Longtime earthquake insurance underwriter SIU Managers is now EQ One. The new name and brand was announced on the Los Angeles firm’s 20-year anniversary, ushering in a new era of streamlined service and ongoing growth and expansion. “Since 1999, SIU has stood for excellence, integrity, and underwriting strength,” said Sean McConlogue, President of Alliant Underwriting… Continue reading SIU Managers Rebrands As EQ One
Tag: earthquake insurance
ILS Growth to $93B in 2018 Bodes Well for A Continued Healthy Market: Willis Re
Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company. In the face of… Continue reading ILS Growth to $93B in 2018 Bodes Well for A Continued Healthy Market: Willis Re
Alliant’s Kelley Bernal Is A Business Insurance Woman to Watch
Kelley Bernal, Senior Vice President within Alliant’s SIU division, has been honored as one of 2018’s Women to Watch by Business Insurance. A proven underwriter and earthquake insurance expert, Bernal was honored on the strength of her visionary leadership both as the Director of SIU and among young and emerging insurance professionals. “Kelley has the… Continue reading Alliant’s Kelley Bernal Is A Business Insurance Woman to Watch
Axa XL Commits to Using More ILS Capacity to Continue De-Risking; Raises Profit Targets
Axa XL will continue de-risking its cat exposures in 2019 through increased use of ILS, selective underwriting and more reinsurance purchasing, Axa XL CEO Greg Hendrick explained on Wednesday. Speaking to investors in London, he committed the firm to continuing a “significant reduction” of net nat cat exposures in line with the group’s reduced cat… Continue reading Axa XL Commits to Using More ILS Capacity to Continue De-Risking; Raises Profit Targets
Willis Research Network Announces Renewed Partnership with the Global Earthquake Model Foundation
The Willis Research Network (WRN) is proud to announce its renewed partnership with the Global Earthquake Model (GEM) Foundation. The agreement represents a continued commitment to working collaboratively in order to develop and promote better understanding of earthquake risk. Karl Jones, Head of Catastrophe Analytics, Willis Re International said of the partnership, “The truly global… Continue reading Willis Research Network Announces Renewed Partnership with the Global Earthquake Model Foundation
InsurTech Jumpstart Launches A New Hassle-Free Approach to Natural Disaster Recovery
Debuting at InsureTech Connect, Jumpstart announces the official launch of an innovative type of natural disaster insurance in California – initially for earthquakes. Using its technology, Jumpstart is the first parametric InsurTech company in the U.S. for earthquakes and aims to provide a broad base of customers with affordable, hassle-free coverage to help families and… Continue reading InsurTech Jumpstart Launches A New Hassle-Free Approach to Natural Disaster Recovery
Home Price Appreciation in Highest-Risk Natural Hazard Cities 1.7 Times the Overall Market Rate Over Last Decade
ATTOM Data Solutions, curator of the nation’s premier property database, today released its 2018 U.S. Natural Hazard Housing Risk Index, which found that median home prices in cities with the top 80th percentile for natural hazard housing risk have appreciated 40 percent on average over the last 10 years — 1.7 times the 24 percent… Continue reading Home Price Appreciation in Highest-Risk Natural Hazard Cities 1.7 Times the Overall Market Rate Over Last Decade
Fearing Massive Earthquake, California Considers Requiring Lists of Buildings Most Likely to Collapse
Structural engineers and seismic experts in California can drive along a street and quickly identify at least some buildings most vulnerable to collapse in a major earthquake. There are some telltale signs: parking spots under apartments, brick walls that have not been reinforced, first floors held up by flimsy poles. But it’s harder for the… Continue reading Fearing Massive Earthquake, California Considers Requiring Lists of Buildings Most Likely to Collapse