Reinsurance
Karen Clark & Co.’s New Tool Creates Realistic Hurricane Footprints, Tailored Loss Estimates
Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool for creating hurricane tracks and wind speeds. Named ...
Florida Catastrophe Fund Stronger As Storm Season Nears
Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida is in the best financial shape it has been in years — maybe ...
$2.5 Trillion in Global Disaster Losses Since 2000: U.N. Report
Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report. The U.N. Office for ...
Karen Clark Explains The Basic Facts About Hurricanes
The 2013 hurricane season is upon us and with it the usual spate of hurricane predictions. Most forecasts will call for an active, above average season in 2013, due to factors such as warm sea ...Tokio Millennium Re Redomesticating to Switzerland This Year, Expanding To U.S. In ’14
Tokio Millennium Re Ltd. announced Tuesday that it plans to redomesticate its place of incorporation from Bermuda to Switzerland, saying that the move is part of its ongoing commitment to growth and ...
Claims Down, Premiums Up for Reinsurers
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest ...
Buffett’s Non-Insurance Performance, Succession in Spotlight at ‘Woodstock for Capitalists’
Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway Inc. has become the biggest elephant in the room. ...
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...