Earthquakes
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
6.2m quake strikes Japan
A magnitude 6.2 earthquake struck south of Mount Fuji on 15 March at 10:31pm local time (1:31pm UK time).
LMA: Lloyd’s underwriters will not play large role in loss adjustment process
The Lloyd’s Market Association, the representative body of underwriters at the Lloyd’s of London market has confirmed Lloyd’s exposure to the Japanese earthquake will be largely limited to reinsurance.
Japan economic losses “likely to exceed $100bn”
Losses from the earthquake which shook Japan last week could break the $100bn (£62.2bn) barrier, catastrophe modeling firm EQECAT has predicted.
Swiss Re reiterates commitment to Japanese market
Reinsurer Swiss Re has reiterated its commitment to the Japanese insurance market following the earthquake which hit the country last week.
QBE estimates quake exposure at $125m
Insurer QBE has estimated its exposure to the Japanese earthquake to be around $125m (£77.6m).
Chaucer confirms Japan nuclear plant involvement
Chaucer has confirmed it provides cover for Tokyo Electric Power Company, the owner and operator of three nuclear plants affected by the 11 March earthquake and tsunami. However the firm has played down the chances of a significant loss from the…
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Aon Benfield: Japan earthquake seventh strongest ever recorded
Aon Benfield has released a cat alert for the devastating 8.9 magnitude earthquake with an epicenter 80 miles east of Sendai, Japan.
$10bn insured loss estimated from Japan quake
The Japanese earthquake could cost the insurance industry $10bn (£6.25bn) but it is not likely to cause rates to harden across the market.
Lloyd's: Too early to assess Japan losses
Lloyd's has said it is "far too early" to assess the business impact of the natural disasters to hit Japan over the last 24 hours.
Tsnunami hits Japan following earthquake
An 8.9 magnitude earthquake has struck north-east Japan triggering a devastating tsunami.
Munich Re hit by £931m cat losses in 2011
Natural catastrophes in Australia and New Zealand have already cost Munich Re AUS$1.5bn (£931.1m) in 2011.
Munich Re hit by £931m cat losses in 2011
Natural catastrophes in Australia and New Zealand have already cost Munich Re AUS$1.5bn (£931.1m) in 2011.
XL Group reveals possible $85m NZ quake loss
XL Group has revealed preliminary net loss estimates of $70-85m for the earthquake that struck Christchurch, New Zealand on 22 February.
Catlin estimates $125m quake loss
Catlin Group has estimated that the 22 February 2011 earthquake near Christchurch, New Zealand caused its losses of $125m.
Amlin blames earthquakes for £250m drop in profit
Amlin will monitor rate increases in earthquake zones in 2011, after blaming significant catastrophe activity for a £250m drop in profit for 2010.
Chaucer profits fall due to cat exposure
Chaucer has attributed its fall in profit and property underwriting loss to its exposure to global catastrophes.
Omega board laments “baptism of fire” as profits fall $84.4m in 2010
Omega Insurance has recorded a loss of $42.8m – a sharp fall from the $43.6m profit recorded in 2009.
Amlin hit by retro quake losses
Amlin’s results “beat consensus”, albeit driven by reserve releases, while its 88% combined ratio in difficult conditions was “impressive”, according to analysts at Jefferies International.
Industry begins counting cost of New Zealand quake
The insurance industry has begun estimating its exposure to the 6.3 magnitude earthquake that shook Christchurch, New Zealand.
Prior reserve release staves off RSA underwriting loss
Prior year reserve releases of £267m have helped insurer RSA avoid posting an underwriting loss of £29m for 2010.
Chilean earthquake – insurance lessons learnt one year on
Lessons learnt from the massive earthquake that struck Chile 12 months ago should facilitate the future handling of complex business interruption claims, says Jenny Larner.