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AIR Worldwide Releases Updated Multiple Peril Crop Insurance Model for China

AIR Worldwide Releases Updated Multiple Peril Crop Insurance Model for China

Boston, Sept. 22 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide (AIR) today announced that it released an updated Multiple Peril Crop Insurance (MPCI) Model for China to support probabilistic assessments for five newly modeled crop lines of business and a newly modeled sub-peril. This update also includes a new livestock module that adds [...]

AIR Worldwide Estimates Insured Losses for Hurricane Sally Will be Between USD 1 Billion and USD 3 Billion

AIR Worldwide Estimates Insured Losses for Hurricane Sally Will be Between USD 1 Billion and USD 3 Billion

Boston, Sept. 21 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Sally’s winds, storm surge, and inland flood will range from USD 1 billion to USD 3 billion, with wind representing the majority of the losses. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. After meandering across the Gulf, Sally made a [...]

Imperial Capital Expands Emerging Markets Sales with the Hiring of Erik Hammes

Imperial Capital Expands Emerging Markets Sales with the Hiring of Erik Hammes

LOS ANGELES, Sept. 18 (Korea Bizwire) – Imperial Capital, LLC (“Imperial Capital”), announced today the continued growth of its dedicated Emerging Markets Sales and Trading Group with the hiring of senior sales professional, Erik Hammes.  Erik joins Imperial Capital in Stamford, CT where the Company has been adding key credit sales and trading talent over the past [...]

Jeito Capital co-leads $110 Million Series A Financing in Neogene Therapeutics

Jeito Capital co-leads $110 Million Series A Financing in Neogene Therapeutics

Paris, France, Sept. 14 (Korea Bizwire) – Jeito Capital (“Jeito”), a rapidly emerging independent investor dedicated to biotech and biopharma, today announced that it has co-led a $110 million Series A financing in Neogene Therapeutics, Inc. (“Neogene”), a pre-clinical stage biotechnology company pioneering a new class of fully personalized neo-antigen T cell therapies to treat cancer. [...]

CreditSights Makes Strategic Investment in Alphastream

CreditSights Makes Strategic Investment in Alphastream

New York, New York, Sept. 3 (Korea Bizwire) – CreditSights, a leading provider of independent fixed income research today announced that it has taken a minority stake in Alphastream, a fintech company based in Singapore. As part of the investment, Bala Subramanian, Chief Product and Technology Officer of CreditSights, will join Alphastream’s board. Alphastream develops next generation data [...]

AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between USD 4 Billion and USD 8 Billion

AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between USD 4 Billion and USD 8 Billion

Boston, Aug. 31 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Laura’s winds and storm surge will range from USD 4 billion to USD 8 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. “Although comparisons between Laura and Hurricane Rita (2005) have been [...]

CUHK Business School Research Looks at the Limitations of Using Artificial Intelligence to Pick Stocks

CUHK Business School Research Looks at the Limitations of Using Artificial Intelligence to Pick Stocks

HONG KONG, CHINA,  Aug. 27 (Korea Bizwire) - It’s been called the holy grail of finance. Is it possible to harness the promise of artificial intelligence to make money trading stocks? Many have tried with varying degrees of success. For example, BlackRock, the world’s largest money manager, has said its Artificial Intelligence (AI) algorithms have consistently beaten [...]