Reinsurance
Everest’s Mt. Logan Re Appoints Whiting as CUO
On Friday, Mt. Logan Re, Ltd. announced the appointment of David Whiting to the position of Chief Underwriting Officer. Mt. Logan Re, Ltd. is Everest Re Group Ltd.'s special purpose reinsurer formed ...
Former KPMG COO Keizer Joins Montpelier Re Board
Montpelier Re Holdings Ltd., a provider of short-tail reinsurance and other specialty lines, announced Monday that the Company's board of directors appointed Henry R. Keizer to fill a board vacancy. ...
Insured Loss for Midwest Tornadoes Could be $1B: RMS
The tornado outbreak that occurred on Nov. 17 could become the insurance industry's first billion-dollar severe weather event to occur in November, according to RMS. The catastrophe modeling firm ...
Fast Money Hedge Funds Won’t Keep Pension Funds Out of Terror Market, Says ILS Manager
To understand why the insurance-linked securities market will offer greater amounts of terror risk coverage in the years ahead, you have to understand the difference between two groups of ILS ...
We Can Write Terror Risk: Part II
The leader of a firm thought to be the world's largest investment manager of catastrophe bonds told federal lawmakers last week that the insurance-linked securities market is poised to provide ...
Insurers Express Interest in Fund to Protect Customers of Bankrupt Brokers
Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures brokers that go bankrupt as in the cases of MF Global and ...
Swiss Re Acquiring Stake in Brazil’s Sul America
Swiss Re Ltd., the world's second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding ...Warming Partly Caused by El Niño; CO2 Warming Effect Less than Believed: Researchers
A natural shift to stronger warm El Niño events in the Pacific Ocean might be responsible for a substantial portion of the global warming recorded during the past 50 years, according to new research ...