Conan Ward has resigned as CEO and executive vice president Validus Re, the reinsurance subsidiary of Validus Group, according to a filing [http://www.sec.gov/Archives/edgar/data/1348259/
Insurers are years away from directly using a key atmospheric index to predict future European windstorms, according to the catastrophe data consortium PERIS AG. The North Atlantic Oscillation Index (NOA)
There will be limited insured exposure to a 6.0 magnitude earthquake that struck Italy early Sunday despite being the strongest tremblers to hit the country since the 2009 L’
Insurers have paid out over $2 billion in claims from the storms that hit Joplin, Missouri as local regulators warn that the one year anniversary also brings the deadline for
This story was update with an additional comment from a CEA spokeswoman. Staff at the California Earthquake Authority (CEA) received approval to issue up to $300 million in additional catastrophe
A weekend convective storm outbreak in the U.S. Midwest– including 122 tornados in a 24 hour period between April 14 and April 15 — will likely result in the most
While capital may be stable, reinsurers continue to lose long-term profit ground. Return on equity (ROE) for the reinsurance industry hit new post financial crisis lows in 2011 as
U.S. insurance programs with catastrophe exposure averaged between 10 percent and 20 percent increases in the first quarter of 2012, according to a insurance briefing issued [http://usa.marsh.
The international private reinsurance market is slowly warming to the idea of backing catastrophe microinsuance policies and weather products, according to a study released by the Munich Re Foundation [http:
Over 70,000 claims adding up to $1.1 billion in insured losses are tied to a severe weather outbreak that moved across the U.S. Midwest and Southeast in
At least 890 million people that live in urban areas are exposed to at least one major risk of natural disaster, according to a new report issued by the United
The reported 129 tornadoes that struck the central and southeast U.S. between March 2 and March 3 would place the outbreak as the highest number storms during the month
