Natural catastrophes (Nat Cats)
QBE estimates quake exposure at $125m
Insurer QBE has estimated its exposure to the Japanese earthquake to be around $125m (£77.6m).
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
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.
Caribbean risk pool appoints Guy Carpenter
Guy Carpenter has replaced Aon Benfield as the placing broker for the Caribbean Catastrophe Risk Insurance Facility.
Tsnunami hits Japan following earthquake
An 8.9 magnitude earthquake has struck north-east Japan triggering a devastating tsunami.
Munich Re hit by £931m cat losses in 2011
Natural catastrophes in Australia and New Zealand have already cost Munich Re AUS$1.5bn (£931.1m) in 2011.
Canopius accuses industry of "folly"
Canopius chairman Michael Watson has accused the insurance and markets of “folly” as rates continue falling despite 2010 being “one of the six” most costly years for insured catastrophe losses.
Catlin estimates $125m quake loss
Catlin Group has estimated that the 22 February 2011 earthquake near Christchurch, New Zealand caused its losses of $125m.
Catastrophe losses hold back Hardy profits
Hardy Underwriting’s profits halved to £10m during 2010, after it faced a string of international catastrophe losses with a net value of £37m.
Amlin blames earthquakes for £250m drop in profit
Amlin will monitor rate increases in earthquake zones in 2011, after blaming significant catastrophe activity for a £250m drop in profit for 2010.
Chaucer profits fall due to cat exposure
Chaucer has attributed its fall in profit and property underwriting loss to its exposure to global catastrophes.
Amlin hit by retro quake losses
Amlin’s results “beat consensus”, albeit driven by reserve releases, while its 88% combined ratio in difficult conditions was “impressive”, according to analysts at Jefferies International.
Industry begins counting cost of New Zealand quake
The insurance industry has begun estimating its exposure to the 6.3 magnitude earthquake that shook Christchurch, New Zealand.
Hiscox targets political unrest for opportunities
Hiscox is looking for underwriting opportunities arising from the political unrest in the Middle East and North Africa.
Prior reserve release staves off RSA underwriting loss
Prior year reserve releases of £267m have helped insurer RSA avoid posting an underwriting loss of £29m for 2010.
Chilean earthquake – insurance lessons learnt one year on
Lessons learnt from the massive earthquake that struck Chile 12 months ago should facilitate the future handling of complex business interruption claims, says Jenny Larner.
Amlin blames quakes for falling 2010 profits
Lloyd’s insurer Amlin has recorded a profit before tax of £259.2m for 2010 (2009:£509.1m), after £203.6m of losses from both the Chile and New Zealand earthquakes.
QBE Europe improves COR
QBE Insurance Europe has announced an improved combined operating ratio of 90.5% (2009: 91.3%) despite being hit by the Chilean earthquake and Deepwater Horizon drilling rig incident.
QBE Europe improves COR
QBE Insurance Europe has announced an improved combined operating ratio of 90.5% (2009: 91.3%) despite being hit by the Chilean earthquake and Deepwater Horizon drilling rig incident.
Aon Benfield: 95% of Chile quake loss reinsured
Broker Aon Benfield has revealed that 95% of the $8.5bn (£5.3bn) losses suffered during the Chile earthquake was covered by reinsurance.
Marsh staff missing following quake
Three broking staff based at Marsh’s Christchurch office are still unaccounted for after the building was destroyed this week in the 6.3 magnitude earthquake.