AIR Worldwide

AXIS Promotes Kyle Freeman to Head of ILS

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Insurance, Finance, AXS, AXA, Knowledge, USAA, Head, JPMorgan Chase, AXIS, AIR, AIR Worldwide, XL, Management

AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) announced today that it has appointed Kyle Freeman as Head of AXIS ILS, effective immediately.

Key Points: 
  • AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) announced today that it has appointed Kyle Freeman as Head of AXIS ILS, effective immediately.
  • “Kyle is a valued leader within the AXIS organization who has extensive knowledge and experience in ILS, working with the investor community, and creating alternative reinsurance structures.
  • “We look forward to the continued development of our ILS initiatives under Kyle’s leadership, programs that will be essential to AXIS advancing its leadership position in specialty.”
    Mr. Freeman joined AXIS in 2021 as Head of ILS Structuring, Property, and was responsible for managing existing investor relationships as well as capital invested in property catastrophe sidecars, catastrophe bonds, joint ventures, and other ILS structures.
  • Prior to AXIS, Mr. Freeman served as Head of North America Programs Pricing for AXA XL.

Atlas Air Worldwide Releases 2022 Environmental, Social and Governance Report

Retrieved on: 
Wednesday, June 7, 2023
Employee handbook, Learning, HUBZone, Social impact, Green Building Initiative, Culture, Aviation, CVG, Aircraft, Equity, Social Security Government Pension Offset, AIR Worldwide, Universities Canada, Organization, Student, Refugee, Health, Atlas Air, DEI, Weather, Environmental stewardship, Social, ESG, Community engagement, Mental health, Boeing 747-8, Renewable energy, Tourism, Jet fuel, Management

PURCHASE, N.Y., June 07, 2023 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc., a leading global provider of outsourced aircraft and aviation operating services, announced the release of its 2022 Environmental, Social and Governance (ESG) Report today.

Key Points: 
  • PURCHASE, N.Y., June 07, 2023 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc., a leading global provider of outsourced aircraft and aviation operating services, announced the release of its 2022 Environmental, Social and Governance (ESG) Report today.
  • And nowhere is this promise better exemplified than in the progress we have made on our ESG journey,” said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide.
  • “The progress showcased in this report is made possible because of the drive, innovation and dedication our Atlas team.
  • To learn more about Atlas Air Worldwide’s ESG efforts, view the Company’s 2022 ESG Report .

FutureProof Augments Team to Bring Fresh Approach to Risk Starting with Florida Homeowners Insurance

Retrieved on: 
Wednesday, October 26, 2022
Software, Natural Disasters, Insurance, Environment, Finance, Climate Change, Professional Services, Technology, API, Insurance, AIR, Risk, Hippopotamus, PURE, Double-barrelled name, Tropical Storm Ian, Entrepreneurship, Technology, Catastrophe, Nationwide, Norton, CEO, Ferrari, Wind, AIR Worldwide, MGA, Reinsurance

FutureProof Technologies has announced two key hires to support the launch of a Florida E&S homeowners product through its algorithmic underwriting MGA.

Key Points: 
  • FutureProof Technologies has announced two key hires to support the launch of a Florida E&S homeowners product through its algorithmic underwriting MGA.
  • FutureProofs API delivers quotes to wholesale brokers instantly based on its innovative view of risk, beginning in the Florida homeowners insurance market.
  • Norton commented, The insurance crisis in Florida, coupled with impacts from Hurricane Ian, underscore the urgent need for a sharper view of risk.
  • The Florida insurance crisis is not just about climate risk, but also about factors such as unmodeled social inflation and litigation costs.

Verisk Estimates Insured Industry Losses for M7.3 Namie, Japan, Earthquake

Retrieved on: 
Thursday, March 24, 2022
GLOBE, Headquarters for Earthquake Research Promotion, AIR Worldwide, AIR, JPY, Seismicity, Japan Trench, Tunnel, Risk management

Early reports suggest that more than 580 buildings in Fukushima Prefecture and more than 570 buildings in Miyagi Prefecture were damaged.

Key Points: 
  • Early reports suggest that more than 580 buildings in Fukushima Prefecture and more than 570 buildings in Miyagi Prefecture were damaged.
  • The Verisk Earthquake Model for Japan, last updated in 2021, incorporates Japans Headquarters for Earthquake Research Promotions (HERPs) view of seismic hazard in some cases as well as its own insights into the seismicity and ground motion model.
  • The epicenter of the mainshock was located ~100 km from the epicenter of the March 11, 2011, M9.0 Tohoku earthquake .
  • Verisks insured loss estimates include:
    Insured physical damage to onshore property (residential, commercial/industrial, mutual), both structures and their contents, and from ground shaking, fire-following, and liquefaction
    Verisks insured loss estimates do not include:

RiskSpan and Verisk Collaborate to Offer Climate Risk Analytics for Mortgage Finance

Retrieved on: 
Monday, February 7, 2022
Pandemic, Industry, Terrorism, Risk management, Insurance, Climate, Solution, Software, Decision-making, Risk, Data management, Housing, AIR Worldwide, AIR, Climate change, Extreme, Partnership, Pressure, Weather, Verisk Analytics

ARLINGTON, Va., Feb. 7, 2022 /PRNewswire/ --Mortgage analytics firm RiskSpan has collaborated with Verisk to create a first-of-its-kind solution for measuring and mitigating the risks of climate change to the housing finance industry.

Key Points: 
  • ARLINGTON, Va., Feb. 7, 2022 /PRNewswire/ --Mortgage analytics firm RiskSpan has collaborated with Verisk to create a first-of-its-kind solution for measuring and mitigating the risks of climate change to the housing finance industry.
  • "We are excited to layer Verisk's unique property risk scoring into our existing credit and portfolio risk framework."
  • "We are thrilled to bring the powerful climate and hazard risk analytics of Verisk to our clients," said Bernadette Kogler, chief executive officer, RiskSpan.
  • "The collaborative solution will bring together the best extreme event models, data and climate analytics to the mortgage finance industry," concluded Bill Churney, president, Verisk's Extreme Event Solutions unit.

Global Average Annual Insured Losses from Extreme Events in Excess of $100 Billion, New Report Finds

Retrieved on: 
Monday, October 25, 2021
IPCC, Research, VRSK, Industry, Knowledge, AIR Worldwide, Intergovernmental Panel on Climate Change, Climate change, EP, Insurance, Wind, Pandemic, Risk, Software, Growth, Frequency of exceedance, Lists of disasters, Nasdaq, Solution, Improvised explosive device, AIR, GLOBE, Terrorism, AAL, Churney

AIR estimates that on an annual average basis, catastrophes around the world are expected to cause about $106 billion in insured losses.

Key Points: 
  • AIR estimates that on an annual average basis, catastrophes around the world are expected to cause about $106 billion in insured losses.
  • Our report shows that the global insurance industry should currently expect a long-run annual average loss of $106 billion.
  • Global economic losses include insured and insurable losses, as well as losses from non-insurable sources, which may include infrastructure and lost economic productivity.
  • Based on its research, AIR has determined that global economic losses are about three times higher than global insured losses on average, when trended to 2020 dollars.

Marsh McLennan Launches Global Cyber Risk Analytics Center

Retrieved on: 
Thursday, October 14, 2021
Software, Insurance, Internet, Consulting, Data Management, Professional Services, Technology, Security, Leadership, Government, Organization, MMC, Center, Solution, Environment, LinkedIn, Private sector, Risk, Computer science, AIR, Mathematics, Marsh McLennan, Insurance, Heidelberg University Faculty of Mathematics and Computer Science, NYSE, The Center, Society, MIT, Workforce, Risk management, Investment, AIR Worldwide, CEO, Twitter, Ecosystem, Weapon

Today, Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy, and people, announced the launch of its Cyber Risk Analytics Center, an enterprise-wide resource that brings together the cyber risk data, analytics and mitigation expertise of its Marsh, Guy Carpenter, Mercer, and Oliver Wyman businesses to provide clients with a comprehensive view of their cyber threats, the maturity and availability of their existing and future controls, and the economic impact of their risk.

Key Points: 
  • Today, Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy, and people, announced the launch of its Cyber Risk Analytics Center, an enterprise-wide resource that brings together the cyber risk data, analytics and mitigation expertise of its Marsh, Guy Carpenter, Mercer, and Oliver Wyman businesses to provide clients with a comprehensive view of their cyber threats, the maturity and availability of their existing and future controls, and the economic impact of their risk.
  • Our investment in the Marsh McLennan Cyber Risk Analytics Center will help clients confront this risk by connecting them with experts and capabilities from across our businesses, data-driven insights, and a global ecosystem of risk and cybersecurity experts.
  • Marsh McLennan advises clients throughout the cyber risk management lifecycle by providing tools and services that help clients objectively measure and quantify their cyber risk exposure; delivering risk transfer and mitigation solutions that protect companies while preserving capital; and assisting with incident response during and after cyber events.
  • Through the Cyber Risk Analytics Center, Marsh McLennan will advance the broader cyber modeling and analytics ecosystem to help societies manage cyber risk, said Mr. Stransky.

AM Best’s Annual Europe Insurance Market Briefing to Examine State of Industry; New Scor CEO to Deliver Keynote Address

Retrieved on: 
Friday, October 8, 2021
Banking, Professional Services, Insurance, Finance, ESG, COVID-19, AIR, Credit, IFRS 17, Industry, Law, AIR Worldwide, General officer, Jean-Jacques Rousseau, AM Best, IFRS, News, GMT, Legal & General, EMEA, AM, Insurance, ALL, Management, Risk management

Laurent Rousseau, the newly appointed chief executive of Scor, will be the keynote speaker at AM Bests annual Europe Insurance Market Briefing and Methodology Review Seminar in London.

Key Points: 
  • Laurent Rousseau, the newly appointed chief executive of Scor, will be the keynote speaker at AM Bests annual Europe Insurance Market Briefing and Methodology Review Seminar in London.
  • This year delegates will also be able to follow the event virtually with an online registration.
  • To register for an in-person or virtual place at the briefing and seminar, or for more information, please visit https://www.ambest.com/conferences/imbeurope2021 .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Verisk’s AIR Worldwide Updates Losses for Hurricane Ida to Include Impacts of Inland Flooding

Retrieved on: 
Monday, September 13, 2021
Wind, National Flood Insurance Program, Hurricane Ida, Electricity, Insurance, Building material, Software, Risk, USD, Leakage, Uncertainty, CDT, Pandemic, Industry, Car, Soil, Solution, Terrorism, AIR, Hurricane Henri, Loss, GLOBE, VRSK, Vandalism, AIR Worldwide, Tree, Property insurance, Dredging, Risk management

AIR now estimates that Idas insured industry losses will range from USD 20 billion to USD 30 billion.

Key Points: 
  • AIR now estimates that Idas insured industry losses will range from USD 20 billion to USD 30 billion.
  • AIR estimates wind and storm surge losses will range from USD 17 to USD 25 billion, and private-market insured losses from inland flooding will range from USD 2.5 billion to USD 5 billion.
  • The remnants of Hurricane Ida doused the Northeast and caused flooding damage and disruption across the region.
  • AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia.

Verisk’s AIR Worldwide Estimates Insured Losses for Hurricane Ida Will Range from USD 17 Billion to USD 25 Billion

Retrieved on: 
Friday, September 3, 2021
AIR Worldwide, Building, Solution, IBC, AIR, Loop Current, Pandemic, Software, Building material, Wind, Insurance, GLOBE, Terrorism, Hurricane Ida, Hurricane Katrina, Population, Nasdaq, Tropical cyclone, VRSK, Water, Category, Risk, Port Fourchon, Louisiana, Adoption, Industry, Renewable energy, Property insurance, Oil

AIRs modeled insured loss estimates include insured physical damage toproperty (residential, commercial, industrial, auto), both structures andtheir contentsfrom winds, wind-borne debris, storm surge, and the impact of demand surge.

Key Points: 
  • AIRs modeled insured loss estimates include insured physical damage toproperty (residential, commercial, industrial, auto), both structures andtheir contentsfrom winds, wind-borne debris, storm surge, and the impact of demand surge.
  • In practical terms, New Orleans experienced strong winds onthe order of 90to100 mphdue to the largewindfieldand a slow decay of the storm.
  • AIR Worldwide (AIR) provides risk modeling solutions that make individuals, businesses, and society more resilient to extreme events.
  • AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia.