Loss File
Eqecat: Italian quake losses unlikely to breach EUR200mn
22 May 2012
Sunday's (20 May) magnitude 6.0 earthquake in northern Italy is not expected to cost (re)insurers more than EUR200mn, with a EUR100mn loss the more likely outcome, cat modelling firm Eqecat said… Read more
Sony Thai loss hits $805mn
21 May 2012
The $805mn Thai flood claim from electronics giant Sony included a $66.5mn contingent business interruption (CBI) claim, The Insurance Insider revealed… Read more
Read more articles from this issueTexas storm costs hit $1bn
21 May 2012
Insured losses from the tornadoes that devastated parts of Texas in April are likely to reach $1bn, with more bad weather expected in May, according to the Insurance Council of Texas… Read more
Read more articles from this issueIAG looks to recoup after £800mn UK car crash
21 May 2012
Insurance Australia Group (IAG) has sunk around £800mn into Lloyd's insurer Equity Redstar and the rest of its UK operations since 2006 and will be looking to recoup as much of this sum as possible from the recently announced sale process… Read more
Read more articles from this issueAviva’s stock falls amidst Greek and CEO fears
21 May 2012
Shares in the UK's second largest insurance company Aviva fell 8 percent last week after disappointing shareholders with its interim management statement and news that the search for a new CEO may take the rest of the year… Read more
Read more articles from this issueOmega scales back in liability
21 May 2012
Omega Syndicate 958 scaled back the amount of third-party liability business that it wrote by almost a third in the first quarter of 2012 after a reserve strengthening exercise last year dragged the segment to a significant loss… Read more
Read more articles from this issueReinsurer hit from Thai escalation unclear
21 May 2012
It is unclear how much of the recent deterioration on last year's Thai floods will feed through to international reinsurers, but it seems unlikely they will take more than the $800mn of additional losses that have stuck with the Japanese "big three"… Read more
Read more articles from this issue$500mn JP Morgan D&O programme to escape trading losses
21 May 2012
Directors' and officers' (D&O) underwriters are expected to avoid losses from JP Morgan (JPM)'s $500mn insurance programme despite the class action lawsuits and federal investigations into the bank's mounting in-house trading losses… Read more
Read more articles from this issueCosta renewal terms propose 50% price increase
21 May 2012
The hull and machinery (H&M) and increased value (IV) renewal terms for loss-hit cruise operator Costa Crociere currently incorporate a 50 percent premium increase in cash terms, The Insurance Insider understands… Read more
Read more articles from this issueItaly’s industrial heart rocked by quake
21 May 2012
A magnitude 6.0 earthquake caused widespread damage to Italy's industrial north-east on Sunday (20 May), killing at least six people… Read more
Read more articles from this issueResults: 1198
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