Ecuador to Raise Taxes, Sell Assets to Fund Multi-Billion Dollar Quake...
Ecuador will temporarily increase some taxes, sell assets, and may issue new bonds on the international market to fund a multi-billion dollar reconstruction after a devastating 7.8 magnitude quake, a...
View ArticleRe/Insurance CEOs Join Insurance Development Forum, UN & World Bank Initiative
A group of re/insurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and natural...
View ArticleCat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in...
View ArticleHiscox Appoints RMS’ Khare as Group Head of Catastrophe Research
Specialist insurer Hiscox has appointed Shree Khare as group head of Catastrophe Research. Khare will lead the research that directly informs Hiscox’s own view of risk and its underwriting strategies...
View ArticleInsurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted
Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance...
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