Risk & Capital Management
A Year After Sandy, Rebuilding Continues in Storm-Hit Towns
A year after Superstorm Sandy inundated the East Coast with record flooding that left 159 people dead, residents of the hard-hit New Jersey shore still have a ways to go in rebuilding damaged ...
New York Announces Emergency Disaster Protocol for Insurers
New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other ...
Lessons from Hurricane Sandy, a Year Later: Howard Mills Looks Back
The one-year anniversary of Hurricane Sandy may mark an appropriate time to review how the insurance industry reacted to this disaster and the lessons we can draw from that. As a former insurance ...
P/C Insurance CFOs Cite Interest Rates As Top Concern
Chief financial officers with leading North American property/casualty insurers rank interest rates as their top concern, above catastrophes and pricing. Eighty-one percent list interest rates as ...
Reinsurers Get Down to Business in Baden-Baden; Willis Re Chairman Comments
"I don't think there have been any big changes between Monte Carlo and Baden-Baden," said James Vickers, chairman of Willis Re International. This isn't that surprising, given that the two ...
Hannover Re Sees Rate Hikes in Germany, Stable Rates Elsewhere
Hannover Re, the world's third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year's flooding and hailstorms, which led to the most costly ...
Treasury Seeks Financial Risk Management Officer for Federal Programs
The U.S. Treasury Department wants to hire someone to help manage risks and protect against losses on federal programs, according to an internal memo. The Treasury intends to create the job of chief ...
Soros-Backed Insurer Essent Seeks $1.2 Billion Valuation in IPO
Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand ...