Reinsurance
For the 2018 Atlantic Hurricane Season, Modeling Catastrophes Differently Might Help
The 2018 Atlantic hurricane season is nearly upon us. It begins June 1 — less than one month away — with as many as 14 named storms predicted and a greater than normal chance a major system will ...
QBE Invests in a Third AI Startup, With Plans to Use the Tech Internally
QBE Insurance Group Ltd.'s venture capital arm is betting once again on artificial intelligence with its third investment in the space—this time with a startup focused on developing the technology ...
Swiss Re Talks With SoftBank Over Possible Investment Stake Have Reportedly Stalled
Talks between billionaire Masayoshi Son's SoftBank Group Corp. and Swiss Re AG about buying a stake in the world's second-biggest reinsurer have come to a standstill, people familiar with the matter ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
Oklahoma Wildfires Kill Hundreds of Cattle, Destroy More than 300,000 Acres
Wind-driven wildfires that began in mid-April, fueled by severe drought, have killed hundreds of cattle and destroyed more than 300,000 acres in Oklahoma, authorities said on Monday. Oklahoma has ...
Insurers Are Exploring Whether They Must Use Blockchain to Compete or Collaborate
Blockchain isn't coming to insurance. It's already here. Leading insurance organizations are participating in alliances to adapt blockchain capabilities to insurance transactions, according to ...
Validus, Prepping to Be Acquired by AIG, Lost Money in Q1
Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier's reinsurance ...
Lloyd’s CFO Parry Plans to Depart After 17 Years
Lloyd's of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years. Parry joined Lloyd's in August 2001. He was appointed chief financial ...