Risk & Capital Management
Bernanke’s 8-Year Term Highlights: Anger at AIG, Media Mishaps, Relations with Congress
Intellectually, Ben S. Bernanke was prepared to tackle the gravest economic crisis since the 1930s as chairman of the Federal Reserve. A Princeton University economics professor, he was an expert on ...
The Current Scientific Consensus on Climate Change and Hurricanes—It May Surprise You
While "scientific consensus" on climate change may sound like an oxymoron, there is consensus on three key questions about climate change and hurricanes, as demonstrated by recent reports from the ...
W.R. Berkley Q4 Profit Declines 21%; Underwriting Improves
W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income ...
ACE CEO Greenberg Says Buybacks Won’t Lessen Commitment to Growth
ACE Limited Chief Executive Officer Evan Greenberg, who typically shunned share repurchases as he focused on expansion and buyouts, said the authorization of additional buybacks won't halt his ...
21 Insurers, Brokers Launch Oasis ‘Open Source’ Cat Model
The Oasis Loss Modelling Framework has unveiled what it describes as "the most significant development in the modelling of natural catastrophe losses for 20 years"—the launch of an independent, ...
Reinsurance at Crossroads Part 2: Emerging Markets and Risks; the Road Ahead
As detailed in Part 1, "The Market in the Developed Economies" the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property ...Analysts Say Travelers Results Signal Pricing Trend; CEO Fishman Not So Sure
The Travelers Cos.' earnings, one of the first major insurance earnings to be reported each quarter, are often closely observed by industry participants as a bellwether for marketplace trends. And ...
Reinsurance at Crossroads Part 1: The Market in the Developed Economies
A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It's become apparent, however, that this market, for a number of reasons, ...