Reinsurance
Flooding and Flood Models Explained: Karen Clark Reviews the Basics
There are multiple types of flooding that can cause significant property damage and losses to insurance companies.. One is the flooding associated with storm surge from hurricanes. Hurricanes can ...
Munich Re Seeking Rate Hikes Due to Flood, Hailstorms in Germany
Munich Re, the world's biggest reinsurer, said rates in Germany need to rise following this year's floods and hailstorms. "It just took another 10 years to see another centennial flood in Germany," ...
Does, Should, Will TRIA Cover Cyber Terrorism?
The insurance industry will count on the Terrorism Risk Insurance Act (TRIA) if there is a terrorist strike on the United States, but will the program respond if the act of terrorism is a cyber ...
Fitch: Global Insurance Capital Standard Adds Uncertainty
Plans by the Basel-based International Association of Insurance Supervisors (IAIS) to develop a risk-based global insurance capital standard add further uncertainty for the insurance industry, ...
AXA Sells $474 Million of Catastrophe Bonds
AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in euros. Europe's second-largest insurer by market value ...
Swiss Re Buys Stake in Li’s FWD in $425 Million Asia Push
Swiss Re Ltd., the world's second- biggest reinsurer, will invest as much as $425 million in Richard Li's FWD Group as it pushes for growth in Asia. The company will buy 12.3 percent of FWD from ...
‘Once in Decade’ Typhoon Threatens Tokyo
A once-in-a-decade typhoon threatened Japan on Tuesday forcing the cancellation of flights and trains and disrupting oil shipments as it made its way across the Pacific directly towards the capital, ...
Ex-AIG CEO Greenberg Wins Delay in NY Fraud Case
Former American International Group Chief Executive Maurice "Hank" Greenberg on Thursday won a short reprieve from New York's case accusing him of orchestrating sham transactions at AIG. State ...