Reinsurance
XL Group Fills Major Executive Slot
XL Group, a global insurance and reinsurance company, has hired from within to fill a crucial executive position. Michael Garceau will now be chief financial officer of XL Group's global insurance ...
United Insurance Holdings Corp. Takes on Citizens’ Florida P/C Policies
United Insurance Holdings Corp. said it has initiated the takeout of more than 37,000 personal and commercial residential policies from Citizens Property Insurance Corp. in Florida. The transition ...
2014 U.S. Cat Events Land Far From Record Levels: Verisk
U.S. insured losses during the first nine months of 2014 fell "well short" of the 10-year average. But major events still caused some pain, and catastrophe losses in the country climbed by ...
Bermuda Stares Down Hurricane Gonzalo; Hawaii Troubled by Ana
Hurricane Gonzalo grew into a major storm that threatens Bermuda later this week, while half a world away Tropical Storm Ana may become the second system this year to sweep Hawaii's Big Island. ...
Big Earthquake Likely for San Francisco, But Coverage Lacking
The San Francisco region will probably be struck by an earthquake with a magnitude of at least 6.7 in coming decades, and most of the billions of dollars of damages wouldn't be covered by insurance. ...
Zurich Insurance CIO Wants New Rules to Protect Green Bond Boom
The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's investment chief told the Reuters Global Climate ...
Worsening High-Tide Floods Could Make City Sections Unusable: Study
Flooding during high tides, which used to be rare, is now common in some places and could worsen to the point that sections of coastal cities may flood so often they would become unusable in the near ...
Cyclone Hudhud Making Damaging Mark in India
Cyclone Hudhud caused some serious damage in India after making landfall early Oct. 12, AIR Worldwide said. The Boston-based catastrophe modeling firm said the storm hit near Visakhapatnam with wind ...