Underwriting & Pricing
How to Build Your Own Catastrophe Model
Given the complexity of catastrophe models, at first it might seem impossible for you to build your own. This was certainly the case 10-20 years ago. But technology has changed since the ...Why Build Your Own Catastrophe Model?
Insurers are using the new open loss modeling platforms to build their own catastrophe models for three main reasons: clarity, control and cost. Catastrophe models have become extremely important ...
Reinsurance M&A Intensifies in Competitive Market Environment
The reinsurance industry is in a state of transition as unutilized capital and the threat of alternative reinsurance providers, combined with slowing premium growth and sagging investment yields, ...
CEO Personally Liable for $148M in Unfair Buyout: Delaware Judge
The billionaire chief executive of Dole Food Co. and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware ...
ACE Group Expands E&O Endorsement for Nontraditional Medical Risks
ACE Westchester, the excess and surplus lines business of ACE Group, has announced a new errors and omissions endorsement designed to help medical organizations manage nontraditional risk exposures. ...
Auto Insurance Becoming More Affordable
Personal auto insurance has become more affordable over the last three decades for all income groups, according to a new report from the Insurance Research Council (IRC). The average U.S. consumer ...
Progressive Insurance CEO Renwick Sounds off on Big Insurance Trends
By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view "it's ...
XL Group Acquires Insurer of Amusement Parks, Fairs and Festivals
XL Group Plc will buy up Allied International Holdings, a U.S.-based outdoor entertainment specialty insurer focused on liability coverage for clients who run amusement parks, fireworks, fairs and ...