Standard & Poor’s Ratings Services has placed its ratings on 17 natural peril catastrophe bonds (listed below) on CreditWatch with negative implications. S&P explained that it took the action following “Risk Management Solutions Inc.’s (RMS) release of its RiskLink V11 …
The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said Tuesday. RMS said the magnitude 9.0 quake and subsequent flooding probably caused …
International reinsurance broker Guy Carpenter & Co. announced that it will receive a $1.0 million grant from the International Finance Corporation (IFC), a member of the World Bank Group. The grant will be used to help “develop a market for …
A.M. Best Co. has placed under review with developing implications the debt rating of “bb+” on $200 million Series 2008-1 Class A principal at-risk variable rate notes due August 5, 2011, issued by Topiary Capital Limited, which is based in …
In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough to accommodate nine large …
Risk Management Solutions has analyzed the circumstances pertaining to the bombing at Domodedovo airport in Moscow on Monday, which killed 35 people and wounded 180. RMS said the “attack was perpetrated by a lone suicide bomber, who detonated 15 lbs …
