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Risk Management Solutions (RMS) has made Paul Dali chairman of its board of directors. Dali, a venture capitalist who has previously backed a number of highly successful technology companies, had already served as an advisor to the board for the past year. In addition to Dali, Dr Gerald Held, a corporate director on numerous technology company boards and a former Silicon Valley software executive, joins the RMS board as an independent director. And Dominique Trempont, an executive and board member with a focus on cloud and new media, also joins the board. 6 March 2013
Insurance
Allianz Risk Transfer and Nephila Capital have finalized an agreement securing another three years of risk capacity for Nephila. Under the agreement, Allianz Risk Transfer will continue to assist Nephila in its natural catastrophe and weather risk strategies, providing specialized services, such as balance sheet access, non-recourse leverage and other flexibility that will continue to benefit Nephila’s investors. Nephila said the extension enhances its ability to offer its clients a portfolio of diversified and high quality investment alternatives while continuing to diversify Allianz Risk Transfer’s business lines. 6 March 2013
News
Martin Sullivan, the deputy chairman of Willis Group Holdings and chairman and CEO of the Willis Global Solutions unit, will leave the firm in May 2013, after a transition, to pursue other interests. 20 February 2013
Insurance
The meteor blast in Russia last Friday was a timely reminder of the importance to the insurance industry of catastrophe modelling for extreme events such as meteor strikes and solar flares. 18 February 2013
Insurance
Some 90 percent of all insured losses globally in 2012 occurred in the US – highlighting the continued importance of this market to the insurance industry globally and its influence over capital levels and rates. 30 January 2013
News
Increasingly adverse weather conditions are creating challenges for UK insurers that need to be addressed. The recent cold snap in the UK has already cost insurers millions of pounds in losses. 29 January 2013
Insurance
With a peak in solar and geomagnetic activity expected in 2013-2014, insurers need to work towards a better understanding of the consequences of a space weather event, according to a new report by Aon Benfield. 21 January 2013
Insurance
The Asia Pacific region continues to provide significant opportunities to the insurance industry at a time when many other more established markets are facing problems. That is the view of broker BMS, which has just opened an office in Sydney, Australia. 15 January 2013
Insurance
While the frequency of workers’ compensation claims in the US is expected to decrease further in 2013, in line with current trends, their severity and overall cost to insurers will rise, according to a report by Aon Risk Solutions. 19 December 2012
Insurance
A series of new satellites to be launched by the European Space Agency will provide the insurance industry with new and unique data that will be invaluable to insurers underwriting certain types of risks including some energy and marine business. 13 December 2012
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