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Platinum expects Q1 Antipodean loss impact of $160mn
Platinum Underwriters is facing first-quarter losses of up to $160mn from the second Christchurch earthquake, Australian flooding and Cyclone Yasi
23 March 2011
CJ Coleman chairman Merry departs
David Merry, the chairman of broker CJ Coleman, has resigned this week, The Insurance Insider understands
23 March 2011
Moody's goes negative on Japanese ‘big three’
Moody's has placed a negative outlook on Japan's "big three" insurers Tokio Marine and Nichido fire (Tokio Marine), Nipponkoa Sompo (NKSJ) and Mitsui Sumitomo & Aioi Nissay Dowa (MS&AD).
23 March 2011
Hannover Re reveals $350mn Japan loss
Hannover Re is the latest of the large European reinsurers to announce an early estimate of losses from the Japanese earthquake, with an expected hit of around EUR250m ($355mn).
23 March 2011
Munich Re issues profit warning on EUR1.5bn Japan quake hit
Global reinsurer Munich Re has released a EUR1.5bn ($2.1bn) provisional net pre-tax loss estimate for the Japanese earthquake and tsunami, forcing it to abandon a EUR2.4bn profit target for 2011.
22 March 2011
Lloyd’s allocates major loss code to Japan
Lloyd's has allocated a major loss code to the Japanese earthquake and tsunami as it awaits a flurry of expected claims
22 March 2011
JLT Re parts company with COO Fenwick
JLT Re has parted company with its chief operating officer Keith Fenwick, The Insurance Insider can reveal
22 March 2011
Towers Watson appoints new head of global risk consulting
New York-listed consultancy giant Towers Watson has appointed Rory O'Brien as head of its global risk consulting and software unit
22 March 2011
Ferma lobbies Brazil to rescind ‘damaging’ reinsurance regulations
The Federation of European Risk Management Associations (Ferma) has implored the Brazilian government to rescind two new regulations that it says will reduce the capacity for coverage of large commercial risks and increase the cost of insurance
22 March 2011
Axis unveils $275mn-$315mn Q1 Antipodean hit
Axis Capital has informed investors that to date it is facing first quarter catastrophe losses of up to $315mn due to its exposures in Australia and New Zealand
22 March 2011
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