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Insurance
The insurance-linked securities (ILS) market has evolved quickly in recent years with its investors becoming vastly more sophisticated—which their reaction to the recent hurricane losses has proved, according to Richard Lowther, chief operating officer at Hiscox Re ILS. 15 October 2017
Insurance
The scale of the protection gap in the US highlighted in the aftermath of the recent hurricanes could help nudge the political conversation around how future disasters are financed towards a greater willingness to involve the private sector in risk mitigation. 15 October 2017
Insurance
Risk modelling and analytics firm RMS has expanded its range of cyber models to include scenarios where cyber-attacks can cause physical damage to property. 6 April 2017
Insurance
Risk modelling company RMS has appointed Colin Kerley as senior vice president of platform solutions. 4 April 2017
Alternative Risk Transfer
Christchurch City Council is considering insurance-linked securities (ILS) to increase its insurance cover for underground assets such as water and waste pipes. 8 July 2019
Insurance
The UK’s Solicitors Regulation Authority (SRA) is proposing to remove the current “one-size-fits-all” rules on professional indemnity insurance (PII), enabling firms “to take out cover that better reflects the work they do.” 26 March 2018
Insurance
American International Group (AIG) has appointed Peter Zaffino as executive vice president, global chief operating officer. 6 July 2017
Insurance
Zurich Insurance Group has announced that Michel Liès will succeed Tom de Swaan as new chairman of its board. Swaan has been a member of Zurich’s board since 2006 and chairman since 2013. 6 July 2017
Insurance
The US workers’ compensation market remains profitable for insurers, but pricing pressure on rates will inevitably erode performance, according to a report by Fitch Ratings. 30 October 2018
Insurance
As the US braces for Hurricane Irma, the re/insurance industry is preparing itself for the fallout from what could be one of the most costly losses to hit the industry in decades—and the big question is how alternative capital providers will react if losses escalate. 10 September 2017
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