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EQC expects treaty to contain both NZ quake losses
The New Zealand Earthquake Commission (EQC) does not expect the losses from either the first or second Christchurch earthquake to go through the top of its reinsurance programme
06 April 2011
Transatlantic braced for $240mn Japan hit
Global reinsurer Transatlantic Re has announced that it is estimating net losses of $240mn from the Japanese earthquake and tsunami last month
06 April 2011
Hardy Japan losses held to £9mn-£12mn
Lloyd's (re)insurer Hardy Underwriting is forecasting losses of between £9mn ($14.6mn) and £12mn ($19.5mn) from the Japanese earthquake and tsunami
06 April 2011
US property cat and workers’ comp rate rises fuel hopes for market turn
Hopes among US property casualty underwriters for a market turn will be bolstered by emerging evidence of moderating overall rate falls and hardening pockets, led by workers' compensation and cat exposed property risks.
06 April 2011
Arch joins Florida’s reduced collateral club
Bermudian reinsurer Arch Re has been approved by the Florida Office of Insurance Regulation (FOIR) as an eligible reinsurer, becoming the twelfth non-US insurer to be approved by the state.
05 April 2011
International share of Japan only $12bn-$15bn, says Tower Watson
The international reinsurance community is likely to face losses from the Japanese earthquake and tsunami of only $12bn-$15bn, according to top-five reinsurance broker Towers Watson.
05 April 2011
M&A pace continues through 2011, says AM Best
The pace of merger and acquisition (M&A) activity will continue in 2011 as (re)insurers look to deploy their capital, according to analysts at ratings agency AM Best.
05 April 2011
$139mn Japan loss to push Validus into the red
Bermudian cat specialist Validus Holdings has revealed $139mn of net losses from the Japanese earthquake and tsunami, representing 4 percent of year-end shareholder equity
05 April 2011
XL estimates $190mn-$290mn Japan hit
Dublin-headquartered (re)insurer XL has estimated that its likely net losses from the Japanese earthquake and tsunami will be between $190mn and $290mn
05 April 2011
Amlin announces Q1 cat bill of up to £275mn
Amlin has become the second Lloyd's player to inform investors of its likely losses from first quarter catastrophes, including the New Zealand and Japan earthquakes and flooding in Australia
05 April 2011
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