Claims & Reserving
New RMS Terrorism Model Accounts For Fewer Risks in Many Locales
Catastrophe modeling firm RMS revamped its terrorism model to reflect lower terrorism risks in countries including Canada, Denmark, Ireland, Italy and the United Kingdom. RMS said the changes reflect ...
The Dead and Missing Rise in Japan Landslide Tragedy
Rescue workers battled through mud for a second day in search of dozens of people still missing after torrential rain triggered landslides in the western Japanese city of Hiroshima that killed 39 ...
Allied World Names New Reinsurance Head to Confront Tough Market
Allied World Assurance Company Holdings has named John Bender as its new CEO for global reinsurance operations, giving him broader responsibility for a crucial division at the company that has ...
Swiss Re’s Improved Financials Earn It a Ratings Upgrade
Swiss Re Group's good fortunes have helped give it a ratings boost. Fitch Ratings now ranks the company's financial strength rating as positive or A+, up from stable. A similar upgrade is in place ...
QBE Responds to Profit Plunge With Plans to Sell Assets
QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders' mortgage insurance business in Australia after reporting an 18 percent ...
Lehman Brothers’ Trustee to Distribute $3.5B Toward Claims
The trustee for Lehman Brothers Inc., the defunct brokerage, will distribute almost $3.5 billion on Sept. 10 to general unsecured creditors with $20.4 billion in approved claims. The distribution ...
Subterranean Reservoir Meets Tokyo Typhoon Threat
Below the condos and boutiques of Tokyo's upscale Minato ward -- which includes Roppongi Hills, home to Goldman Sachs Group's Japan headquarters -- a boring machine has carved out the city's newest ...
I.I.I.: Earthquake Risks Rising as Homeowners Coverage Declines
While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information ...