Insight and Intelligence on the London & International Insurance Markets

22 February 2012

Platinum to book $27.9mn Thai loss and add $28.9mn to NZ/Japan creep

27 January 2012

Platinum Underwriters expects to book $55.4mn of Q4 cat losses that include a $27.9mn estimated net negative impact from the Thai flooding and further significant creep on earlier 2011 catastrophes.

The Bermudian said that it will add $17.1mn to reserves for the Japan earthquake in March and $11.8mn for the February New Zealand earthquake, with a $1.4mn positive movement on other 2011 catastrophes partially offsetting the deterioration.

There was some good news from the reinsurer as it revealed it does...

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