News
Texas Hailstorms Fueled Allstate’s $633M Pre-Tax April Catastrophe Losses
Allstate reported $633 million in estimated pre-tax catastrophe losses for April, more than half of which came from three days of severe hailstorms in Texas. After taxes, the number comes in at $411 ...
U.S. Cyber Officials Doubt Govt. Can Detect Cyber Attack in Progress
A majority of senior federal cyber officials responding to a survey said they don't think the U.S. government can detect cyber attacks while they're under way. Cyber security officials from the ...
Few UK Financial Firms Tackling Cyber Risks in Cohesive Way: Report
Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a "real and present danger" to the financial system, according to ...
Radian CEO Ibrahim to Retire After Leading Mortgage Insurer Since 2005
Radian Group Inc., the second-largest U.S. mortgage insurer, said Chief Executive Officer S.A. Ibrahim will step down at the end of next year after steering the company through the financial crisis ...
RMS: $77B of San Francisco Property at Risk From Sea-Level Rise by 2100
By the year 2100, up to $77 billion of property in San Francisco will be at risk from sea-level rise, according to an analysis from global catastrophe risk management firm RMS. The analysis found ...
Egan Cuts Ties with Reinsurance Venture Partner Oaktree Capital
Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar ...
Executives On The Move at XL Group, Swiss Re and Hannover Re
XL Group hired a longtime Lloyd's of London executive for a newly created position. Hannover Re promoted three people in various, key roles. Swiss Re has a new CEO of its North America division. *** ...
Aspen Designates New Insurance, Reinsurance CEOs as Vitale Discloses Retirement
Bermuda-based Aspen Insurance Holdings Ltd. is naming new leaders for its insurance and reinsurance segments after one executive retired and the other got a promotion. The executive changes come as ...