Japan
Japan nuclear accident “worst in 25 years”
The nuclear accident at the Fukushima Dai-ichi power plant in Japan caused by last week’s earthquake is the “worst in 25 years”, catastrophe modelling firm RMS has claimed.
Global supply chains to suffer extensive disruption
Organisations need to prepare for the possibility of extended disruption to global supply chains resulting from the earthquake and tsunami in Japan, Marsh has warned.
Jeffries: Munich Re Japan losses “modest”
Jeffries International has predicted “relatively modest” Munich Re losses from the Japan earthquake of €1bn (£869m).
Reinsurance sector braced for huge losses in Japan
The global reinsurance industry is positioned to absorb the impact of the Japanese earthquake — even if the insured losses reach $35bn (£21.7bn).
Canopius boss: massive quake will be tipping point
Canopius chairman Michael Watson believes the Japanese earthquake could serve as the tipping point on market rates, after lamenting the commercial lines market for its "folly" on low pricing.
Editor's comment: Out of step with reality?
Just before the devastating events began to unfold in Japan last week, the UK insurance market found itself vexed by the Transport Select Committee's report into the rising cost of motor insurance.
Munich Re to revisit earnings target statement
Munich Re's stated objective to earn €2.4bn (£2.1bn) in 2011 may have to be revisited following the devastating earthquake in Japan.
Japan quake: one of the costliest catastrophes in modern history
The devastating earthquake that struck Japan on 11 March is set to become one of the costliest catastrophes in modern history.
Post Magazine – 17 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Eqecat estimates up to $25bn of quake losses
Risk modelling firm Eqecat has predicted insured losses from the Japanese earthquake of between $12bn and $25bn (£15.5bn).
Reinsurance sector braced for huge losses in Japan– Insurance News Now – 17 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories which include the global reinsurance industry pulling together to absorb the impact of the 9.0 magnitude earthquake that struck Japan on 11 March.
Mitsui Sumitomo establishes disaster control HQ
Mitsui Sumitomo chief executive, Andrew McKee, has given an update on the situation in Japan.
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
6.2m quake strikes Japan
A magnitude 6.2 earthquake struck south of Mount Fuji on 15 March at 10:31pm local time (1:31pm UK time).
LMA: Lloyd’s underwriters will not play large role in loss adjustment process
The Lloyd’s Market Association, the representative body of underwriters at the Lloyd’s of London market has confirmed Lloyd’s exposure to the Japanese earthquake will be largely limited to reinsurance.
Japan economic losses “likely to exceed $100bn”
Losses from the earthquake which shook Japan last week could break the $100bn (£62.2bn) barrier, catastrophe modeling firm EQECAT has predicted.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Aon Benfield: Japan earthquake seventh strongest ever recorded
Aon Benfield has released a cat alert for the devastating 8.9 magnitude earthquake with an epicenter 80 miles east of Sendai, Japan.
$10bn insured loss estimated from Japan quake
The Japanese earthquake could cost the insurance industry $10bn (£6.25bn) but it is not likely to cause rates to harden across the market.
Lloyd's: Too early to assess Japan losses
Lloyd's has said it is "far too early" to assess the business impact of the natural disasters to hit Japan over the last 24 hours.