Risk & Capital Management
Amica Mutual CEO: 2014 Was When ‘Everything Came Together’
Amica Mutual Insurance Co. boosted its net income, added 46,000 more policies and improved its combined ratio in 2014, the insurer disclosed this week. "It was a year everything came together," Amica ...
Good Weather Helped Allstate’s Profit Beat Estimates; Massive Buyback Planned
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said it would repurchase as much as $3 billion of its stock as fourth-quarter profit exceeded analysts' estimates. ...
What Boards Would Like to Know About Catastrophe Losses
As the founder of AIR, one of the top two modeling companies, and its CEO for 20 years, I spent much of my career informing insurers and reinsurers about catastrophe models and extolling the virtues ...
RSA Reportedly Exploring Sale of Middle East Unit
RSA Insurance Group Plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, ...
Top Corporate Risks: Allianz Risk Barometer 2015
Business interruption and supply chain risk, natural catastrophes, and fire/explosion top the list of company risks in 2015, according to the fourth annual Allianz Risk Barometer, which surveyed more ...
Verisk: Cat Bond Issuance Hit Record Levels for Second Year in a Row
For the second year in a row, catastrophe bond issuance has hit record levels, an annual tally from the Property Claim Services unit of Verisk Insurance Solutions has concluded. Bond levels reached ...
FIO Report on Global Reinsurance Industry Released
The U.S. Department of the Treasury's Federal Insurance Office released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry late last year. The report, ...
Cat Modelers Look to Clarify Cost of Cyber Risk
Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not ...