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Analytics to drive new class of ‘agile’ (re)insurers
The adoption of predictive analytics and new technology to re-engineer and modernise business practices could create a new breed of agile carriers, according to panellists at RMS' annual Exceedance conference.
22 April 2014
Early reporters point to favourable Q1
New York-listed (re)insurers Platinum, RLI and Travelers kicked off the Q1 reporting season in an upbeat fashion as benign cat losses and continued reserve releases helped to bolster their bottom lines.
22 April 2014
Future flood models to gain flood defences, hours clauses
RMS has reaffirmed its commitment to its own model development, despite the recent focus on its new RMS(one) platform, the firm said at its annual Exceedance conference last week.
22 April 2014
RMS model catalogue expands with five new partners
Catastrophe risk management firm RMS has signed up five new model providers to its RMS(one) platform ahead of its official release, which is now slated for this autumn, the firm announced last week at its annual Exceedance conference.
22 April 2014
Insurer consolidations add to reinsurance pressures: EY
The reinsurance industry is facing increased pressure as insurers consolidate and become more comfortable retaining their own risks, according to a new study from Cass Business School academics published by professional services firm EY.
22 April 2014
R&Q remains confident of expansion into live underwriting
London-listed Randall & Quilter (R&Q) today (22 April) confirmed a dip in its 2013 pre-tax profit, in part because of lower-than-expected premium revenues from its own Lloyd's Syndicate 1991.
22 April 2014
Chily hires Hyperion’s Behagg
Hyperion's director of transformation Simon Behagg has been hired as chief operating officer (COO) by Grahame "Chily" Chilton for his start-up broker Capsicum Re, sister title Inside FAC revealed last week Normal 0
22 April 2014
Equity Red Star starts new journey with rebrand
Lloyd's motor insurer Equity Red Star today (22 April) renamed itself ERS as part of a rebranding exercise aimed at drawing a line under its troubled past.
22 April 2014
Brindle earns circa $200mn from eight years at Lancashire
Richard Brindle will have earned approximately $200mn from Lancashire Insurance, the company he formed in the aftermath of Hurricane Katrina in late 2005, as he prepares to step down from the London-listed insurer.
22 April 2014
CFC launches cyber product for big corporates
London-headquartered managing general agent CFC Underwriting has launched a new cyber product aimed at large corporates.
22 April 2014
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