Commercial Lines

The 2011 floods in Thailand were the most expensive flooding on Swiss Re sigma records, but a study of exposures in emerging markets around the world shows that other countries may represent even greater flood risks.

Swiss Re says its subsidiary Swiss Re Capital Markets has placed a $200 million insurance linked security with the capital markets that has the unique feature of covering the reinsurance exposures of two carriers.

Swiss Re says its subsidiary Swiss Re Capital Markets has placed a $200 million insurance linked security with the capital markets that has the unique feature of covering the reinsurance exposures of two carriers.

Bolstered by reinforcements, fire crews were focusing Wednesday on building containment lines around the 7-square-mile wildfire that destroyed dozens of homes in the mountains southwest of Denver and may have claimed two lives.

Lloyds says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.

The magnitude 7.1 earthquake that rocked Chile on Sunday is not expected to be a significant insurance loss, while Japan once again experienced a significant quake today that fortunately caused no damage.