Natural catastrophes (Nat Cats)
Swiss Re reports net loss of $665m
Swiss Re has reported a net loss of US$665m for the first quarter of 2011, compared to a profit of US$158m recorded in the same period of 2010.
ARM launches building valuation service
Aspen Risk Management has launched a free building valuation assessment service for its broker partners and clients.
Mapfre Q1 profits climb 13.5%
Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.
XL reveals Q1 $163m net loss
XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.
XL reveals Q1 $163m net loss
XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.
Aspen records $151.7m loss in Q1 as profits hit by cat losses
Aspen has recorded a net loss of $151.7 million, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from the natural catastrophe events that occurred in the first quarter of 2011, down from net…
Q1 nat cats not market-turning
Total industry insured large losses since the third quarter of 2010 of $32bn will not be enough to turn the reinsurance market, an analyst has warned.
No immediate upward movement in insurance rates: Marsh
Despite record level first-quarter catastrophe losses, insurance rate increases were confined to loss-affected exposures, according to research published today by Marsh.
HCC records $51.5m loss
HCC Insurance Holdings has announced its preliminary 2011 first quarter catastrophe loss estimate.
Post Europe: View from the Top - More to a market than hard or soft
While news of recent catastrophes makes sombre reading in the mainstream press, over the past few weeks the insurance media has covered the inevitable ‘market turning’ debate.
View from the Top - More to a market than hard or soft
While news of recent catastrophes makes sombre reading in the mainstream press, over the past few weeks the insurance media has covered the inevitable ‘market turning’ debate.
Lloyd’s confirms Nelson appointment
Lloyd’s has confirmed that John Nelson will become chairman of the insurance market in October replacing Lord Levene.
Aon Benfield enters partnership to boost typhoon research
Aon Benfield has entered into a strategic partnership with Shanghai Typhoon Institute of China Meteorological Administration to boost typhoon research in China and deliver relevant research to the insurance industry.
View from the top: mind the gap please
As a regular London underground commuter I am frequently reminded of the gap in expectations that yawns between me as a paying customer and the so-called service delivery provided by the management of our capital's public transport infrastructure.
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.
Energy insurance prices stagnate as capacity reaches all-time high
Energy insurance prices have stagnated following the massive Tohoku earthquake in March, according to a new report by Willis Group.
Tsunami fears after latest Japan quake
A tsunami warning has been issued for north-eastern Japan after an earthquake with a magnitude of 7.4 struck off the east coast of Honshu, according to reports.
Litigation fears in wake of NZ quake
The New Zealand earthquakes in September 2010 and February 2011 have left some brokers and insurers at risk of litigation, the chief executive of Cunningham Lindsey's New Zealand operation has warned.
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.
Aon Benfield reviews costly March catastrophes
Aon has issued its monthly cat recap report, reviewing the natural disaster perils in March.
Q1 nat-cats to cost Zurich $500m
Zurich has estimated that aggregate claims of approximately US$500m for the five natural disasters to hit the Asia-Pacific region since the beginning of the year.
Fears mount over Japan BI claims
Insurers are bracing themselves for substantial business interruption claims following the earthquake in Japan, loss adjusters have warned.
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.
Lloyd’s profits dip after catastrophes
Insurance market Lloyd’s has posted profits of £2.2bn for 2010 – down more than £1.5bn on the sum for 2009.