Earthquakes

Law change in Japan could override policies

New insurance regulations in Japan could inadvertently heighten the industry's exposure to the Japanese earthquake and tsunami damage and, in some cases, override existing policy wordings, according to a specialist lawyer.

View from the top: A very bad year

Despite reinsurers' initial talk that the Australian floods and the New Zealand & Japanese earthquakes were earnings — not balance sheet — events, and there would be no impact on rates, the chatter has changed recently, with some now actively hinting at…

Joining up the approach to weather in the Balkans

Weather related catastrophes are common in the Balkans but there is a perception there that the government will always be on hand to help. However, as Sam Barrett explains the only way forward is to create and develop a market to enable the transfer of…

Mapfre Q1 profits climb 13.5%

Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.

Mapfre Q1 profits climb 13.5%

Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.

Chubb reports $270m cat hit in Q1 2011

Chubb has reported that the impact of catastrophes in the first quarter of 2011 was $270m (£164m) before tax. This figure includes the winter storms in the US, flooding in Australia, and earthquakes in New Zealand and Japan.

Chaucer estimates Japan losses at between £27m and £35m

Chaucer Holdings has revealed an exposure to the Japanese tsunami-earthquake on 11 March 2011 of between £27.5 - £35m. As a result of this and other recent natural catastrophe events, Chaucer said it is to seek a “marked rise” for its catastrophe cover.

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