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Insurance
Swiss Re has confirmed that it has received the final approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a reinsurance branch in Mumbai. 23 January 2017
Insurance
Property and casualty insurer Hallmark Financial Services has launched a specialty property unit. 19 August 2015
Insurance
The World Bank has launched the Pacific Resilience Program (PREP), a series of projects aimed at strengthening Pacific Island countries’ resilience to natural disasters and climate change. 23 June 2016
Insurance
Endurance Global Weather, part of Endurance Specialty, has completed an innovative, multi-year wind hedging transaction that protects Meridian Energy Australia, an Australian electricity supplier, against fluctuations in its earnings due to the weather. 11 February 2016
Insurance
XL Catlin has opened a reinsurance unit to provide facultative and treaty reinsurance across Africa. 18 July 2016
News
The impact of flood risk keeps rising, affecting more people worldwide than any other type of natural disaster. As flood models improve, the industry has a big opportunity to make a tangible difference to society—but collaboration and teamwork will be key, says Edouard Schmid at Swiss Re. 19 September 2018
Insurance
Economic recovery in many developed countries is expected to generate growth but a cooling of emerging countries’ economies could counteract this. 21 May 2014
Insurance
Reinsurance rates will increase almost across the board in the aftermath of losses from hurricanes Harvey, Irma and Maria as reinsurers “refill the buckets” in anticipation of future cat losses, Axel Freiboth, managing director, North America, Hannover Re, told PCI Today. 16 October 2017
Insurance
The US property/casualty market must focus on a number of long-term challenges that threaten insurers and reinsurers, according to David Sampson, the president and chief executive officer of the Property Casualty Insurers Association of America (PCI). 16 October 2017
Insurance
The recent hurricanes have turned the spotlight on to the importance of flood modelling, which has come a long way in a short amount of time, Pete Dailey, vice president and head of global flood models at RMS, told PCI Today. 16 October 2017
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