News
Skerlj Becomes Hamilton Re CRO
On Monday, Hamilton Insurance Group, the Bermuda-based holding company for Class 4 property and casualty reinsurer Hamilton Re, announced that Peter Skerlj was promoted to the position of Chief Risk ...
Runoff Specialist Catalina in Deal for SPARTA; Arch to Take ART Renewals
On Wednesday, Catalina Holdings (Bermuda) Ltd ("Catalina") and SPARTA Insurance Holdings, Inc. ("Sparta") announced a definitive agreement under which Catalina will acquire Sparta. Once the deal is ...
Internationalizing China’s Yuan Could Bring ‘Seismic Shift’ to Global Financial Landscape
China realizing its ambitions to internationalize the yuan is likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian ...
RSA Insurance CEO’s First Year Compensation May Top $9 Million
RSA Insurance Group Plc Chief Executive Officer Stephen Hester, drafted in to turn around the U.K. insurer, may be paid as much as 5.6 million pounds ($9.3 million) for his first 12 months in the ...
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 ...Extreme Weather in 2013 Due to Climate Change: UN
Much of the extreme weather that wreaked havoc in Asia, Europe and the Pacific region last year can be blamed on human-induced climate change, the U.N. weather agency says. The World Meteorological ...
Climate Scientists Highlight Human Cost of Global Warming
Top climate scientists who are gathering in Japan this week to finish up a report on the impact of global warming say that if you think climate change is only faced by some far-off polar bear decades ...