Editors' picks for the week include a story on the NYSE's first female president and improvement in private auto lifting U.S. property and casualty industry statutory results in the first quarter.
Auto dealer bankruptcy an anomaly for strong-performing Ally floorplan book
Ally Financial Inc. has shown what the company has categorized as "very low losses" on its dealer floorplan financing business over a long period of time, but the relative mix of loans assigned the highest of four internal credit ratings has declined of late.
PayPal executives solidify plans for future M&A, eye expansion into new markets
PayPal Holdings Inc. plans to continue expanding its foothold in the $110 trillion addressable market the payment processor operates in.
AIG's new legacy reinsurer impacts US life industry's Q1 results in a big way
A Bermuda-based reinsurer's assumption of certain legacy liabilities of American International Group Inc. appears to have impacted the U.S. insurance industry's first-quarter statutory results to an even greater extent in the life sector than in property and casualty.
Private auto improvement lifts US P&C industry statutory results in Q1
The U.S. property and casualty industry achieved its largest net underwriting gain in a first quarter in five years, a preliminary review of statutory data compiled by S&P Global Market Intelligence reveals.
With NYSE's new president, 2 major US exchanges have female leadership
The 226-year-old New York Stock Exchange has named its first female president, Stacey Cunningham. In early 2017, Nasdaq Inc. named Adena Friedman president and CEO.
