“We’ve been working on the development of an open source framework for catastrophe models for the last three years, but the idea for the project originated well before,” said Trevor Maynard, Head of Lloyd’s Exposure Management and Reinsurance team, in …
As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s now an overcrowded field. Ever more …
Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this market, for a number of reasons, has seen changes …
“Many Young people today face an uphill battle,” said David Cole, Swiss Re’s Group Chief Risk Officer and a member of the Group Executive Committee, speaking at the World Economic Forum Press Conference in London. “As a result of the …
A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of Swiss-based Tokio Millennium Re AG (TMR), both with stable outlooks. Best explained that “TMR is a wholly owned subsidiary of Tokio …
Time has taken all those who actually fought in World War I, as well as almost all the people who lived through it. We now examine that war as history, just as we examine other conflicts that have broken out …
David Howden, the chief executive of the London-based Hyperion Insurance Group, founded the company in 1994, “as a business to take on wholesale products in the international market,” he explained in a telephone interview with the IJ. Howden, however, had …
“I don’t think there have been any big changes between Monte Carlo and Baden-Baden,” said James Vickers, chairman of Willis Re International. This isn’t that surprising, given that the two reinsurance meetings are only a little more than a month …
“Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for overseeing the collection of massive amounts of data, the construction of …
EQECAT’s President Paul Little explains how cat models have evolved from the general to the specific and what’s now required to create good ones. He also foresees cellular technology – iPhones, Androids, iPads – enabling insurance buyers to access cat …
