losses

A new report from modeling, data and analytics firm CoreLogic shows that despite the focus often being on Florida and the Gulf Coast states, the real exposure to hurricanes exists in the New York metropolitan area, including New Jersey and Long Island. Their report which looks at hurricane storm surge risk and damage potential across […]

A number of damaging earthquake aftershocks struck northern Italy yesterday in the same area which was hit by a magnitude 6.0 quake just over a week ago on the 20th May. Yesterday saw an M5.8 earthquake occur followed by two M4.7 aftershocks, then an M5.4 and an M5.1 according to the USGS information. After the […]

The magnitude 6.0 earthquake which struck northern Italy in the early hours of Sunday morning is not expected to produce major insurance losses as it occurred in an area where personal property insurance uptake rates are very low. The quake is the largest to have struck Italy since the 6.3 quake in 2009 which caused […]

Back in January we wrote that U.S. crop insurance losses had hit record levels of $9 billion for the year 2011, with much of those losses attributed to freezing weather across the Southern U.S. states, droughts in the Plains, flooding along the Mississippi river, severe rainstorms and hail from severe thunderstorms. That beat the previous […]

The confusion around whether the Nelson Re catastrophe bond from Glacier Re is going to make a payout to investors continues after the deal was extended again a couple of days ago. This document from the Cayman Islands Stock Exchange shows that an extension notice was submitted on the 28th November, extending the deal until […]

Alterra Capital Holdings, the insurance and reinsurance group formed from the merger of Max Capital and Harbour Point, has announced its third quarter 2011 results (which show solid performance in a not particularly easy market). One item in the results press release is particularly of interest to Artemis readers, their reporting of an investment position […]

You may recall that we wrote about Bermudian reinsurer PartnerRe’s losses from their insurance-linked security investments a number of times earlier this year. After some of the major catastrophes in the first half of 2011, PartnerRe disclosed the amount of losses they were facing from their ILS investment portfolio.

As we wrote yesterday, the Mariah Re catastrophe bonds were the main losers in the secondary market during the month of September as mark to market losses increased due to the realisation that there would be a loss of investor principal for the Series 2010-2 notes and covered losses were still rising for the Series […]

Aon Benfield have estimated that insurers in Australia and New Zealand have recovered as much as $16 billion of their catastrophe losses caused by disasters during 2010 and 2011 from reinsurers. They say this shows how reinsurance has supported these insurers and the reinsurance market has remained effective as nearly two-thirds of their losses have […]

Risk Management Solutions (RMS) have published an estimate of insured losses resulting from the recent hurricane Irene. Their estimate only includes wind and surge impacts covering both the U.S. and Caribbean, so doesn’t include any inland flooding from heavy rainfall or any National Flood Insurance Program losses from surge and rain.