Flooding
Exercise Watermark set for insurer-specific rerun - Insurance News Now – 2 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Association of British Insurers that the government’s emergency flood scenario will be re-enacted specifically for the insurance industry…
View from the top: Together we're stronger
It's always good to reflect back on the Biba conference, given how quickly it goes when you're there.
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…
Damage management - Surge: Surging ahead
Recent surge events have shown insurers are getting better at coping with large numbers of claims but there is still room for improvement. Sam Barrett finds out what could make a crucial difference the next time an extreme event occurs.
Lloyd's reveals £2.34bn claims hit from quakes, tsunami and flooding
Lloyd’s has today announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia.
Coalition government: State of the nation: one year on
Last week's overwhelming 'no' vote in the referendum on the UK's voting system has only served to deepen divisions and highlight political polar positions within government, but how does the insurance industry rate the coalition's first 12 months in…
Post Europe: 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…
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…
View from the top: invest in the long term
"It's tough out there" is probably the most overused phrase of the last year.
Beazley boss still expects mid 90s COR despite major losses
Lloyd's insurer Beazley this morning said premiums reduced by 3% to $426m (2010 $438m) in the first three months of 2011, with premium rates on renewal business decreasing by 1%.
HNW - water damage: who reigns when it pours?
High net worth homeowners need to be aware of the optimal conditions and prevention measures that can be taken to keep art collections, antiques, contents and buildings in the best condition possible. As April showers loom, Annabel Fell-Clark advises on…
Interview - Jonathan Evans MP: APPG - priorities, progress and provocations
Chairman of the All Party Parliamentary Group on Insurance & Financial Services Jonathan Evans talks to Mairi MacDonald about the group's priorities, progress and provocations.
Aon Benfield launches storm surge risk model for Germany
Aon Benfield has launched a storm surge model for Germany – the first of its kind for the country - to help reinsurers quantify risk in this underdeveloped line of cover.
New funding for local flood rescue teams
More than £820 000 has been given to 16 emergency and voluntary groups by the Department for Environment, Food and Rural Affairs to buy vital rescue equipment such as boats and provide emergency response training to enable the teams to deal with local…
Post Europe: View from the Top: The role of reinsurance in disaster risk management
Reinsurers are gaining recognition in the light of disasters for the role they are playing in helping insurers, governments and society as a whole to deal with today’s risk landscape.
Japan tsunami warning lifted
A tsunami warning issues in Japan yesterday after a 7.4 magnitude earthquake struck off the coast of the country was lifted after 90 minutes.
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.
Transatlantic Holdings cat costs reach $355m
Transatlantic Holdings has updated its preliminary estimate of first quarter catastrophe costs to include the Tohoku earthquake in Japan.
Patrick Snowball: Dealing with the claims influx down under
Suncorp CEO Patrick Snowball speaks to Jonathan Swift about his recent experiences dealing with the large volumes on claims in Australia and New Zealand, and how the business managed.
Hiscox Japan losses could reach $150m
Hiscox has estimated exposure of up to $150m (£93.4m) for the earthquake and tsunami which struck Japan last month.
Insurers landed with $43bn cat bill
The insurance industry was hit with a $43bn (£26.8bn) exposure for natural catastrophes and man made disasters during 2010, research from Swiss Re has revealed.
AIR revises Japan estimate to $30bn
Catastrophe modelling firm AIR Worldwide has lowered its insured loss estimate for the Japanese earthquake from up to $35m (£21.7bn) to $30m.
€10.9m EU aid for flood damage in Czech Republic
Johannes Hahn, European Commissioner for Regional Policy, has confirmed the European Commission's proposal to allocate aid totaling €10.9m to the Czech Republic, following the severe floods of last August.
Event insurance - market update: the show must go on
With the shift to music downloads, artists are looking to tour more to make money, generating demand but also new risks for contingency underwriters. Sam Barrett looks at the buoyant events insurance arena and finds a growth market, despite softened…