Demand for weather risk management tools – futures, derivatives and insurance – continues to be strong worldwide, according to The Weather Risk Management Association (WRMA), the international trade group representing the weather risk industry. The results of WRMA’s latest industry …
Boston-based AIR Worldwide Corporation announced a collaboration agreeement with the China Earthquake Administration’s (CEA) Institute of Geology to research active faults and conduct “paleoseismic studies” in China. AIR said the findings of the research would enhance its China earthquake model …
Standard & Poor’s Ratings Services has assigned a “BBB+” rating to RenRe sidecar – Starbound Re II Ltd’s.proposed bank loans. Starbound II is a limited-life, special-purpose Class-3 reinsurance company, domiciled in Bermuda and set up specifically to provide additional capacity …
Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on the insurance industry. Even so, most insurers have just begun exploring the issue of climate …
What insurers in U.S. and worldwide are doing to address the effects of climate change Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on …
A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating of “aa+” of Japan’s Tokio Marine & Nichido Fire Insurance Company Limited (TMNF), with a stable outlook. The ratings reflect TMNF’s strong risk-adjusted …
International business expansions deliver new exposures, new concerns Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers, brokers and their clients …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers, brokers and their clients are asking what is involved in the need …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
