Reinsurance
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
BMA Stats Show Bermuda Insurer Registrations Jumping Over 70% in 2013
According to the Bermuda Monetary Authority, Bermuda registered 91 new insurance companies in 2013, with the figure representing a 72 percent jump over the 53 firms registered in 2012. The new ...
Montpelier Appoints Brookman SVP, Head of Capital Markets
Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, on Thursday announced that Daniel Brookman has been appointed senior vice president and head of ...
Economic Cost of January Freeze Put at $5B, Insurance Costs Not Available Yet
Hunkering down at home rather than going to work, canceling thousands of flights and repairing burst pipes from the Midwest to the Southeast has its price. By one estimate, about $5 billion. The ...
Senators Looking to Revive Climate Debate
Two of the U.S. Senate's biggest environmental boosters have launched a drive to revive the issue of climate change in Congress and defend President Barack Obama's climate action plan against ...Validus Holdings, Ltd. Announces AlphaCat 2014, Ltd. SPV
Validus Holdings, Ltd. announced Wednesday that it has joined with other investors in capitalizing AlphaCat 2014, Ltd. and has fully deployed its capital. AlphaCat 2014 is a special purpose vehicle ...RMS Conducts Risk Analysis for QBE’s $250M VenTerra Re Ltd. Cat Bond
Catastrophe modeler RMS announced Tuesday that the company conducted the risk analysis for a new catastrophe bond issued by VenTerra Re Ltd, a special purpose vehicle for investors. The bond, ...
ACE Establishes $95M SPV Altair Re II
ACE Limited announced Monday that it has established Altair Re II, a $95 million special purpose vehicle to provide additional collateralized capacity for its global reinsurance business. Altair Re ...