Scientists in Race to Gauge Pandemic Risk of New Bird Flu April 3, 2013 By Kate Kelland Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil April 3, 2013 By Rajesh Kumar Singh and Manoj Kumar India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in...
AIR Worldwide Announces New Public Risk Services Group April 3, 2013 Catastrophe modeling firm AIR Worldwide has announced the availability of Public Risk Services, which it describes as a “new consulting...
Ascent ‘Ring-Fences’ Cyber Notification Costs to Protect Policy Limits April 3, 2013 Ascent Underwriting, the cyber risks Managing General Agent (MGA) led by Amlin capacity, said it is “to ring-fence cyber breach...
Willis Re Sees Increased Capital Inflows as Threat to Reinsurers April 2, 2013 A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, concludes that “many traditional reinsurers now see...
Torus Receives Approval for Lloyd’s Managing Agency April 2, 2013 Global specialty insurer Torus announced it has received approval from the UK Financial Services Authority and Lloyd’s to launch its...
PERILS Updates European Cat Exposure Database for 2013; 1.9% Rise in Values April 2, 2013 PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an update for 2013 of its...
Death Toll in Tanzania Building Collapse Rises to 30 April 2, 2013 Tanzania’s government says the death toll from a collapsed building in the country’s largest city rose to 30 early Monday....
Hiscox Bermuda Appoints Lazzaro to U.S. Property Cat Team April 2, 2013 Hiscox Bermuda announced that it has expanded its US property catastrophe team with the appointment of Bill Lazzaro as Vice...
Willis Acquires UK Indemnity Specialist Broker Prime Professions April 2, 2013 Willis Group Holdings announced that it has “further enhanced its offering in the executive risk market by agreeing to acquire,...