be forced to deal with long-lasting legal and regulatory headaches.
The NAIC's new CEO receives praise, likely focused on retirement products
Michael Consedine, the incoming CEO of the National Association of Insurance Commissioners, failed to identify precise priorities for the organization but is expected to focus on retirement security and the role of insurance for the aging population.
Goldman makes tech-savvy selection for next CFO
Goldman Sachs Group Inc.'s leaders have touted the importance of technology, and the promotion of Chief Information Officer R. Martin Chavez to CFO could turn its eventual CEO succession into a three-man race.
Life insurers' mortgage loan acquisitions dipped in Q3
A single company accounted for approximately 16.5% of the overall investment activity in mortgages during the quarter, a period in which many of the leading lenders in the life insurance space saw the pace of their loan acquisitions fall.