Earthquakes

State of emergency declared in Mexicali

Initial damage reports from the 4 April earthquake suggest that the majority of the damage is focused around the city of Mexicali which was the closest city to the epicenter with a population of around 1.2 million.

Omega puts Chilean quake loss at $23m

Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.

Lancashire: no material exposure to Xynthia

Lancashire Holdings today announced that it estimates its net losses before tax from the earthquake in Chile and subsequent aftershocks range from approximately US$65m to US$125m including the sum of gross claims and claims expenses, reinsurance…

Arch losses from Chile quake $35-50m

Arch Capital has announced its losses from the effects of the Chilean earthquake to be in the range of $35m to $50m, net of reinsurance, retrocessions and reinstatement premiums.

Allied World Chile quake losses up to $75m

Allied World has estimated that the recent earthquake in Chile will cost it in the range of $55m - $75m, while Windstorm Xynthia, which hit Europe earlier this month, will cost the Bermudian (re)insurer $2m.

Countries assess CCRIF coverage

In light of the recent earthquakes in Haiti and Chile, many countries are re-examining their preparedness for natural catastrophes, including their levels of coverage under CCRIF.