losses

Reinsurer Munich Re has announced its initial estimate of their claims burden from the earthquake event in Japan on March 11th. They provisionally estimate that their losses from the devastating earthquake and tsunami could total as much as €1.5 billion after retrocession and before tax.

American International Group (AIG) issued a press release late on Friday to announce the estimated catastrophe losses experienced by its property and casualty subsidiary Chartis in the first quarter 2011. Total estimated insured losses for the quarter are expected to come to around $1 billion with around $700m attributed to the Japanese earthquake and tsunami […]

Swiss Re has issued a press release announcing its initial estimate of its claims costs from the recent Japanese earthquake and tsunami events. They estimate their claims, net of retrocession and before tax, at $1.2 billion and point out that this figure is subject to a high degree of uncertainty as events unfold.

Data required to identify whether losses will be borne by some of the catastrophe bonds exposed to the Japanese earthquake disaster is not available at the moment. This is hindering risk modelling firm efforts to calculate index values and determine losses on the exposed cat bonds.

We’ve performed some analysis on the catastrophe bond transactions which have exposure to Japanese earthquake risks to try to give our readers a better impression of the likelihood of any of them suffering a loss after Friday’s massive earthquake and tsunami. It’s proved difficult, as some of the cat bond transactions have minimal information available […]

For our latest updates read our article from the 14th March. Here are some updates on the situation in Japan after the major earthquake and tsunami event which struck the country on Friday 11th March. Events are still unfolding and it is likely that much uncertainty will exist over the damage totals and effects of […]

Here are some of the relevant updates regarding the events unfolding in Japan following yesterdays magntiude 8.9 – 9.1 earthquake and resulting tsunami. The news coming out of Japan shows significant damage and devastation in areas affected by the tsunami and quake, with the city of Sendai and surrounding area particularly badly hit.

Reinsurer Munich Re has announced that the catastrophe events in Australia and New Zealand which occurred in the first two months of 2011 have already caused a claims burden of around $1.5 billion. The New Zealand earthquake is estimated to have cost them around $1 billion and the flooding in Australia and Cyclone Yassi approximately […]

The Association of British Insurers (ABI) has released some figures on the claims received following the cold snap in the UK during December 2010. The cold snap experienced the year before in 2009 resulted in £650m in claims, the most recent 2010 cold snap has seen that figure double to £1.4 billion as the cold […]

CATCo Investment Management, who recently launched their Reinsurance Opportunities Fund and floated it on the London Stock Exchange, have announced that they don’t foresee any impact from the Australian flooding events on their funds portfolio.