Risk & Capital Management
Hartford Unloads Japan Operations for $895M
Hartford Financial Services Group Inc. agreed to sell its Japanese operation to Orix Corp. as Chief Executive Officer Liam McGee narrows the U.S. insurer's focus. Orix will pay about $895 million for ...
Citizens Board Okays $3.1B Re Package; Includes Largest Cat Bond in History
Continuing its efforts to reduce assessment risk, the Board of Governors of Citizens Property Insurance Corporation on Thursday approved a $3.1 billion risk transfer program for the 2014 hurricane ...
Allied World Reports Record Underwriting Income
Allied World Assurance Co. Holdings reported an 11.4 percent jump in net income during the 2014 first quarter, as the overall combined ratio for the company fell just below 80. Scott Carmilani, ...
Next Generation Cat Modeling: Multimodel, Open Source or Open Platform—What’s the Difference?
For the past two decades, insurers and reinsurers have licensed catastrophe models from AIR, RMS and EQECAT, and each vendor model came with its own front and back end to handle the model input and ...
Platinum Eyeing Riskier Assets to Boost Profits in Unending Soft Re Mkt: CEO
With underwriting profitability stalled, Platinum Underwriters Holdings could soon join the list of Bermuda reinsurers turning to riskier assets to boost the investment component of income, the ...
Casualty Actuarial Society Forms Cyber Risk Task Force
The Casualty Actuarial Society has announced the formation of the Task Force on Cyber Risk, an initiative that reflects the rapid growth of cyber risk and the pressing need to find effective means of ...
Aon’s New Political Risk Map Highlights BRICS Increased Risks
Aon Risk Solutions, the global risk management business of Aon plc, has unveiled its 2014 Political Risk Map, which identifies an increased risk rating for all five BRICS countries. Aon noted that ...
QBE Confirms Strategic Review of U.S. Mid-Market Biz
QBE confirmed Monday that it is undertaking a strategic review of its U.S.-based middle market business. As Carrier Management reported in February, QBE Chief Executive Officer John Neal previously ...