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What if 1989’s Loma Prieta Earthquake happened today?
Same earthquake hitting the Northeast Bay today could create a $27bn insured loss and a $184bn economic loss in the heart of Silicon Valley, according to an RMS catastrophe modelling study
Samengo-Turner appointed global fac leader at Guy Carpenter
He steps up to the global fac role in London after leading Marsh JLT Specialty Asia in Hong Kong, where a replacement has already been found
Climate risk: new PRA requirements come into force
New requirements to enhance insurers’ approaches to managing the financial risks from climate change came into effect on 15 October from the UK’s Prudential Regulation Authority
Arig seeks shareholder vote on underwriting cessation, appoints interim CEO
Central Bank of Bahrain has advised the country’s stock exchange to resume trading of Arig shares, suspended since 14 May
MS Amlin bails out of the aviation insurance market
London market re/insurer MS Amlin has confirmed its exit from the aviation insurance market, putting its portfolio into runoff
New CFO and COO appointments at PartnerRe
Reinsurer PartnerRe has announced executive leadership changes
Insurance M&A surpassed $4bn in August – GlobalData report
Total insurance industry M&A deals announced in August 2019 globally were worth $4.04bn, according to GlobalData’s deals database
Dorian ties as strongest Atlantic hurricane – Aon cat report
Tropical cyclones Dorian, Imelda, Faxai each poised for multi-billion-dollar economic losses, according to Aon
Cyber terror task force set up by the Geneva Association
New cyber terrorism task force formed by International Forum of Terrorism Risk (Re)Insurance Pools and the Geneva Association
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