Reinsurance
Computer Models Failing to Predict Path of Wildfire Flames
Wildfires that have raged in California this summer haven't just overwhelmed firefighters. They've also stumped computer models designed to predict the intensity of flames and where they'll burn. ...
Fosun Reportedly Negotiating to Snatch Up RSA’s Middle Eastern Business
Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc's Middle East business, people familiar with ...
Insurers in Chile Should be Able to Handle Quake Claims: Fitch Ratings
Chile continues to assess the damage of an 8.3 magnitude earthquake that killed more than 10 people on Sept. 17 and led to the evacuation of over 1 million people around the coast, according to media ...
China Re Gains Hong Kong Stock Exchange Approval to Launch $2B IPO
China Reinsurance Group Corp., the nation's biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based ...
Cyber Attacks Bring Insurers and Other New Clients to Defense Firms
A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and ...
Executives On The Move At XL Catlin, Hiscox, BHSI and More
We have executive appointments and promotions to tell you about at XL Catlin, Hiscox, ACORD, Measure and Berkshire Hathaway Specialty Insurance: *** XL Catlin has appointed its post-merger specialty ...
Insurance Execs Struggle to Kindle the Innovation Spark: KPMG Survey
While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a ...
Hiscox’s ILS Assets Surpass $600 Million With Cardinal Re Launch
Kiskadee Investment Managers, Hiscox Re's insurance linked securities (ILS) operation, has launched Cardinal Re Ltd., a Bermuda-domiciled special purpose insurer designed to transform collateralized ...