Risk & Capital Management
ACE to Open Myanmar Office
The ACE Group said it has received provisional approval from Myanmar's Directorate of Investment and Company Administration to establish a representative office in the country. ACE said it is now ...Zurich Insurance Plans China, Saudi Expansion
Zurich Insurance Group AG plans to expand in China and Saudi Arabia as the insurer seeks to capitalize on economic growth in the world's second-biggest economy and largest oil exporter. Switzerland's ...
NOAA Forecast: Up to 6 Hurricanes This Season on Atlantic Coast
The government's weather center is forecasting that this year's Atlantic hurricane season that begins June 1 will be an active one, perhaps even extremely active, during its six months. Experts at ...
$2.5 Trillion in Global Disaster Losses Since 2000: U.N. Report
Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report. The U.N. Office for ...
Insurance Ops Still AA+ At Berkshire, But S&P Cuts Holding Co. Credit Rating
Applying a new group rating methodology to its assessment, Standard & Poor's lowered the counterparty credit rating for Warren Buffett's Berkshire Hathaway Inc. by one notch—to "AA" from ...
How Good Are Hurricane Forecasts?
Hurricane forecasts are very interesting and well publicized in the media, but how reliable are they? Not very, according to catastrophe modeling expert Karen Clark, who provides a chart of seasonal ...
Karen Clark Explains The Basic Facts About Hurricanes
The 2013 hurricane season is upon us and with it the usual spate of hurricane predictions. Most forecasts will call for an active, above average season in 2013, due to factors such as warm sea ...
Catastrophe Modeler RMS Unveils New Platform
Late last week, RMS unveiled RMS(one), describing it as an "environment" that will allow insurance companies to manage all of their risk models, exposures and analytics on a single, open platform in ...