Search Results

Flagstone Reinsurance Holdings said losses from natural catastrophes in Australia during the first quarter are expected to be between $60 million and $80 million, while Validus Holdings said last week’s Christchurch, New Zealand earthquake could cost the company between $25 million and $50 million.

PartnerRe Ltd. said it is estimating 2011 first-quarter losses from catastrophe activity in Australia to be between $80 million and $110 million.

Recent flooding in Queensland, Australia, has resulted in about $2 billion in insured losses according to The Insurance Council of Australia.

More news from Digital Insurance, Frank Crystal, ReSource Pro, K&K, Markel, ACORD, Main Street and Lovett.

Fort Worth, Texas-based insurance broker Higginbotham & Associates, a former winner of National Underwriter's Agency of the Year Award, has acquired Corpus Christi, Texas-based Swantner & Gordon Insurance Agency.

The Mexican earthquake in early April with effects in California created a loss for insurers estimated at more than $300 million, according to reinsurance broker Aon Benfield.

Property damage and 95 deaths resulted from a flash flood in Rio de Janeiro following torrential rain yesterday.

In the wake of the 7.2 magnitude earthquake that struck Baja California, Mexico, there were no immediate reports of damage from San Diego or Los Angeles, but inspections of buildings and infrastructure are underway.