Reinsurance
Watford Re Ltd. Completes $1.13B Capital Raise
Watford Holdings Ltd. on Tuesday announced that its wholly owned subsidiary Watford Re Ltd., a newly formed, Bermuda-based multiline reinsurer, has completed a $1.13 billion capital raise. The ...
Forecast Models Line Up on El Niño, Possibly Cutting Down Atlantic Hurricanes: WSI
The prospect of an El Niño event is now looking likely, a meteorologist told insurance professionals last month, pointing to computer models signaling at least a weak event coming in late spring or ...
Allied World to Launch New Managing Agency at Lloyd’s
Allied World Assurance Co. Holdings announced Monday that it has received approval from Lloyd's, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its ...
World is Not Ready to Deal with Effects of Global Warming: UN Panel
Global warming is depleting fresh water and crops, destroying coral reefs and melting the Arctic, the United Nations said Monday in a report that concludes the world is ill-prepared to face many new ...
Small Probability of Larger Event Following Friday’s Calif. Quake
In an announcement detailing the specifics of a 5.1 magnitude earthquake that struck Southern California on Friday, AIR Worldwide said there is a 5 percent probability that the earthquake could be a ...5.1 Magnitude Southern Calif. Quake Forced Some Weekend Evacuations
A moderate earthquake that rattled a swath of Southern California forced several dozen people in one community out of their homes after firefighters discovered foundation problems that made the ...Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook
In a statement Wednesday, Bermuda-based Watford Holdings Ltd. said it expects that reinsurance operations of its wholly-owned subsidiary Watford Re Ltd., will start up soon, following the recent ...
BMS Launches Severe Weather Analytics
BMS Group has announced a new weather risk management module as part of its iVision suite of analytical tools and services. The unique analytical tools allow carriers to better understand their risk ...