losses
Natural disasters result in massive losses for Lloyd’s
This year has been the second most expensive year ever for insurers due to an onslaught of natural disasters.
Lloyd's of London's 88 underwriting syndicates...
Lloyd’s of London : first quarter losses from catastrophes
Lloyd's of London market will take a $3.8 billion hit from earthquakes and floods in the first quarter, and predicted the high level of...
U.S. : April tornado losses as much as $5.5 bn
The tornadoes and thunderstorms that carved a swathe of destruction through the US southeast in late April left as much as $5.5 billion in...
Omega Insurance sees Japan quake losses at USD24 million
Omega Insurance which has received takeover approaches over the last month, estimated it could have losses of around $24 million from last month's earthquake...
Amlin estimates first quarter losses due to catastrophes
Specialist international insurer, Amlin, made initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake which occurred on 11 March...
XL Group announces preliminary losses for Japanese earthquake and tsunami
XL Group announced preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan.
The Company’s preliminary loss estimates related to the...
German reinsurers post quake loss estimates
German reinsurance group Hannover Re said Wednesday that the Japanese disasters would cost it around 250 million euros ($350 million), six times less than...
AIG unit forecasts Japan quake loss of $700 mn in Q1
Insurer AIG said Friday that Japan's massive earthquake and tsunami disaster would cost its Chartis subsidiary $700 million in the first quarter of 2011.
AIG...
Earthquake damage up to $34 billion
The massive earthquake that struck Japan will exact a massive economic toll estimated at between $14.5 billion and $34.6 billion, a leading risk analysis...
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)...
Aon Benfield : Insurers must prepare for Asian ‘Supercats’
Aon Benfield, reinsurance intermediary and capital advisor, is warning insurers in Asia to prepare for future “Supercat” events like those experienced in the USA....
Pakistan hit by worst floods since 1929
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases the latest edition of its Monthly Cat Recap report, which provides an...
Airline SAS says volcano cost it more than 66 million euros
Scandinavian airline SAS said Friday it suffered at least 66 million euros in losses owing to a volcanic ash cloud from Iceland that grounded...
Swiss Re edges back to profit-making
One of the world's biggest reinsurers, Swiss Re, on Thursday reported a 506-million-Swiss-franc annual net profit in 2009, edging away from a record loss...
AIG reports quarterly profit of $455 million
Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4...
Swiss Re returns strong profit in third quarter and announced 1,000 jobs cuts
Swiss Re, one of the world's biggest reinsurers, on Tuesday returned to strong profit in the third quarter, cautiously turning its back on losses...
Heavy losses due to severe weather in the first six months of 2009
The natural catastrophe figures for the first six months of 2009 were marked by heavy losses due to severe weather in areas with a...
Chubb Group Insurance Companies exposed by $2bn on D&O
Chubb could be forced to pay out up to $2 billion on directors and officers (D&O) insurance policies due to a surge in litigation...
June 09 : the most expensive month in the aviation insurance market since September 2001
June looks set to be the most expensive month in the aviation insurance market since September 2001. In an already hardening market, this means...
AIG’s annual corporate meeting : Situation far More Stable
Flipping his usual procedure for an annual corporate meeting, American International Group Inc.'s (AIG) chief executive began AIG's annual meeting Tuesday with a look...
