Reinsurance
Risk of Landfalling Hurricanes Reduced as Upcoming El Niño Event Plays Out
The big news heading into the 2014 Atlantic hurricane season is the imminent arrival of what we think will be a significant El Niño event, the first such event since 2009. An El Niño event is a ...
U.S. at Risk of Severe Weather From Climate, Scientists Say
More than half the U.S. population lives in coastal areas that are "increasingly vulnerable" to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory ...
Berkshire Primary Ops Show Double-Digit Profit, Premium Gains in Q1
Berkshire-Hathaway's primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent ...
‘Boom or Bust’ Tornado Seasons Baffle Meteorologists
Something strange is happening with tornadoes lately in the United States and it's baffling meteorologists. It's either unusually quiet or deadly active. Until the latest outbreak in late April, the ...
Strong Garage Doors Save Roofs, Shelters Save Lives in Tornadoes: Research
Lightweight garage doors can be the weak link that allows high winds and pressure changes into a home during a tornado, according to a study of tornado damage by researchers from The University of ...
XL Group’s McGavick: Life Re Biz Sale Took Years of Planning
XL Group concluded its 2014 first quarter with some encouraging results. But it seemed like all CEO Mike McGavick wanted to talk about at first, during the company's May 2 earnings call, was the ...
XL Group Selling Life Re Biz for $570M
XL Group plc owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in cash. XL CEO Mike McGavick said the deal represents "another strong step forward ...
AIR Worldwide, Association of British Insurers Ally on Non-Modeled Risks
Catastrophe risk modeling firm AIR Worldwide collaborated with the Association of British Insurers and other industry experts on a detailed paper outlining the challenges of non-modeled catastrophe ...