The U.S. government should make a determination whether a loss event is an “act of terrorism” in either days or months, depending which sector of the insurance and reinsurance
The World Bank Group is moving ahead with a catastrophe insurance facility that would allow for rapid payouts to stricken countries similar to the programs targeting other natural hazards in
Berkshire Hathaway’s Warren Buffett spent a large portion of his 50th anniversary investor letter [http://www.berkshirehathaway.com/letters/2014ltr.pdf]talking up his vast insurance and reinsurance operations,
Sarah Street, XL Group’s chief investment officer for over a half decade, is stepping down from her position to take on a new role to focus on alternative risk
At the recent Reinsurance Association of America Cat Risk Management conference in Orlando,JB Crozet, head of underwriting at Amlin and Dr. Anders Sandberg, Ph.D, the James Martin Research
When the government declares an event “an act of terrorism” is just as important as how it reaches that conclusion, according to new documents focused on implementation of recently passed
The U.S crop insurance and reinsurance program is facing further scrutiny as the Obama Administration has proposed $16 billion in cuts that private industry backers have vowed to fight
Four windstorms that hit Europe last month — along with severe weather in the U.S.– will likely cause economic losses in the hundreds of millions of dollars, according to Aon
A newly created unit within Berkshire Hathaway Specialty Insurance (BHSI) will be on hiring binge in the coming months as the unit ramps up a group that will overlay the
The board for the Texas Windstorm Insurance Association (TWIA) voted Tuesday to spend up to $130 million on reinsurance during the next windstorm season, with the caveat that the upcoming
Changes in the catastrophe reinsurance program for the second largest U.S. commercial carrier reveals two important factors about the current market: reinsurers are on the ropes in terms of
While global catastrophe losses have hit a five-year low, losses from severe convective storms and hail in the U.S. and North America continued a disturbing upward trend, according
