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Insurance
While global insurance hubs such as London (including the Lloyd’s market) and Bermuda remain at the forefront of innovation for the industry, times are changing and the location of people’s desks is less important than it once was. 25 June 2014
Insurance
New flood data from JBA Risk Management has enabled UK homeowners in high flood risk areas to get insurance cover for their excesses for the first time. 13 March 2015
Insurance
Specialist lines underwriting agency CFC has strengthened its cyber product suite with an online hub that enables brokers to deliver an end-to-end solution to their clients. 3 September 2015
Insurance
Catastrophe modelling firm AIR Worldwide has introduced a new inland flood model for Japan, which it believes is the first of its kind in the sense that it is able to factor in all types of precipitation, Milan Simic, the firm’s executive vice president and managing director, international operations, told SIRC Today. 30 October 2017
Insurance
Although Munich Re issued a profit warning in September as a result of the Fall nat cat events in Mexico and the US, it is still not ready to release figures for the losses. Hermann Pohlchristoph, a member of Munich Re’s Board of Management, said in a press briefing at Baden-Baden that the company was reluctant to be the first to release such figures. 24 October 2017
Insurance
Brit, the global specialty insurer, has now completed its move to The Leadenhall Building on Leadenhall Street, London EC3V. 17 February 2016
Alternative Risk Transfer
Bermuda has solidified its place as the go-to location for insurance-linked securities in recent years, according to Brad Adderley, corporate partner at offshore law firm Appleby. 30 August 2018
Alternative Risk Transfer
RMS has launched a new so-called Cat-in-a-Box, cloud-based app which allows users to independently assess and underwrite parametric contracts for a small group of cedants, brokers, and underwriters to re/insurers or insurance-linked securities (ILS) funds. 7 April 2016
Insurance
Atlas General Insurance Services, a national multi-line programme manager, has formed a new specialty division which will be headed by Scott Polkinghorne, who will be based in New York. 12 February 2014
Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
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