A major earthquake measuring 8.8 magnitude off the the cost of southern Chile has killed at least 700 people and caused economic damage of up to $30bn (£19.8bn).
Study from the Inter-American Development Bank claims Haiti earthquake more destructive than any modern natural disaster.
The Caribbean Catastrophe Risk Insurance Facility and the Caribbean Institute for Hydrology and Meteorology are extending support to Haiti in its long-term recovery and reconstruction efforts, particularly in hazard mitigation and future disaster…
White Mountains Insurance Group, the Bermudian (re)insurer, reported fourth quarter net income of $100m, up from a net loss of $213m at the same time in 2008.
More than 180,000 people are feared dead after a massive earthquake struck the Caribbean island of Haiti last month to the South-west of the capital, Port-au-Prince.
Reinsurers benefit in 2009 from recovering investment returns and absence of major catastrophes although 2010 could be more challenging with above average hurricane season expected according to a Cooper Gay report.
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid out $7.75m to the Government of Haiti following the Magnitude 7.0 earthquake which struck close to Port-au-Prince on 12 January, causing damage of catastrophic proportions.
The Hartford is planning a new catastrophe bond, reports say.
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Required spread expected to fall by 50 basis points up to the middle of the year
Swiss Re has obtained $150m protection for California earthquake risk through the Redwood Capital XI catastrophe bond programme.
Fitch highlights importance of underwriting discipline
Scor has confirmed the closing of a sixth Atlas Cat bond offer
The total cost of natural catastrophes and man-made disasters in 2009 fell to $52bn from $267bn in the 2008, a survey from Swiss Re has shown.
More competition and capacity spells good news for energy firms
Flagstone launches new hurricane and earthquake Cat Bond Montana Re