“Unexpected Nature” of Japan Quake Complicates Insured Loss Estimates March 14, 2011 By Ben Berkowitz The unexpected nature of this week’s earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating...
$35 Billion Japan Quake Cost Estimate Weighs on Insurers March 14, 2011 By Myles Nelligan Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost...
Insurers’ Share Prices Fall on Japan Earthquake News March 11, 2011 By Simon Jessop Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive...
Damage Claims Threaten Munich Re’s 2011 Profit Goal March 10, 2011 Heavy damage claims from an earthquake, floods and a storm this year will put Munich Re’s full-year profit goal at...
Best Comments on Impact of Christchurch Earthquake on New Zealand P/C Insurers March 3, 2011 A.M. Best’s London office announced that it “has begun to assess the financial impact of the Feb. 22, 2011 Christchurch...
Swiss Re Estimates Christchurch Quake Claims at App. $800 Million March 2, 2011 Swiss Re has announced that, based on current information, it provisionally estimates its claims cost from the earthquake in New...
Kiln, Lockton Team Up to Offer Cyber Coverage to UK Retailers March 2, 2011 Lloyd’s insurer Kiln and international broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers....
Best Report Highlights 50% Jump in Asbestos, Environmental Losses February 17, 2011 A soon to be issued report from A.M. Best details an increase in U.S. property/casualty insurers’ asbestos and environmental (A&E)...
Swiss Re Urges Australia to Use Cat Bonds as Disaster Risk Rises February 10, 2011 By Michael perry Global reinsurance giant Swiss Re said Australia’s natural disaster risk was increasing and urged its governments to cover the rising...
Wild Weather Could Push Miners to Heed Insurers’ Warnings; Reassess Risks February 8, 2011 By James Reagan and David Fogarty A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad...