News
Bermuda Braces For Gabrielle But Little Structure Damage Expected
According to catastrophe modeling firm AIR Worldwide, the seventh storm of the Atlantic hurricane season—Tropical Storm Gabrielle— is on a path that could threaten Bermuda on Wednesday, but ...
August Floods Caused Estimated $10B in Economic Losses: Aon Benfield
Aon Benfield's Impact Forecasting on Sept. 5 announced the release of its monthly Global Catastrophe Recap report, which revealed that flood losses in China, Russia, the Philippines and Pakistan ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
AIR Worldwide Provides Risk Modeling for More than $25B in Total Cat Bond Issuance
AIR Worldwide on Monday announced it has provided risk modeling and analytical services for more than $25 billion in catastrophe bond issuance, encompassing more than 115 transactions since the ...
JPMorgan’s Board Takes Some Power from Dimon
JPMorgan Chase & Co.'s board, under fire for the bank's trading losses and myriad government probes, said on Monday that it was adding two directors and handing more power to its lead independent ...
Fitch Sees Alternative Capital Fueling Reinsurance Mergers
Mergers and acquisitions in the reinsurance industry may rise in coming years because of higher valuations and the inflow of alternative capital, according to Fitch Ratings Ltd. The consolidation ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Buy or Sell? Response May Depend on How Investment News Is Delivered
Some investment firms are looking at using online videos to bring financial news to their investors. But researchers at Missouri University of Science and Technology caution firms to first consider ...
Third Point Re’s Underwriting Model to Top Greenlight’s, Advises JPMorgan
Dan Loeb's Third Point Reinsurance Ltd., which had a public offering last month, will probably produce better underwriting results than David Einhorn's Greenlight Capital Re Ltd., JPMorgan Chase ...