Markets
RMS Debuts Global Tsunami Scenario Catalog
RMS released a global tsunami scenario catalog to help insurers and reinsurers assess risks in high exposure regions they cover. The catastrophe modeling firm touted the catalog as the first of its ...
XL CEO McGavick: Employees Should Stay Put in Face of M&A Anxiety
XL Group Plc Chief Executive Officer Mike McGavick said employees who are worried about disruption from his company's planned purchase of Catlin Group Ltd. should think twice about jumping ship. ...
Report: Scor, Alleghany May Submit Rival M&A Bids for PartnerRe
PartnerRe Ltd. jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break ...
AIR Worldwide Vet to Lead Berkshire Hathaway Specialty Insurance’s Cat Engineering/Analytics Arm
Berkshire Hathaway Specialty Insurance brought in an AIR Worldwide executive to lead its new catastrophe engineering/analytics division. Akshay Gupta's will be head of Catastrophe Engineering & ...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
Uber, Carnegie Mellon, Link on Driverless Tech Research Partnership
Uber Technologies, the controversial app-based ridesharing service, is launching a partnership with a major university focused on developing new autonomous driving technology. Uber disclosed the news ...
Uber Investor Google May Be Ramping Up Its Own Ridesharing Service
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the ...
S&P Will Pay $1.5B to Settle Suits Over Inflated Subprime Mortgage Bond Ratings
S&P, a unit of McGraw Hill Financial Inc., will pay more than a year's profit to settle suits that it inflated ratings on subprime mortgage bonds at the center of the 2008 financial crisis. ...