Underwriting
XL Group Comes Out With Nuclear/Radiological Event Coverage
XL Group has come out with insurance coverage for chemical, biological, radiological and nuclear events. The insurer's crisis management team is handling the rollout as it did earlier in December ...
Amlin Buys Up Added Cat Bond Storm Cover for U.S. and Europe
Amlin Plc said it has obtained reinsurance coverage for U.S.-named storm, U.S. earthquake and European Windstorm perils of up to $200 million from Tramline Re II Ltd, a Bermudian special purpose ...
Eastern U.S. Faces Heightened Travel Risks With Christmas Eve Downpour
Planning a trip in the eastern U.S. this holiday season? Pack a little extra time along with the presents. You might need it if the meteorologists are right. First, though, the positive side to the ...
Cat Modelers Look to Clarify Cost of Cyber Risk
Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not ...
RMS Reflects on the 2014 Catastrophe Risk Landscape
For the insurance industry, 2014 was not a year of big losses. However, look more closely and you will see a string of near misses and important reminders of the forces that can wreak destruction and ...
Report: XL Group/Catlin Merger a Done Deal
XL Group plc may have already closed an M&A deal with rival Catlin, according to international media reports. XL CEO Mike McGavick acknowledged on Dec. 17 that talks were underway, with a ...
Staples Admits Data Breach May Have Hit 1.16M Payment Cards
Office-supply retailer Staples Inc said about 1.16 million payment cards might have been affected by the data breach announced in October. An investigation by external data security experts showed ...
South Korea Nuclear Power Data Leak Spurs Investigation
Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear ...