FEMA Grows Its Flood Reinsurance Plan with $500 Million Cat Bond August 1, 2018 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for...
Oasis Loss Modelling Framework Offered Open Source, Free of Charge July 19, 2018 Not-for-profit catastrophe modeling platform “Oasis Loss Modelling Framework” announced that all components of its catastrophe modeling software are now open...
Goldman Sachs Insurance Head Kumar Joins Guy Carpenter’s GC Securities June 4, 2018 Reinsurance intermediary Guy Carpenter & Co. said it has hired Shiv Kumar as president and global leader of GC Securities,...
Aon’s Carver Joins Guy Carpenter’s UK Non-Marine Team as Managing Director May 23, 2018 Reinsurance broker Guy Carpenter & Co. announced the appointment of Richard Carver as managing director and senior broker in the...
Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered March 1, 2018 Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business...
Guy Carpenter Chairman Newhouse to Retire at Year End November 28, 2017 By Mark Hollmer Guy Carpenter Chairman Britt Newhouse is retiring at the end of 2017, a company spokesperson has confirmed. Newhouse has been...
Marsh & McLennan Total Revenues Up 7% in Q3 October 26, 2017 Global insurance and risk services firm Marsh & McLennan Companies reported financial results for the third quarter that include $3.3...
Once-Stable P/C Insurance Lines Face Headwinds: Guy Carpenter October 23, 2017 While the U.S. property/casualty insurance industry is well capitalized and market sentiment is mostly positive, it still faces economic and...
Carpenter Appoints Yoder to Lead Global Innovation & Product Development October 5, 2017 Guy Carpenter & Co., the reinsurance brokerage subsidiary of Marsh & McLennan Cos., has appointed Claude Yoder as managing director...
Get Very Used to Drone Usage in the Insurance Industry October 4, 2017 By Don Jergler One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones...