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In finalizing the designations, the council expanded upon the reasons why these two companies were selected.

In the first half of this year, 460 loss-relevant natural hazards occurred, exceeding the 10-year average of 390.

While the overall number of big data initiatives is still relatively small, the majority are centered on modeling, according to a new Novarica report.

Despite catastrophe losses of $20 billion in the first half of this year, reinsurance market rates on line (ROLs) continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report from Guy Carpenter & Co. LLC, a global risk and reinsurance specialist.

Enstar Group Ltd. enters a definitive agreement valued at $692 million to acquire global specialty insurer Torus, which recently appointed Dermot O'Donohoe its new group CEO.

Wynsure system also designed to deliver self-service functions for producers, employers, employees and employee benefits administrators.

Main goal of consultative service will be to create personalized plans for improving financial and operational efficiency, as well as a strategic road map.

While big data operations based in the cloud are attractive, there is at least one voice out there urging executives to be wary of moving away from on-site data storage.

Sector adds 9,900 jobs, the most since January; Janco survey finds healthcare IT sector continues to be a bright spot.

Ebix Latin America says its agreement enables a large number of Brazilian brokers to concentrate on selling insurance while outsourcing their IT needs to an exchange hub.