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22 May 2012

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New Zealand earthquake loss creep looks set to dent Lime Street earnings

2 February 2011

Natural catastrophe losses are expected to play a full part when financials for Lloyd's insurers begin to trickle through later this month - with the focus on deteriorating New Zealand earthquake losses and Queensland flooding losses in Q4.

Bermuda-headquartered Lloyd's (re)insurer Hiscox broke its silence on September's Christchurch earthquake to tell that it expects to incur claims of approximately £37mn.

Click to enlarge The company was expected to take a hit as it was positioned on the middle NZ$1.5bn over...

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