Risk & Capital Management
Berkshire Profit Rises 51%, Shares Hit Record High
Warren Buffett's Berkshire Hathaway Inc. on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from ...
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders. Chances for final legislative ...
Risk Readiness Declines Worldwide—Even For Insurers
Risk decision makers from 1,400 companies around the globe report that the 10 biggest risks facing their companies wiped away 42 percent of their income, on average, during the last 12 months, a new ...
Towers Watson Launches New Terror Risk Modeling Software
Global professional services company Towers Watson has introduced new predictive modeling software designed to help carriers and non-insurers assess terrorism risk. The company unveiled its Sunstone ...
Cyber Risk Still Not Insured By Most RMs: Towers Watson Survey
Carriers offering cyber insurance may have seen an increase in demand for their specialty insurance policies over the past year, but more than 60 percent of risk managers surveyed say they still ...
Upcoming Cat Model Change, Capital Markets Pressuring Prop-Cat Rates, Execs Say
As first-quarter earnings reports started trickling in from property/casualty insurers and reinsurers carriers last week, two executives confirmed that property-catastrophe pricing is coming under ...
Above-Average Hurricane Season Predicted: 72% Chance Of East Coast Landfall
The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire ...