News

Flagstone Reinsurance Holdings said losses from natural catastrophes in Australia during the first quarter are expected to be between $60 million and $80 million, while Validus Holdings said last week’s Christchurch, New Zealand earthquake could cost the company between $25 million and $50 million.

Welcome to Morning Minute, a 60 second or less podcast that gives you a preview of the breaking news we’re covering today, Feb. 28, on PropertyCasualty360.com.

United Heartland recently launched a new public Web site, redesigned to better market their workers’ compensation services.

Risk Management Solutions (RMS) released an upgrade to its U.S. Hurricane Model, incorporating new datasets and scientific developments to advance the industry’s view of U.S. hurricane risk.

Warren Buffett bemoaned the continued competition of the soft market, making a critical assessment of chief executives who pursue market volume over underwriting profit as Berkshire Hathaway’s insurance business produced a profit of 38 percent.

ProspX, Inc., developer of an on-demand search and sales collaboration platform for the commercial insurance industry, has completed an $8 million round of Series B funding to further accelerate the company’s growth.