Reinsurance

This years April storm losses were significantly lighter than the past two years when record number of tornadoes touched down in the U.S. causing billions of dollars in damage, according to Aon Benfield.

This years April storm losses were significantly lighter than the past two years when record number of tornadoes touched down in the U.S. causing billions of dollars in damage, according to Aon Benfield.

Risk Management Solutions has unveiled a new, open platform it says will enable insurers to manage models and exposures in minutes rather than months.

Risk Management Solutions has unveiled a new, open platform it says will enable insurers to manage models and exposures in minutes rather than months.

Interest in the catastrophe-bond market is picking up, the investor base is expanding, and non-traditional capacity is pushing down reinsurance-renewal pricing as institutional investors show a willingness to break from price levels set by the traditional market, a new report says.

Munich Re reported forecast-beating net profit of $1.3 billion in the first quarter as low damage claims offset an 11 percent drop in income from investments.