Risk & Capital Management
Capital Modeling: More Than Meets the Eye
If your eyes glaze over when the subject of capital modeling comes up, there are some enormous business benefits to what can seem like a regulatory compliance exercise. Capital modeling draws yawns ...
Beazley: Cyber Breaches are Small in Number But Growing
Specialty insurer Beazley has identified the most common source of data breaches, and they're not all in the cyber world. Most come from misdirected emails and faxes and the loss of paper records, ...
Progressive to Pursue Sizable Hiring Plans Through 2014
Progressive Corp., the fourth largest U.S. automobile insurer, wants the world to know that it is hiring nearly 1,000 people by the end of 2014. What's the plan? Progressive said it will do this by ...
Munich Re at Monte Carlo: Predictions of Moderate Growth
While many expect the global property/casualty reinsurance industry to continue its downward pricing spiral, Munich RE predicts moderate growth for itself in the near future. The world's largest ...
ACP Re/Tower Group Merger Deal Finally Closes
After months of uncertainty, the merger of ACP Re Ltd. and struggling reinsurer Tower Group International has finally closed. Bermuda-based ACP Re and Tower announced on Sept. 12 that all regulatory ...
Britain is 1st Western Govt. to Issue Offshore Bond in China’s currency
Britain will become first Western government to issue an offshore bond in China's renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with ...
ILS Pullback to Slow Re Price Declines, Moody’s Says
While reinforcing a negative outlook for the global reinsurance industry, Moody's Investors Service predicted a pullback in activity from insurance-linked securities funds in a report released early ...
XL Group Grabs Minority Stake in Ada Investments
An affiliate of XL Group plc, the global insurance and reinsurance company, recently bought up a minority stake in Ada Investments. Neither side is disclosing specifics. Ada Investments is based in ...