Risk Management News

Sompo Launches Model to Evaluate Wind Farm Risks  

The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind turbines, was created by Sompo Japan …

RIMS 2016: Star Trek Tools, Workers Comp’s Future Help Draw Biggest Crowd in 13 Years

Workers’ compensation, geopolitical risks, recalls, disaster response, the captive industry and cyber security were among the topics of sessions held throughout the final day of the annual RIMS conference for risk management and insurance professionals in San Diego, Calif. The …

RIMS 2016: Sea Level Rise Will Be Worse and Come Sooner

Think sea level rise will be moderate and something we can all plan for? Think again. Sea levels could rise by much more than originally anticipated, and much faster, according to new data being collected by scientists studying the melting …

RIMS 2016: Employee vs. Contractor Debate to Become Even Hotter

The employee vs. contractor debate has the potential to have a major impact on the insurance industry, according to a pair of experts speaking on the topic on Monday in San Diego, Calif. It’s estimated there are 10 million independent …

Tokio Millennium Re Appoints Kull as Chief Risk Officer

Zurich-based Tokio Millennium Re AG (TMR) has appointed Andreas Kull to the role of chief risk officer (CRO) and member of the executive committee, effective immediately. Andreas Kull will succeed Akira Higuma, current CRO, who after five years at TMR …

Bermuda-Based Artex Buys Hexagon Insurance PCC, to Boost ILS Capability

Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC Ltd. and its subsidiaries. All regulatory approvals have been received and the deal is expected to close on March 31, …

Carpenter Launches New Version of Client Portfolio, Risk Management Platform

Guy Carpenter & Co. announced the launch of GC AdvantagePoint® 2.0, the latest release of its client portfolio and risk management platform. With GC AdvantagePoint 2.0, clients are able to easily leverage the technology to make strategic decisions through the …

‘Smart City’ Pilot Project to Test Tools Aimed at Reducing Accidents

The U.S. Transportation Department and NXP Semiconductors NV are joining forces in a pilot project to use communication technology to reduce congestion and speed traffic, they said on Friday. The department said in December that it would award up to …

Etzler Promoted to VP at Ohio-Based Central Insurance

The Central Insurance Companies in Van Wert, Ohio, has promoted Scott Etzler to vice president of Risk Management. Etzler’s responsibilities include chairing the risk management committee, managing Central’s innovation team, directing the company’s reinsurance programs, and coordinating its compliance with …

Chubb Offers ‘Cyber Enterprise Risk Management’ Solution for European Clients

Chubb announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities across Europe. Cyber Enterprise Risk Management as “an end-to-end risk management solution, designed to meet the needs of middle-market and larger …