Lloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’ March 29, 2012 By Charles E. Boyle At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year...
Plan Now for Climate-related Disasters Warns U.N. Report March 29, 2012 By David Fogarty and Deborah Zabarenko A future on Earth of more extreme weather and rising seas will require better planning for natural disasters to save...
Best Affirms Platinum Underwriters ‘A’ Ratings; Outlook Stable March 28, 2012 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of...
Lloyd’s Posts $822 Million Overall Loss for 2011 March 28, 2012 By Charles E. Boyle The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record...
$370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re March 28, 2012 By Charles E. Boyle Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the...
Total: “May be Months” to Stop North Sea Gas Leak March 27, 2012 By Gwladys Fouche and Oleg Vukmanovic A cloud of explosive natural gas boiling out of the North Sea from a leak at Total’s abandoned Elgin platform...
Ratings Recap: ACS (NZ) Ltd., Transmonde, Risk Re, Ansvar Australia March 27, 2012 A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to...
Best Affirms AGA International (Ex-Mondial Assistance) Ratings; Outlook Stable March 27, 2012 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings...
AIR Analyzes Chile Quake: No Tsunami; Minimal Damages Reported March 27, 2012 Catastrophe modeling firm AIR Worldwide’s report on the earthquake that struck central Chile on Sunday night concludes that, although the...
Quake Hits Central Chile; No Deaths or Serious Damage Reported March 27, 2012 By Eva Vergara A magnitude-7.1 earthquake struck central Chile Sunday night, the strongest and longest that many people said they had felt since...