Industry News
Karen Clark & Co.’s RiskInsight Now a Fully Probabilistic Loss Modeling Platform
Karen Clark & Co. (KCC) on Tuesday announced that RiskInsight, the open platform for catastrophe risk management, is now a fully probabilistic loss estimation tool capable of generating ...
Ironshore Energy Property Increases Capacity to $25M for Sector Risks
Ironshore Energy Property announced an increase in capacity to $25 million for energy risks throughout its global platform. This increase in capacity is available across all classes within the energy ...
Insurer M&A Activity on the Rise: Towers Watson
An overwhelming majority (86 percent) of North American insurance executives expect to see an increase in the volume of insurance mergers and acquisitions over the next one to three years, and 78 ...
MetLife CEO Frustrated with Regulatory Uncertainty On Capital Rules
MetLife Inc. Chief Executive Officer Steve Kandarian has seen regulation hinder his company's capital plans since he took over the top job at the largest U.S. life insurer in 2011. The Federal ...
Greenlight Capital’s Einhorn Drops Lawsuit After Unmasking Blogger Who Leaked Stock Info
Greenlight Capital Inc., the hedge fund overseen by David Einhorn, said on Monday it has unmasked the identity of an anonymous blogger who disclosed Greenlight's stake in a semiconductor company, and ...
Florida Seeking Private Insurer Fix for Flood Insurance Problem
The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that's the most vulnerable to storm surge. It's not clear, though, that ...
BlackRock Warns Over ‘Major Risks’ of Scottish Independence
BlackRock Inc., the world's largest money manager, warned that Scottish independence would bring about "major uncertainties, costs and risks" in Britain, becoming the latest company to join the ...
Canadian Pension Board Acquires Wilton Re for $1.8 Billion
The Canada Pension Plan Investment Board (CPPIB) said on Friday it agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity ...