Aspen Reinsurance's capital markets division has established a new special purpose insurer called Silverton Re to offer additional collateralized capacity to support Aspen Re's global reinsurance business. Bermuda domiciled Silverton Re ...
Tags: Aspen Reinsurance, new special purpose insurer, Silverton Re
EQECAT, a subsidiary of ABSG Consulting, has released version 14 of its catastrophe risk modeling platform, risk quantification & engineering (RQE). The latest version of the platform includes updates to country/peril models, financial ...
Tags: Risk Modeling Platform
Connecticut-based specialty investment management firm, Fermat Capital Management has inked a licensing agreement with EQECAT for use of its Risk Quantification & Engineering (RQE) version 13 catastrophe modeling platform. As part of the ...
A unit of Aspen Insurance Holdings Limited (AHL), Aspen Reinsurance (Aspen Re) has established a new division, known as Aspen Capital Markets, to expand its footprint in the alternative reinsurance market. Aspen Re chief executive officer ...
Tags: Aspen Re, Capital Markets
Hong Kong reinsurer, Peak Reinsurance (Peak Re) has selected AIR Worldwide's catastrophe modeling solutions to manage its catastrophe risk in the Asia-Pacific market. Equipped with a comprehensive catalog of simulated storms, the ...
EQECAT and its consulting services group have introduced new catastrophe risk consulting services for the re/insurance, financial, and corporate markets. The new service involves US Flood Portfolio Analysis and Mortgage Impairment Risk ...
Karen Clark & Company (KCC) has introduced RiskInsight open, a global catastrophe risk management platform to enable insurance and reinsurance firms to build their proprietary views of risk. KCC CEO Karen Clark said, "Companies want a ...
On election eve, hundreds of thousands of people in the Northeast were still without power following Hurricane Sandy, with the hardest hit areas in New Jersey and New York marking an eighth consecutive day without electricity. In addition ...
Tags: glass companies, Hurricane Sandy
ACE and Willis Re Analytics have introduced ACE Cat Web platform to assist companies evaluate their catastrophe exposures, as well as those of their suppliers and customers. The ACE Cat Web Platform uses information on earthquake, storm ...
Tags: ACE, Cat Web, global mapping tool
China Property & Casualty Reinsurance (CPCR) has licensed AIR Worldwide’s (AIR) suite of catastrophe models for China. CPCR deputy general manager Yuanyuan Li said, "AIR offers a full suite of models for China, including a ...
Tags: CPCR, catastrophe model, China, insurance
Hiscox, a Bermuda-incorporated insurance provider has hired Dr Michael Palmer as head of Analytics and research for its Bermuda operation. Palmer will report to Damien Smith, Hiscox Bermuda's underwriting director, and will spearhead the ...
Tags: Hiscox, insurance, Michael Palmer, Bermuda operation
Validus Holdings and Flagstone Reinsurance have inked a deal, in accordance with which the former will acquire all of the issued and outstanding shares of Flagstone in a move to strengthen Validus’ leading property catastrophe ...
Tags: Validus, Flagstone Re, Flagstone Reinsurance