News

News

California still under-insured 20 years after Northridge

20 years on from the Northridge earthquake, Californian economic losses from a quake of similar magnitude continue to far outstrip insured losses from such an event.   17 January 2014

article

Brakes applied on Biggert-Waters flood reforms

Flood insurance rate increases may be delayed if the US Senate approves a massive government spending bill. This may scupper or delay hopes that new US flood risks can be brought into the private market.   17 January 2014

News

Long-term thinking is vital to confront global risk

According to the World Economic Forum's Global Risks 2014 report, top risks are socioeconomic and environmental, including income disparity, global governance failure and extreme weather risks.   16 January 2014

News

AM Best withdraws Arden Re ratings

Arden Re, whose insurance and reinsurance segments were sold to Goldman Sachs, had financial strength and issuer credit ratings of “A-“ and “a-“ respectively.   15 January 2014

article

Ironshore brings international liability solution to market

Ironshore’s US specialty casualty unit has launched an excess casualty solution for US companies with international operational risk exposure.   15 January 2014

News

Aon Benfield appoints Chicago business leader

Stephen Hofmann will be responsible for driving business growth, managing client teams, and creating and maintaining a business environment that is supportive to optimising client results.   14 January 2014

ILS

Everest Re’s Special Purpose Reinsurer reaches $370 of capacity

Special purpose reinsurer Mt. Logan Re, formed last year by Everest Re to provide collateralised capacity to the property catastrophe reinsurance market, has secured additional funding.   14 January 2014

article

Two-thirds of ILS investors in for the long-haul

Roughly two-thirds of ILS investors are believed to be making long-term strategic allocations to the sector, recognising the diversifying and uncorrelated nature of the asset class.   13 January 2014

article

ACP Re under negative review following Tower move

AM Best has placed ACP Re’s A- (Excellent) rating under review with negative implications following its decision to acquire troubled Bermuda-based insurer, Tower Group.   13 January 2014

News

PCS remains focused on its core offering

Despite the recent headlines relating to its involvement in ILS, Property Claim Services remains committed to its core value of providing catastrophe loss data to the traditional market.   13 January 2014

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