Reported estimates of Sandy re/insured losses pass $17 billion: Fitch

Fitch Ratings has published a report looking at the total amount of reported insured and reinsured loss estimates for hurricane Sandy damage that have been announced by insurers and reinsurers since the storm struck the U.S. northeast back in October. Loss estimates have been coming in thick and fast through read the full article →

RMS publishes final U.S. Paradex estimate for hurricane Irene

Risk Management Solutions (RMS) have finalised their modelling work to estimate final index values from their Paradex tool for hurricane Irene which hit the U.S. eastern coastline recently. The final Paradex index value is $2.82 billion which is 85% attributed to residential losses. The value is based on the RMS Paradex read the full article →

RMS estimates total insured loss from Japanese earthquake at $21bn to $34bn

Risk Management Solutions (RMS) have finally issued an insured loss estimate for the earthquake and tsunami disaster in northeast Japan on the 11th March. RMS estimate that insured property losses from the event will be between $18 billion to $26 billion. Adding in life and health claims they put the read the full article →