Bermuda-based RenaissanceRe has established a new Bermuda domiciled special purpose insurance vehicle, Upsilon Reinsurance II (Upsilon Re II), to offer additional capacity to the reinsurance market worldwide. The new special purpose ...
Tags: Renaissancere, Special Purpose Insurance, Insurance, Service
4t Networks would like to encourage businesses in Florida to be prepared for hurricane season with a good disaster recovery and backup plan. Those living in Florida already know just how devastating a hurricane can be to a business ...
Tags: 4t Networks, Computer Products, Florida Businesses, Recovery Plan
Computer game platform maker Valve is to port its Steam gaming and distribution platform to Ubuntu Linux in a move intended to protect the company from the impending "catastrophe" of Windows 8. Further reading Developers lose interest ...
Tags: computer game, Valve, gaming, distribution platform, Windows 8
Microsoft Studios has announced the opening of a dedicated mobile device videogame development studio in London. The studio joins the software company's existing three UK-based games development studios; London-based Soho Studios, ...
Tags: Microsoft Studios, Windows 8, Microsoft, Surface
The Critical Metals Report: John, a recent Brookings Institution report suggested that greater collaboration between U.S. and Chinese companies would alleviate tensions over tightening rare earth markets. Is the proposed merger between the ...
Tags: Rare earth, Critical Metals, rare earth markets, REEs
Alterra Capital Holdings, a provider of insurance and reinsurance products, has increased its total capital committed to New Point V Limited to $247m. The sidecar vehicle was established by the company in June 2012 with a capital of ...
Tags: insurance and reinsurance products, sidecar vehicle, additional capacity
December has generated some heat in the European flat steel market with mill in major steel producing countries hiking price by EUR 10 per tonne to EUR 20 per tonne. Combination of supply driven and bid to eke out better price in Q1 2013 ...
Tags: steel market, major steel producing countries, hiking price
The European Commission (EC) wants to impose pension changes that would cost UK businesses £350bn (eURO440bn) and 180,000 jobs, according to research commissioned by the Confederation of British Industry (CBI). Describing the ...
Tags: EC's Pension Proposals, Health, UK Business
A group of hackers has released a file containing unique identification data for over 1 million Apple iOS devices and claim that the information is part of a larger database stolen from the compromised laptop of an FBI agent. "During ...
Tags: group of hackers, database, unique identification data, FBI agent
Severe weather events in the central and southern US has caused increased insured losses of$1bn in April 2012,while economic losses is expected to be much higher,says Aon's'Global Catastrophe Recap'report. According to the study conducted ...
Aon has introduced a fully probabilistic flood catastrophe model for Thailand, aimed to assist global insurers in better understanding risk management exposures. The new model features improved key drivers for understanding flood risk in ...
Tags: global insurers, risk management, Aon, flood catastrophe model
Argo Group International Holdings has posted net income of $24m, or $0.92 per diluted share, up 10% from a net income of $21.6m, or $0.78 per diluted share during the same period last fiscal. Argo Group CEO Mark E Watson III said, "Each ...
Tags: Argo Group International Holdings, net income, underwriting profit
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 ...
The Navigators Group, a commercial property/casualty insurer, has implemented AIR Worldwide's CLASIC/2 and CATRADER modeling technologies to manage its global catastrophe business. The catastrophe models are expected to be used by the ...
Tags: Navigators Group, commercial property/casualty insurer, AIR Worldwide
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 ...