Natural catastrophes (Nat Cats)
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.
S&P confirms Allianz' Japan rating
Standard & Poor's has confirmed its AA- (stable) rating of Allianz Fire and Marine Insurance Japan.
Insurers landed with $43bn cat bill
The insurance industry was hit with a $43bn (£26.8bn) exposure for natural catastrophes and man made disasters during 2010, research from Swiss Re has revealed.
AIR revises Japan estimate to $30bn
Catastrophe modelling firm AIR Worldwide has lowered its insured loss estimate for the Japanese earthquake from up to $35m (£21.7bn) to $30m.
Quake certain to impact vehicle replacement parts in UK
WNS Assistance has warned clients of the potential impact of the recent devastating earthquake and tsunami in Japan, on the availability of parts for the repair of Japanese manufactured vehicles.
Quake hits Myanmar and Thailand
A shallow 6.8 moment magnitude earthquake has occurred in Myanmar, near the border with Thailand.
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.
Catastrophe claims costs see "eight fold" increase
The average cost of insured claims from natural catastrophes are eight times higher than in the 1970s, Allianz has revealed.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
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.
Munich Re Japan quake exposure to reach €1.5bn
Munich Re has estimated losses of €1.5bn (£1.3bn) from the Japanese earthquake.
Munich Re Japan quake exposure to reach €1.5bn
Munich Re has estimated losses of €1.5bn (£1.3bn) from the Japanese earthquake.
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.