Reinsurance News
CoreLogic
CoreLogic & Munich Re partner on climate risk modelling
24th September 2020
Property information and analytics provider CoreLogic has partnered with Munich Re to model climate risk exposures for individual properties in Australia and New Zealand. The partnership will combine Munich Re’s climate analytical capabilities with CoreLogic’s property data coverage and connection to banking, valuation, insurance and real estate systems. Together, they will aim ... Read the full article
CoreLogic rejects second takeover offer from Senator & Cannae
16th September 2020
Property information and analytics provider CoreLogic has rejected a second acquisition offer from investors Senator Investment Group LP and Cannae Holdings Inc. The two investors, who have been moving to replace CoreLogic’s Board following the rejection of their original proposal, revised their offer upwards from $65.00 to $66.00 per ... Read the full article
CoreLogic appoints Mick Noland to lead global insurance solutions business
14th September 2020
Property information and analytics provider CoreLogic has added Mick Noland as executive, general manager, insurance solutions. Noland will oversee all CoreLogic solutions for the global property insurance industry. He has over 25 years' experience in the property and casualty industry and has previously served in roles at MetLife, The Hartford, USAA, Nationwide ... Read the full article
CoreLogic sets record date for shareholder meeting after pressure from Senator & Cannae
7th September 2020
Property information and analytics provider CoreLogic has set September 18th as the record date for its special meeting of stockholders to be held, following pressure from investors Senator Investment Group LP and Cannae Holdings Inc. The meeting, set for November 17th, will consider and vote on the replacement of up to ... Read the full article
CoreLogic adds Pat Dodd as Chief Operating & Growth Officer
3rd September 2020
Catastrophe risk modeller CoreLogic has announced the appointment of Pat Dodd to the newly-created position of Chief Operating and Growth Officer. Dodd will oversee the firm's enterprise sales, marketing and customer experience operations and will also lead the development and implementation of CoreLogic’s commercial and go-to-market strategies. Dodd brings over 30 years' experience and ... Read the full article
Senator & Cannae request meeting of CoreLogic shareholders
2nd September 2020
Senator Investment Group LP and Cannae Holdings Inc. have delivered written consents to call a special meeting of shareholders to consider replacing a majority of the board members of property information and analytics provider CoreLogic. The move comes after CoreLogic’s board unanimously rejected an offer from Senator and Cannae to ... Read the full article
Hurricane Laura insured wind & surge losses seen at up to $12bn: CoreLogic
28th August 2020
Catastrophe risk modeller, CoreLogic, has released an estimate range of between $8 billion and $12 billion for insured wind and storm surge losses for residential and commercial properties in Louisiana and Texas, as a result of the devastating impacts of Hurricane Laura. The fourth hurricane and first major hurricane of ... Read the full article
Hurricane Laura makes Cat 4 landfall; NHC warns of “unsurvivable” storm surge
27th August 2020
Just before 1am local time, Hurricane Laura made landfall near Cameron, Louisiana, as an extremely dangerous Category 4 storm, packing sustained winds of 150 mph with the potential to impact more than 1 million homes. Hurricane Laura continued to strengthen throughout yesterday, almost reaching Category 5 hurricane status before making landfall ... Read the full article
Hurricane Laura storm surge threatens homes with RCV of $88.6bn: CoreLogic
25th August 2020
As Hurricane Laura continues its path toward the Louisiana coast, catastrophe risk modeller CoreLogic has warned that almost 432,000 single-family and multi-family homes along the Texas and Louisiana coasts are at potential risk of storm surge damage. This analysis is based on Hurricane Laura making landfall as a Category 3 storm, ... Read the full article
Investors Senator & Cannae move to oust CoreLogic board
29th July 2020
Senator Investment Group LP and Cannae Holdings Inc. have initiated a process to call a special meeting of shareholders with the aim of removing and replacing a majority of the board members of property information and analytics provider CoreLogic. The move comes after CoreLogic’s board unanimously rejected an offer from ... Read the full article
CoreLogic’s Q2 organic revenue up 5% as firm sees $15mn COVID-19 impact
24th July 2020
Risk modelling firm CoreLogic has announced a 4% increase in reported revenues to $477 million in the second-quarter of 2020, and organic revenue growth of roughly 5%, up over 2% from the previous quarter. CoreLogic states that revenues were actually up by 15% once normalised for $28 million of second-quarter 2019 ... Read the full article
CoreLogic acquisition stance unchanged after Senator & Cannae meeting
15th July 2020
Property information and analytics provider CoreLogic has held firm on its rejection of an acquisition offer from Senator Investment Group LP and Cannae Holdings Inc. after meeting with the two investors. CoreLogic announced last week that its Board had unanimously rejected an offer to acquire all outstanding common shares for $65.00 ... Read the full article
Senator & Cannae accuse CoreLogic of ignoring shareholders
8th July 2020
Senator Investment Group LP and Cannae Holdings Inc. have accused CoreLogic of ignoring its shareholders, after the property information and analytics provider said yesterday that it had rejected an unsolicited acquisition offer from the investment firms. CoreLogic’s Board unanimously rejected an offer to acquire all of its outstanding common shares ... Read the full article
CoreLogic rejects takeover offer from Senator & Cannae
7th July 2020
Property information and analytics provider CoreLogic has turned down an unsolicited acquisition offer from Senator Investment Group LP and Cannae Holdings Inc. Following consultation with independent financial and legal advisors, CoreLogic’s Board unanimously rejected the offer to acquire all of its outstanding common shares for $65.00 per share in cash. The Board ... Read the full article
Storm surge threatens 7.4mn US homes in 2020: CoreLogic
28th May 2020
Ahead of the 2020 hurricane season, property information and analytics provider CoreLogic has estimated that 7.4 million US homes could be at risk of storm surge and possible mandatory evacuation. Together, these homes have an estimated reconstruction cost value (RCV) of $1.8 million, according to analysts. But with the Atlantic hurricane season ... Read the full article
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