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Montpelier puts NZ II loss at $75mn on $12bn industry estimate
Bermuda-based (re)insurer Montpelier Re Holdings has estimated a $12bn industry loss from February's New Zealand earthquake while bracing for a pre-tax net loss of $75mn to its own portfolio
14 March 2011
QBE expects $125mn Japan loss
Australian (re)insurer QBE expects losses of around $125mn in its European operations from the 11 March earthquake and tsunami in Japan
14 March 2011
Reinsurers' cat budgets blown inside Q1
The unholy trinity of Japan, New Zealand and Australia has already consumed global reinsurers' 2011 cat budgets, leaving them very exposed to a destructive hurricane season
14 March 2011
Lloyd’s nuclear syndicate excludes quake losses
Chaucer nuclear Syndicate 1176 said this morning (14 March) that it did not provide property or business interruption cover to the blast-hit nuclear plant in Japan and added that liability losses would be excluded
14 March 2011
Insured Japan quake losses could hit $35bn before tsunami: AIR Worldwide
Insured losses from Friday's Japanese earthquake could reach $35bn, before taking into account the devastating tsunami it triggered, says AIR Worldwide
13 March 2011
Sendai Airport property cover is locally placed
The property cover for the Japanese airport devastated by today's (11 March) tsunami is placed in the local market, The Insurance Insider understands.
11 March 2011
(Re)insurance stocks hit hard across the globe
New York-listed reinsurers have followed their peers in London and continental Europe by suffering sharp share price falls as the New York Stock Exchange opened
11 March 2011
Regulators are ‘out to get us’, says XL CEO
XL CEO Mike McGavick has called on insurers to join together in resisting greater interference from regulators
11 March 2011
More than $1.5bn of cat bonds exposed to Japanese quake
A total of nine cat bonds, with combined value of $1.56bn, are exposed to Japanese earthquakes and risk being triggered by the magnitude 8.9 temblor that struck the North-east of the country today (11 March).
11 March 2011
London-quoted stocks dive on Japan quake news
The share prices of the quoted Lloyd's insurers have fallen sharply this morning (11 March) in anticipation of further property catastrophe losses from the earthquake in north-east Japan
11 March 2011
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