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  • As reported losses from (re)insurers attributable to the 11 March Japan earthquake continue to escalate, sources suggest direct and facultative writers are exposed to a potential loss of around $1bn from the international property cover for the East Japan Railway Company (JR East).
  • International direct and facultative (D&F) property underwriters are looking at a claim of at least 10bn yen ($120mn) from the East Japan Railway Co (JR East) following the 11 March disaster, although sister publication Inside FAC understands the final loss may be a multiple of this figure.
  • International direct and facultative property underwriters are looking at a claim of at least 10bn yen or $120mn from the East Japan Railway Co following the devastating 11 March earthquake, although our sister title Inside FAC understands the final loss may be a multiple of this figure
  • Pricing on Japanese-exposed cat bonds has dived following Friday's (11 March) devastating earthquake and tsunami, although confusion still reigns over which bonds may face actual losses
  • The earthquake that devastated the east coast of Japan on Friday (11 March) is likely to push first-quarter insured natural catastrophe losses well beyond last year's estimates - making it the worst year for Q1 losses to date.
  • Bid target Hardy Underwriting has taken the highest proportional loss on the New Zealand earthquake among the international (re)insurers to report to date, with a £10mn hit representing nearly 7 percent of its half-year equity.
  • Reinsurers' first quarter interim results have revealed that the initial shockwaves from the Chilean earthquake have been soothed by persistent improvements in the broader financial markets.
  • A magnitude 6.9 earthquake that struck a remote region in China on 14 April has now killed almost 2,000 people and left tens of thousands homeless, according to latest reports.
  • Early indications show that the Caribbean Catastrophe Risk Insurance Facility (CCRIF) will face payouts as a result of the devastating earthquake that struck Haiti on 12 January, reports sister title Trading Risk.
  • Insured losses from last week’s earthquake in the Abruzzo region of Italy are likely to be between EUR200mn and EUR400mn, according to risk modeling agency AIR Worldwide.