Insight and Intelligence on the London & International Insurance Markets

21 May 2012

Search archive

Other articles of interest
Transatlantic estimates $72mn Thai exposure and adds $33mn to NZII loss
Platinum to book $27.9mn Thai loss and add $28.9mn to NZ/Japan creep
Everest Re puts Thai loss at $125mn, raises Japan quake number
Japanese big three add $800mn to Thai loss estimates
Lloyd’s posts $2.2bn Thai loss as MS&AD adds $1.4bn

Everest raises Thai loss estimate and adds to NZ/Japan reserves

25 January 2012

Everest Re has already demonstrated loss creep in its Thailand estimate as it raised its flood loss number from the $100mn-$125mn it reported just before Christmas to $145mn.

The Bermudian revealed the increase as it preannounced that it expects to take a net catastrophe loss hit of $245mn in its Q4 results, out next month.

The total, after tax and reinstatement premiums, includes creep on cats from earlier reporting periods in 2011 of $50mn - or $32.5mn after tax -...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π