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Hurricane Sandy : damage could cost Swiss insurers dearly
Hurricane Sandy, which is set to wreak havoc on the East Coast of the United States, could be costly for Swiss insurers which have...
Aon Benfield : US severe weather insurance losses breach $1.2 billion in March
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon today releases the latest edition of its Global Catastrophe Recap report, which reviews...
Lloyd’s : earnings dive in red from catastrophes
The Lloyd's of London insurance market announced first-half losses due to an unprecedented number of major natural catastrophes including the Japanese earthquake and tsunami.
The...
Barclays bank first-half net profit slides 38% to £1.5 bln
British bank Barclays announced its first half net profit slid 38 per cent as investment division revenues fell and after it set aside £1.0...
Munich Re : heavy Q1 loss, says 2011 profit possible
Munich Re unveiled Monday a sharp first quarter loss owing to major disasters in the Asia Pacific region, but said it should still make...
German reinsurer may lower 2011 forecast after Japan quake
The earthquake and tsunami in Japan will likely force the world's third largest reinsurance group, Hannover Re, to revise downwards its yearly forecasts, the...
Hiscox estimates impact of 2011 major natural catastrophes
Hiscox has undertaken a first estimate of the impact of the 2011 New Zealand earthquake and the 2011 Queensland floods. The Group also makes...
Christchurch quake will cost Munich Re one billion dollars
Munich Re said Thursday that the Christchurch earthquake in New Zealand will cost it about one billion Australian dollars (726 million euros, $1.0 billion).
The...
XL Group announces preliminary losses for New Zealand
XL Group today announced preliminary net loss estimates for the earthquake that struck Christchurch, New Zealand on February 22, 2011.
The Company’s preliminary loss estimates...
Eurotunnel reports 57m euro loss on insurance dispute
Rail operator Eurotunnel has reported a 57m euro ($79m; £48m) loss compared with a net profit of 7m euros a year earlier.
Eurotunnel said the...
Bank of America posts $1.2 bn quarterly loss
Bank of America, the biggest US bank, reported Friday a net loss of $1.2 billion for the fourth quarter, citing a hefty charge in...
Australia floods : early market estimates put losses at about $1 billion for the insurance sector
Suncorp shares slumped 3 per cent, or 26c, to $8.35, knocking $330m from its value, QBE shares lost 38c, or $380m in value, to...
Study : Brits are losing £2.5bn through poor insulation sais Confused.com
Confused.com, home insurance and quote comparison site, has revealed that homeowners in Britain are wasting an estimated 2.5 billion pounds through poor insulation in...
Announcement : RBS Insurance set to create 160 call centre jobs in Glasgow
The insurance arm of Royal Bank of Scotland is in detailed discussions with an outsourcing company over a deal that will create over 160...
Insurance payout for Tropical Storm Tomas
Tropical Storm Tomas has triggered a $12.8 million hurricane coverage insurance payout in four eastern Caribbean states, the Caribbean Catastrophe Risk Insurance Facility (CCRIF)...
AXA : French insurer reports 3.5 percent rise in sales
French insurer Axa SA said Thursday sales rose 3.5 percent over the first nine months of the year to 70.462 billion euros (97.042 billion...
Supercat event : insurance glossary
A Supercat event is defined as generating an insured market loss of at least USD10 billion.
Insurers are warned about an eventual 'supercat' event in...
AXA insurance reports fourfold profit leap
French insurance group AXA reported on Thursday a fourfold profit leap least year to 3.6 billion euros, beating analysts' forecasts, and saying it would...
German Hypo Real Estate Bank reports heavy losses of €574 million
German state-owned bank Hypo Real Estate reported on Wednesday a net loss of 574 million euros (860 million dollars) in the third quarter of...
Banking Barclays and HSBC to give results
Banking giants Barclays and HSBC should confirm a widening gap in performance with their part-nationalised counterparts when they report third quarter figures on Tuesday.
The...
