News
Reinsurance CEOs: What Alternative Capital Means to Traditional Industry
The hottest topic in the reinsurance world was on the agenda at the Property/Casualty Insurance Joint Industry Forum in January, where two reinsurance executives gave different perspectives on what ...
Lloyd’s Neighbor, Walkie Talkie, Seeks Shade from Car-Melting Beam
The owners of the 37-story skyscraper in the City of London financial district known as the Walkie Talkie are seeking permission to mount sun-shading gear to block a car-melting light beam cast by ...
Kemper Realigns P/C Operations
Kemper Corp. is realigning its business to create one property/casualty segment for financial reporting purposes, beginning with the first quarter 2014. The company said its new Kemper property & ...U.S. to Unveil Voluntary Guidelines for Corporate Cybersecurity
The U.S. government is expected on Wednesday to release the final version of voluntary standards meant to help U.S. companies in nationally critical industries better protect themselves against cyber ...
Tower Group International Q3 2013 Reserve Charge Higher Than Expected
Tower Group International, Ltd. reported a bottom-line loss of $347.6 million for the third-quarter of 2013 on Tuesday, with higher than expected reserve charges contributing to the result. Adverse ...
Praedicat Launches Cloud-based Casualty Model; Mines Data from Published Science
Praedicat, the world's first liability catastrophe modeling company, announced the launch of its flagship software product, CoMeta on Tuesday. CoMeta delivers commercially-relevant analytics for ...
‘The Mask’ Revealed; Researchers Find Cyber Spies Targeting Govt. Agencies, Energy Cos .
A computer security software firm has uncovered what it calls the first cyber espionage campaign believed to be started by a Spanish-speaking country, targeting government agencies, energy companies ...
Carriers Pass A.M. Best Terror Stress Test; Plans Include Not Writing Cover
Insurers that faced negative rating actions from A.M. Best for failing a terror risk stress test last year were able to convince the rating agency they could survive without a government backstop, an ...