Risk Management Solutions

• RMS Models $1.2B of New Issuance

  By Staff Writer  |  May 2, 2013

  Risk Management Solutions has conducted risk analysis for two new catastrophe bonds: Bosphorus Re 1 Ltd. cat bond and the Tar Heel Re Ltd. cat bond, launched in April 2013.

• ‘Core’ Specialty: Core Programs' Apartment-and-Condo Niche

  By Anya Khalamayzer  |  May 1, 2013

  Richard Trezza, president of Morristown, N.J.-based program administrator Core Programs LLC, recalls discovering his own personal niche in the insurance world: “I graduated with a business administration degree, decided I don’t like corporate America and went into my family’s small insurance business,” he says. “That’s how I learned insurance.”

• Boston Terror Attack 'Bound to Have Impact' on Event Cancellation Coverage

  By Chad Hemenway, PropertyCasualty360.com  |  April 16, 2013

  The bombing at the Boston Marathon—the first successful, high-profile terrorist attack in the U.S. since 9/11—could impact the terrorism insurance marketplace, specifically event cancellation coverage.

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  TigerRisk Hires Former Eqecat President Keogh

  By Chad Hemenway, PropertyCasualty360.com  |  March 26, 2013

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

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  RMS Announces Another Update to North Atlantic Hurricane Model

  By Chad Hemenway, PropertyCasualty360.com  |  March 11, 2013

  Catastrophe-risk modeler Risk Management Solutions is preparing the insurance industry for an update to the North Atlantic hurricane model that jolted the perception of possible losses when it was released in 2011.

• New Hires and Promotions at Vertafore, The Hartford, Lockton, Hylant and More - Around the Industry

  By Staff Writer  |  February 28, 2013

  New programs from Allied World and The Mechanic Group, NAS Insurance Services, ISO and Victor O. Schinnerer & Co.

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  The Anatomy of a Loss Estimate: Superstorm Sandy

  By Hemant Shah  |  February 26, 2013

  Superstorm Sandy was an extraordinary weather event, particularly given the destruction produced by its large storm surge in relation to the wind damage. Two weeks following the event, RMS issued its first and only estimate: insured losses would fall between $20 billion and $25 billion. So what goes into producing...

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  Meteor Explodes Over Russia, Shattering Windows and Injuring Hundreds

  By Anya Khalamayzer, PropertyCasualty360  |  February 15, 2013

  A 10-ton meteor collided with Earth’s atmosphere on Friday morning, sending flaming cosmic debris across western Siberia, an area that is relatively sparse in population but home to factories related to defense technology and thermonuclear-weapons production.

• Lockton: Holes in Models Exposed by Superstorm Sandy

  By Chad Hemenway, PropertyCasualty360.com  |  February 7, 2013

  Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

• New Hires and Promotions at Ames & Gough, Hylant, Iron-Starr and More - Around the Industry

  By Staff Writer  |  February 6, 2013

  New programs from Allied World, CompleteMarket, Amerlnst Professional, Adaptick Corp. and Dual Specialty. Philadelphia Insurance Cos. named one of America's Top Workplaces. The Griffith Insurance Education Foundation named new leadership council members.

• The Hanover Seizes Opportunities in Technology Business Market

  By Staff Writer  |  January 29, 2013

  The Hanover Insurance Group is enhancing its technology product suite to help its agent partners seize more opportunities in the market. These enhancements build on the company’s suite of specialized products for small- to mid-sized technology companies, with a focus on its errors and omissions (E&O) offering.

• New Insured Loss Estimate of $18.75B from Sandy: PCS

  By Chad Hemenway, PropertyCasualty360.com  |  January 23, 2013

  Verisk's Property Claim Services (PCS) unit has increased its insured-loss estimate from Superstorm Sandy to $18.75 billion, with a large majority of losses felt in New York and New Jersey.

• CNA Specialty Hires Former Everest National CEO to Lead Unit

  By Chad Hemenway, PropertyCasualty360.com  |  December 26, 2012

  Peter Wilson, president and COO of CNA Specialty, is retiring at the end of the year.

• Holborn: Sandy Losses Might Reach $30B; Models Are Off

  By Chad Hemenway, PropertyCasualty360.com  |  December 14, 2012

  Independent reinsurance-brokerage firm Holborn says insured losses from Superstorm Sandy could reach $30 billion. The firm also says modelers' assumptions of flood losses mistakenly paid by personal-lines insurers are exaggerated.

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  Rebuilding Year: Top 10 Stories of 2012

  By PC360 Staff  |  December 13, 2012

  In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

• ‘Rebuilding Year’: The Top 10 Stories of 2012

  By Staff Writer  |  December 13, 2012

  In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...