Reinsurance
Falling Prices Advantage Large Reinsurers, Pressure Smaller Firms
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers ...Swiss Re Acquires Stake in Colombian Surety Company
Swiss Re Corporate Solutions and owners of Compañía Aseguradora de Fianzas S.A. Confianza ("Confianza") have signed an agreement under which Corporate Solutions will acquire a 51 percent stake in ...
Guy Carpenter’s Satellite Imaging Service Assisting Insurers with UK Floods
Reinsurance specialist Guy Carpenter & Co. recently launched a satellite-based catastrophe evaluation service, GC CAT-VIEWSM, which it is already using to provide clients affected by the recent ...
Cole Appointed as New Group CFO at Swiss Re
Swiss Re's Board of Directors announced last week that David Cole, currently Swiss Re Group Chief Risk Officer (CRO), will become Group Chief Financial Officer (CFO), effective 1 May 2014. Cole ...
Can We Fix Earthquake Insurance in California?
Twenty years ago, on Jan. 17, 1994, a previously unknown fault ruptured nine miles beneath Northridge in the San Fernando Valley. With a magnitude of 6.7 and an epicenter just 20 miles northwest of ...Pine River Hedge Fund Raising $750 Million to Start Bermuda Reinsurer
Pine River Capital Management LP, the $14.3 billion hedge-fund firm founded by Brian Taylor, is raising capital for a reinsurance company in the latest push by a money manager into the industry. The ...
Conan Ward Heading U.S. Ops for Hamilton Insurance Group
Hamilton Insurance Group, Ltd., the holding company for Bermuda-based Class 4 property/casualty reinsurer Hamilton Re, announced Tuesday that Conan M. Ward has been hired to head the group's U.S. ...
RMS(one) To Be Available in April; ARA Putting Hurricane Model on Platform
On Tuesday, RMS announced that it will release version 1.0 of RMS(one), the company's exposure and risk-management platform, on Apr. 15, 2014. All RMS catastrophe models, as well as select models ...