Risk
The Real Story Behind Bermuda Insurers’ Premium Jump
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report ...
Swiss Re, Munich Re Helped Shape World Bank’s New $500M Pandemic Risk Fund
Munich Re, Swiss Re and catastrophe modeling firm AIR Worldwide collaborated on the recent World Bank launch of a $500 million insurance fund designed to help protect poor countries from pandemic ...
La Niña May Be Coming, Along With Higher Atlantic Hurricane Risks
Think of it as Mother Nature's roller-coaster ride: the shift between the weather patterns known as El Nino and La Nina that, at their worst, can cause havoc worldwide. El Nino—spurred on by a ...
AIG, Prudential Won’t Need Bank Capital Rules: Fed Reserve Governor
U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve ...
The Latest Launches from XL Catlin, Guy Carpenter and Assurant
Guy Carpenter & Co. and a partner are coming up with a new cyber aggregation model. XL Catlin beefed up its professional liability coverage for small U.S. architectural and engineering firms. ...
RenaissanceRe to Host Forum Addressing Lessons Learned from Superstorm Sandy
Catastrophe reinsurer RenaissanceRe is hosting approximately 150 leading environmentalists, policymakers, scientists and insurance industry experts at a forum to discuss the recovery of lower ...
Beleaguered Pelvic Mesh Maker Attempts to Shift Liability to Doctors, Others
American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted ...
Berkshire Hathaway’s Jain Chooses ‘Zero Maintenance’ Executive to Lead Gen Re
General Reinsurance Group is getting a new CEO: Berkshire Hathaway reinsurance senior executive Kara Raiguel, who is described by her boss as a "secret weapon," "zero maintenance," and a "true ...