Underwriting
RMS Version 13.0 Released For North American Hurricanes
RMS announced the release of its North Atlantic hurricane model suite, version 13.0, today, noting that the release delivers the ability to fully quantify the risk from catastrophic hurricane-driven ...
Transportation Insurer National Interstate Posts Surprise Q2 Loss
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise ...
TD Bank Faces Insurance Loss Due to Flood Claims
Toronto-Dominion Bank , Canada's second-largest lender, said it will take a third-quarter charge after tax of C$418 million ($406 million) due to recent severe weather in Alberta and Ontario and to ...Alleghany Combining Two Specialty Ops; Stephen Sills To Lead
Alleghany Corporation announced Tuesday that it plans to combine the operations of its subsidiaries Capitol Insurance Companies and Professional Risk Management Services, Inc. under the leadership of ...
Hartford Reports Third Straight Loss on Asbestos, Annuity Costs
Hartford Financial Services Group Inc., the insurer exiting life operations to focus on property/casualty coverage, posted a third straight loss on asbestos liabilities and costs tied to variable ...
Is My Data Safe On The RMS Cloud?
Two months after RMS announced the launch of RMS(one)—a cloud-based platform for catastrophe models, exposure measurement tools and related data—RMS's leader took to the blogosphere to address ...
Hiscox Reports Profit Up 44%; Combined Ratio at 74.7%
Hiscox Ltd. surged the most in more than four years after the second-biggest Lloyd's of London insurer by market value reported better-than-expected first-half profit and increased its dividend. The ...
Allianz, QBE to Face Most Claims from Spain Train Derailment
Germany's Allianz and Australian group QBE bear the bulk of the insurance liability from this week's fatal train crash in northwest Spain, according to sources at the companies. While Allianz's ...