Last year, catastrophe data aggregator and industry loss estimate provider PERILS revealed an extension to its services, with a new methodology that combines its standard data methodology with that of CRESTA CLIX, which the firm’s CEO Christoph Oehy has said will simplify the process for risk transfer use-cases including catastrophe bonds and ILW’s.Back in November, … Read more
Chinese state-sponsored hackers broke into the computers of senior US Treasury Department leaders as part of a recent breach of the agency, according to a US official and another person familiar with the matter. The hackers were able to access unclassified material stored locally on the senior officials’ computers, which were among the laptops and … Read more
On a sunny morning at her home in Pennsylvania Furnace, Diane Albright looks out her living room window. In view is the farm field that was once a part of her late husband’s family’s farmland, and behind that is the line of woods that marks the beginning of the 100-acre woodland she owns and adores. … Read more
For its high annual fee, the rewards offered by the Delta SkyMiles® Reserve Business American Express Card (terms apply, see rates & fees) are a bit underwhelming—but the perks are solid. For business owners and operators who fly Delta often, the card may be worth the cost, but consider carefully. Rewards: Earn 3 miles per … Read more
The softening of the property catastrophe reinsurance market seen at the key January 2025 renewals has been “entirely rational”, according to broker Gallagher Re, despite the fact the decline in risk-adjusted pricing was greater than many reinsurers had planned for.Catastrophe loss-free property reinsurance treaties declined almost across the board, except for a few regions that … Read more
