Search Results

Aon Benfield says global reinsurance capital declined by more than 6 percent in the first quarter of this year.

German-based reinsurer Hannover Re AG says Japan's devastating earthquake and tsunami cost it $344 millionpart of a heavy burden of losses from natural disasters that weighed down its earnings.

Insured losses from the March 11 Japan earthquake and tsunami will likely range between $21 billion and $34 billion, including both P&C and life and health claims.

As more companies report estimated losses for the March 11 Japan earthquake and tsunami, a couple of Bermuda executives say that a market turn is beginning to occur.

As a pair of global reinsurers issued loss estimates in the billions for the March 11 Japan earthquake and tsunami, a Moody’s report indicates that commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the event.

In the wake of a magnitude 9.0 earthquake that struck Japan on March 11, with insured-loss estimates reaching as high as $35 billion, analysts and rating agencies fell on either side of the debate about whether the event will cause a turn in the long-running soft-market cycle.

Modeler EQECAT has come up with an insured loss estimate of between $12 billion and $25 billion for what is now being called the Tohoku earthquake in Japan, as ACE Ltd. and SCOR have released individual preliminary estimates of their losses due to the magnitude 9.0 March 11 quake.

Lloyd's Market Franchise Board gave its "in principle" approval for the creation of Syndicate 2015, SCOR announced.