Earthquakes
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…
Aviva boss: earthquake will not impact GI rates
Global general insurance rates will not be dramatically affected by Japan's earthquake and tsunami, according to Aviva's chief underwriting officer.
Wood sets sights on underwriting profit
Ecclesiastical has targeted an underwriting profit for 2011, despite its exposure to last month's earthquake in New Zealand.
Swiss Re exceeds claims budget following Japan quake
Reinsurer Swiss Re has revealed that it has already gone beyond its claims estimates for 2011 following the Japanese earthquake.
Hannover Re anticipates €250m loss from Japan
Based on its analysis of individual treaties, Hannover Re currently anticipates a burden of losses in the order of €250m after retrocessions and before taxes.
Hannover Re anticipates €250m loss from Japan
Based on its analysis of individual treaties, Hannover Re currently anticipates a burden of losses in the order of €250m after retrocessions and before taxes.
Nuclear leak insurance impact “too early to be known”
It is still too early to assess the full impact of the Fukushima Dai-ichi incident on nuclear insurance rates, Jardine Lloyd Thompson has claimed.
Japan quake losses could reach $300bn
Economic losses from the Japan earthquake could top $300bn (£184.2bn), catastrophe modelling firm RMS has predicted.
Chartis quake losses to reach $700m
Insurer Chartis has predicted losses of at least $700m (£431m) from the recent earthquake in Japan.
Swiss Re estimates $1.2bn Japan quake loss
Swiss Re has estimated $1.2bn (£738bn) in claims costs from the Japanese earthquake.
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.
Chaucer reduces 2010 cat loss estimates
Chaucer has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods.
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.
Major loss: meeting the challenges of major loss
With the global nature of modern business exposing insurers to a variety of major loss challenges, Trevor Latimer assesses the consequences.
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.