Reinsurance

Aon Benfield launched what it says is the first storm-surge model for Germany to help reinsurers and insurers quantify risk in an “underdeveloped line of coverage.”

Aon Benfield launched what it says is the first storm-surge model for Germany to help reinsurers and insurers quantify risk in an “underdeveloped line of coverage.”

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

Risk Management Solutions says insured losses from the March 11 Japan earthquake and tsunami will likely be between $21 billion and $34 billion, including both property and casualty and life and health claims.

The value of insurance-linked securities placements increased by more than half in the first quarter of this year as four insurers placed more than $1 billion in bonds in the market, according to a report from Willis Group.

New reports are supporting the notion that while the Japan earthquake and tsunami may not be enough to reverse the soft market, the impact of combined first-quarter catastrophes should improve pricing in some areas.