Market News
AON Benfield Expands Reinsurance Team in Bermuda
AON Benfield has announced the expansion and new management structure of its Bermuda team to optimize the increasing opportunities for clients and markets to deploy capital and expertise on the island. Key to the initiative, Matthias Meyenhofer will join the firm as CEO of AON Benfield Bermuda. Read More
Milliman Responds to Growing Demand for Property Insurance Analytics
Milliman has announced the addition of Property & Casualty (P&C) expertise in its Tampa office in response to the growing demand for property insurance analytics. Consulting actuary John Rollins will lead the Tampa P&C team, bringing 27 years of experience to the role and specializing in catastrophe-exposed property and flood insurance. Read More
New "Cyber-Physical" Risk Modeling for Property Insurers
According to RMS, the risk of insurance losses through physical damage to property increases as hackers target control systems linked to the Internet. The firm has responded with a new class of "cyber-physical" risk models that explore a range of cyber-attack scenarios that can lead to physical property damage. Read More
Pinnacle and Carfax Connect To Deliver Data Analytics to Auto Insurers
Pinnacle Actuarial Resources and Carfax Banking & Insurance have launched a data analytics group to deliver actionable, data-driven insights to automobile insurers to help them benchmark their book of business against the broader market and identify adverse selection trends in areas such as annual mileage, ownership history, and damage events. Read More
Captive Insurance Is a Strategic Tool for Managing Hospital Cyber Risk
In a recent interview, Cleveland Clinic's Executive Director of Enterprise Risk and Insurance, Charles Kolodkin, and Clearwater Compliance's CEO, Bob Chaput, discuss steps in developing a hospital cyber risk management strategy and share how captive insurance companies prove to be critical in the ongoing effort to manage and reduce cyber risk. Read More