As the catastrophe bond market continues to expand into new perils and more complex structures, broad and credible modelling coverage becomes highly important. However, reinsurer Swiss Re’s proprietary catastrophe models allow the firm to analyse a wider range of risks, which according to executives expands the “investable universe” while maintaining a well-understood risk-return profile.Artemis recently spoke to Balz Grollimund, PhD, Head of Catastrophe Perils, and Mariagiovanna Guatteri, PhD, Chief Investment Officer of Swiss Re Insurance-Linked Investment Advisors Corp. (SRILIAC), who both explained how Swiss Re’s in-house catastrophe modelling capability works in practice, and how it also supports investment decisions. Across…
Author: Awais
Hartford Casualty Insurance Company filed suit in Delaware on November 1, 2024, seeking a declaration that it owed Meta nothing. Hartford had issued primary coverage to “The Face Book, Inc.” between 2004 and 2007. Sentinel Insurance Company, which covered “Instagram a/k/a Burbn, Inc.” from 2011 to 2012, joined as co-plaintiff. Several Chubb entities also participated, including Federal Insurance Company, which covered Facebook from 2007 to 2016, and ACE Property and Casualty Insurance Company, which issued umbrella policies to Meta as recently as 2023. More than a dozen other insurers were drawn into the case as well.
Federal regulators are planning to suspend enrollment in Elevance's MA plans at the end of March, in a rare and serious threat to the company’s finances.
The father of Laken Riley, who was killed on the campus of the University of Georgia by a Venezuelan man who lived nearby, is accusing the state university system of negligence that he says led to his daughter’s death. Jason Riley filed a wrongful-death lawsuit against the Board of Regents of the University System of Georgia, as well as several property management companies. His daughter, a 22-year-old nursing student, was killed in February 2024, and Jose Ibarra was convicted of murder and other charges in her death. Just over an hour before Riley was killed, Ibarra had looked into the…
A New York state judge on Monday rejected British oil major Shell’s request to throw out an arbitration award that favored Venture Global in a dispute over the American company’s alleged improper sale of liquefied natural gas. Justice Joel Cohen of the state Supreme Court said no additional evidence-gathering was warranted, and the court owed “substantial deference” to arbitral decisions. “Shell’s suggestion that (Venture Global’s) counsel made misrepresentations to the tribunal is pure speculation,” Cohen wrote. “Absent clear and convincing evidence of fraud or misconduct, and none has been presented, Shell’s motion falls at the first hurdle.” The decision effectively…
The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carriers gathered this week in Long Beach, California. S&P Global’s TPM conference is normally a forum where contracts are hammered out, innovations are unveiled, and the competition is fierce to lure attendees for drinks and hors d’oeuvres at sponsored happy hours. Through COVID, Russia’s war in Ukraine and US tariffs, the event also provided informal crisis counseling and camaraderie for those running the world’s…
Editorial Note: Originally published in June 2001, this resource is updated as needed to reflect the latest developments. Key Facts HIV, the virus that causes AIDS (acquired immunodeficiency syndrome), is one of the world’s most serious health and development challenges. Approximately 40.8 million people are currently living with HIV, and tens of millions of people have died of AIDS-related causes since the beginning of the epidemic. Many people living with HIV or at risk for HIV infection do not have access to prevention, treatment, and care, and there is still no cure. In recent decades, major global efforts, PEPFAR (the…
The Tennessee Department of Commerce and Insurance announced personnel changes at the department this week. Michael Barber, with 20 years of experience in the insurance industry, was named director of the Consumer Insurance Services section. Barber joined TDCI in 2018 as a consumer insurance investigator, then worked as consumer insurance services manager, the department said in a statement. In 2025, the consumer section handled more than 5,100 consumer complaints and returned some $15 million to policyholders. Also, Peter Roth joined the department as director of business process improvement. He will oversee ways to streamline processes, improve efficiency and increase productivity…
Bolivia’s security forces have raided at least 22 homes near the site where a military plane carrying millions of dollars in cash crashed last week, seeking to recover banknotes stolen after the accident. At least 24 people died in the crash, most of whom where in vehicles in an avenue near Bolivia’s El Alto International Airport, one of the country’s most important terminals. The plane was carrying newly-printed bank notes totaling 423 million bolivianos ($62 million) for Bolivia’s central bank. The Friday crash scattered millions of bills across El Alto, Bolivia’s second-largest city, drawing thousands of residents to the scene…
A Baton Rouge, Louisiana couple was recently arrested for attempting to defraud an insurance company of approximately $30,000 and on other related charges, the Louisiana Office of the Attorney General announced this week. Agents with Attorney General Liz Murrill’s Louisiana Bureau of Investigation (LBI) found that 48-year-old Rhashiedi Porter, of Laurie Lynn Drive in Baton Rouge, and 37-year-old Sarai Stansberry, of E. Caprice Avenue in Baton Rouge, had allegedly filed a false insurance claim involving a minor parking lot accident. According to the Attorney General’s office, agents learned that Porter and Stansberry had provided sworn testimony claiming they were seat-belted…
As the industry evolves, standout BDMs are more essential than ever – help us spotlight the best in the business
Two transgender men are suing Kansas over a new law that invalidated their driver’s licenses and about 1,700 others for reflecting people’s gender identities and not their sex assigned at birth, arguing that the measure is “dehumanizing.” The men filed their case Thursday, the same day the law took effect, and argue that it violates rights to privacy, personal autonomy and due legal process guaranteed by the Kansas Constitution. The men also are challenging the law’s tough, new enforcement provisions for the state’s 3-year-old policy of barring transgender people from using public restrooms or other single-sex facilities associated with their…
Letters to the Editor is a periodic feature. We welcome all comments and will publish a selection. We edit for length and clarity and require full names. We Have Invested Too Much To Let Research Programs Die Quietly I have dedicated my life to research, but now that work, along with the trust, data, and progress behind it, is at risk (“NIH Grant Disruptions Slow Down Breast Cancer Research,” Feb. 3). As a rheumatologist and researcher, I have spent decades studying lupus — a chronic autoimmune disease that can affect nearly every organ system, producing symptoms that are often unpredictable and difficult to…
The group is betting big on specialty as CEO Greco eyes structural risk growth