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German reinsurer Munich Re said it had agreed to buy a business that helps manage weather risks for the energy sector from reinsurer RenaissanceRe.

RenaissanceRe reports 2013 first-quarter net income fell to $190.5 million compared to $201.4 million for the same period a year ago, as decreases in underwriting income, written premiums and investment income offset an improvement in weather and energy risk-management operations.

Reinsurance broker TigerRisk Partners has landed former Eqecat president Bill Keogh to become part of the firms Decision Support Team.

Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.

Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.

Fewif anyindustries would seem to face a greater existential threat from the effects of climate change than insurance. As flood waters rise, as hurricanes and tornadoes grow more intense and as droughts last longer, trillions of dollars of insured assets are at risk. In the ugliest scenario imaginable, even the...

Five more Bermuda-based insurers and another from Switzerland have chimed in with expected catastrophe losses from Superstorm Sandy.

After taking its time to consider the many variables it said would prevent a quick assessment, catastrophe-modeler Risk Management Solutions has finally released its estimate of insured losses due to Superstorm Sandy: between $20 billion and $25 billion.