Only 4% of asset managers rely exclusively on VaR

Liberty Mutual Reinsurance and Safehub launch parametric product for earthquake risk

Baltimore takes on ship owners' attempts to limit liability over bridge collapse

Representatives from the city said the ship's owners were "grossly and potentially criminally negligent"

Personal lines to drive improved US P&C market profitability this year

But Swiss Re's economists have said commercial lines face uncertainty

Potential "extremist" European Parliament threatens pro-insurer legislation

MEP Isabel Benjumea also critiques Europe's constant regulatory review approach

Saga's interim risk director Stephen Wilcox names his successor