Novae releases initial Q1 major loss estimate
Novae estimates that the cost of the Japanese earthquake and tsunami to be between US$25 million and US$40 million, based on an insured market loss of US$20 and US$30 billion.
The Lloyd's insurer released the figures as part of preliminary assessment of the cost of the events that occurred in the first quarter of 2011.
Novae estimates that the flooding and cyclone in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Patrick Tiernan appointed Lloyd’s CEO
Patrick Tiernan has succeeded John Neal as CEO of Lloyd’s, with his tenure kicking off on 1 June 2025.
Aviva to sell HNW policies through Lloyd’s
Aviva is developing a high-net-worth product it can sell through its Lloyd’s platform, Probitas, Insurance Post can reveal.
GenAI advancements prompt Blueprint Two rethink
Velonetic CEO Bob James has said delays to phase two of Blueprint Two come with the silver lining of allowing the market to take advantage of recent advancements in generative artificial intelligence.
Throwback Thursday: Lloyd’s looks to Tower Hamlets; Budget blow
Insurance Post’s Throwback Thursday steps back in time to May 1990 to remind you what was going on this week in insurance history: Lloyd’s was looking to Tower Hamlets and the sector was horrified by one of the worst ever years for natural catastrophe losses.
Carbon Underwriting CEO retires due to MS
Carbon Underwriting co-founder and CEO Nick Tye is retiring from the business following a diagnosis of progressive multiple sclerosis.
Probitas CEO to retire a year on from Aviva acquisition
Probitas CEO Ash Bathia will retire at the end of July, with Aviva’s global corporate and specialty managing director Matthew Washington set to take the reins at the Lloyd’s insurer.
Arch GWP falls due to Gap pause and softening rates
Arch’s UK insurance company saw gross written premiums tumble by more than 10% last year as a result of the Financial Conduct Authority’s pause on Gap insurance sales and softening London market rates.
SFO accuses Lloyd's broker of bribery
The Serious Fraud Office has accused a UK-based Lloyd’s broker for failing to prevent associates from bribing state officials in Ecuador.