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Eqecat puts €100m price on Italy quake

Catastrophe risk modelling firm Equecat has estimated insured losses of around €100m for the northern Italy earthquake on 20 May, but warned of uncertainty.

Claims | 22 May 2012 secure

Italy earthquake map May 20 2012
italy-on-a-map

Italy quake: Low level of insurance claims expected

The insurance industry has avoided significant losses from the 6.0 magnitude earthquake that hit northern Italy on Sunday morning due to low take-up of personal property cover in the area.

Europe | 21 May 2012 secure

Catastrophe image

Lloyd's: Can the market fully recover from the losses in 2011?

Lloyd's' market performance and underwriting discipline has long been praised by the industry but, after the near unprecedented losses in 2011, many are wondering whether it can fully bounce back.

Lloyd's/London | 08 May 2012 secure

thailand-floods

Marsh says 2011 cats demonstrated need for more cover and better policy wordings

Broker Marsh has said that the scale of catastrophes in 2011 exceeded previous loss-modelling predictions and has challenged established thinking on the nature of risk.

Broker | 16 Apr 2012 secure

tornado

March cat claims topped $1.1bn in the US

Reinsurance broker Aon Benfield has reported that US storms in March will cost insurers more than $1.1bn, while catastrophes hit Mexico and Australia as well.

Reinsurance | 10 Apr 2012 secure

insurance-hound-monty
The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

Oil rig explosion (Photo - PA)

Energy: Overcapacity causing problems as market rates stagnate

It has been a tumultuous few years for the insurance industry, and not many sectors have been affected as much as energy.

Insurer | 27 Mar 2012 secure

steve-wood

Ecclesiastical reveals £16m underwriting loss

Ecclesiastical has blamed a pre-tax loss of £7.7m and an underwriting loss of £16.1m on the eurozone and Australasian catastrophes, but plans to increase premiums in Australia.

Insurer | 20 Mar 2012 secure

Stock exchange

European sovereign debt hits insurer profits

2011 was the worst year on record for natural catastrophes, yet it was cracks in the Dow Jones, faults in the FTSE and tremors on the Hange Seng that bothered many insurers more.

Insurer | 20 Mar 2012 secure

earthquake

Large Tohoku aftershocks hit Japan

Insured losses from two earthquakes which occurred in Japan on 14 March will be less than $100m, according to Eqecat.

Insurer | 15 Mar 2012 secure

james-julian-lockton2

Comment: The risk of irrelevance

A recent report paints a bleak picture for the future of insurance.

Insurer | 13 Mar 2012 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
Japan earthquake headline in newspaper

Aftermath of Japan earthquake serves as reality check for insurance industry

One year ago, Japan was shaken to its core by a magnitude nine earthquake. The shockwaves from Tohoku-Oki on 11 March 2011 are still causing ripples among insurers, risk modelling firms and reinsurers.

Insurer | 13 Mar 2012 secure

001-post-1503

Post magazine – 15 March 2012

The latest issue of Post is now available to subscribers as a digital and interactive e-book.

Insurer | 13 Mar 2012 secure

Man drawing a city skyline

In Series Emerging Markets: Drawing on professionalism

With capital continuing to pour into Asia, talent and professionalism is an issue that the Chartered Insurance Institute is well-placed to tackle.

Insurer | 13 Mar 2012 secure

Paulino Fajardo and David Pollitt

A winning combination: interview with Paulino Fajardo and David Pollitt

Davies Arnold Cooper and Beachcroft merged in late 2011 under the DAC Beachcroft banner. Paulino Fajardo and David Pollitt discuss the tie-up and their plans for the future.

Claims | 06 Mar 2012 secure

Christchurch earthquake

Christchurch one year on: a forgotten city?

A year on from the earthquakes in New Zealand, while the Christchurch disasters may be slipping out of public consciousness, the work to rebuild the city continues.

Insurer | 06 Mar 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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