Risk Management Solutions announced that it has successfully conducted the expert risk analysis for the second issuance of the Atlas VI bond (Series 2010-I Class A Notes) sponsored by French reinsurer SCOR Group. The issuance was “upsized during marketing to …
Liberty International Underwriters U.S. (LIU) has launched an Excess and Surplus Lines (E&S) Property product. This product provides wholesale brokers with a new market for their clients’ commercial property business and targets their mid- and large-sized property portfolio risks with …
Petersen International Underwriters has launched a new type of insurance known as Corporate Accumulation Death and Disability Insurance. This insurance protects firms that may have a sizeable accumulation of employees or principals in one location from the concerns of a …
A California Assemblyman has proposed a bill aimed at preventing pipeline explosions like the natural gas blast that killed eight people in Northern California. A bill introduced by San Mateo Assemblyman Jerry Hill would require utilities to share their emergency …
Floods, Windstorms, Droughts, Heat Waves and Wildfires There was a time in the not-so-distant past when events such as these would have been considered somewhat unusual in Europe. But these days, extreme weather events are becoming a much more common …
Richard Ward hosted a cocktail reception to celebrate the opening of Lloyd’s new office in Toronto on Tuesday November 30. Lloyd’s noted that it has been a “leading provider of commercial insurance in the Canadian market for many years and …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of China Taiping Insurance (New Zealand) Company Limited (CTPNZ), both with stable outlooks. The ratings reflect CTPNZ’s “adequate risk-adjusted capitalization, notable improvement …
According to initial estimates from Swiss Re’s sigma research team, worldwide economic losses from natural catastrophes and man-made disasters totaled $222 billion in 2010; more than triple the 2009 figure of $63 billion. The cost to the global insurance industry …
Many of Alabama’s personal and commercial lines insurers have established the Alabama Insurance Information Service (AIIS), a not-for-profit, non-lobbying trade association to provide news and information to the public. AIIS is based in Montgomery and plans to work primarily through …
The 2010 Atlantic hurricane season, which ends tomorrow, was one of the busiest on record, according to the National Oceanic and Atmospheric Administration. In contrast, the eastern North Pacific season had the fewest storms on record since the satellite era …
