AIR Worldwide Corporation announced the release of its third generation numerical weather prediction-based (NWP) European Extratropical Cyclone Model. “The update further advances AIR’s industry-leading application of NWP technology to enable insurers to better estimate potential losses from extreme windstorms in …
Zurich-based Converium Holding Ltd. announced that it has agreed in principle to sell its shareholdings in its Danish subsidiary Nordic Aviation Insurance. The buyer is reportedly Australia’s QBE, however, neither Converium nor QBE have confirmed this. Nordic Aviation Insurance is …
In a recently issued bulletin Lloyd’s said it has “reaffirmed its position as the world’s leading specialist insurer with new figures that reveal the global spread of its business in 2005.” According to newly published figures, Lloyd’s notes that in …
The Federation of European Risk Management Associations (FERMA) has issued a timely bulletin on the multiple risks society faces from the threat posed by the avian flu virus H5N1. “A massive outbreak of avian flu will not only affect the …
A team in the U.K. has produced a new wind damage prediction tool called EuroTempest, designed to provide local damage forecasts for European windstorms. An announcement on the Lloyd’s Website (www.lloyds.com) notes that the new model represents a joint effort …
A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the world. Simon Sole, managing …
Ever since Hurricane Katrina devastated New Orleans, 2005 looked certain to be a record-breaking year for insured losses. Swiss Re’s newly issued sigma report has now confirmed the sad fact. According to preliminary estimates (the full and exact figures won’t …
Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his re-cent executive roles with Employers Insurance Group and Fremont Compensation Insurance Group …
Leslie Mallonee Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his re-cent executive roles with Employers Insurance Group and Fremont Compensation …
Former Senior Vice President Johannes (Johs) Worsoe, head of global markets, chairman and CEO of UnionBanc Investment Services, LLC, and chairman and CEO of UBOC Insurance Inc., has been promoted to executive vice president for Los Angeles-based Union Bank of …
