M7.3 earthquake strikes off northern Japan, tsunami warnings issued

Japan has suffered another major earthquake off the coast of Honshu island and a tsunami warning has been issued for the coast of Tohoku region. The same region that saw such immense damage from the March 2011 quake and tsunami is now under a tsunami warning. The first tsunami waves read the full article →

RMS updates Japan earthquake model with lessons from Tohoku

The Tohoku, Japan earthquake and tsunami event in March 2011 was so impactful that it has changed scientists views of earthquake risk across Japan. Nobody expected such a huge tsunami to occur and even though Japan is one of the most earthquake exposed countries in the world, the magnitude and read the full article →

Japan earthquake risk has increased since Tohoku quake

The risk of Japan suffering another major earthquake has increased since the M9.0 Tohoku quake of March 2011 according to research from risk modeller AIR Worldwide. In a report published yesterday AIR discuss the way the energy released by the massive quake last year has put stress on other areas read the full article →

Zenkyoren loss creep makes Muteki loss seem small by comparison

The earthquake and tsunami in the Tohoku region of Japan last March took a large toll on the Japanese Zenkyoren cooperative insurer, also known as the National Mutual Insurance Federation of Agricultural Co-operatives. Zenkyoren had the largest insured portfolio exposure to the Japan quake and is one of, if not read the full article →

PartnerRe’s losses from insurance-linked securities reach over 10% of annual loss

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. First they read the full article →

Japan puts property damage from earthquake at $210 billion

The Japanese Cabinet office has released an estimate this morning for the economic property losses caused by the 11th March earthquake and tsunami disaster. They estimate that the quake and tsunami destroyed buildings and infrastructure worth around $210 billion. The estimate excludes any costs related to the Fukushima nuclear disaster read the full article →

Montana Re catastrophe bond downgraded on Japan earthquake activation

Flagstone Re's Japan earthquake stricken catastrophe bond, Montana Re Ltd., was confirmed as activated and now on risk for subsequent events ten days ago. At the time no report had emerged to identify the impact to the catastrophe bond notes ratings. Now Standard & Poor's have announced that the notes read the full article →

EQECAT raise Tohoku earthquake insured loss estimate

Risk modeller EQECAT have issued an update to their estimate of the insured loss due to the Tohoku earthquake which struck Japan on the 11th March causing massive damage from the widespread shaking and tsunami that followed. Now, almost two months after the earthquake, they have had time to gather read the full article →

PartnerRe see’s $49m in catastrophe bond losses from Tohoku earthquake

PartnerRe announced last month that a portion of their losses due to the Tohoku earthquake and tsunami disaster in Japan would be due to insurance-linked securities. At the time we wrote that it was likely that they had an investment in the Muteki Ltd. cat bond (which is expected to read the full article →