QBE, Australia’s global insurance group, announced a 53 percent increase in the half year net profit after tax of US$673 million. The group noted that this figure was “within the range provided to the market on 14 June 2011.” QBE …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during July. The report is prepared by Impact …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been gearing up to face the 2011 Atlantic Hurricane Season by “providing assistance to Caribbean nations to prepare for the tropical cyclones that are expected to affect the region.” The CCRIF said …
The Aon Benfield UCL Hazard Centre has launched an introductory guide -“Getting to Grips with Non-Modelled Perils” – on volcanoes, landslides and tsunamis, which highlights the important characteristics that global insurers should know and consider when assessing their risks. It …
Bermuda-based AXIS Capital Holdings Limited has estimated that the total net financial impact of the June 2011 aftershock in New Zealand and the series of severe weather events that occurred in the U.S. in April and May 2011 are expected …
The total costs associated with natural catastrophes will reach a record this year after an earthquake in Japan pushed first-half losses to $265 billion, according to Munich Re. The world’s biggest reinsurer by revenue said on Tuesday that the earthquake …
UK and Lloyd’s insurer Amlin plc held a presentation for analysts today focused on updating its catastrophe estimates. Amlin estimated that net claims from the two major U.S. tornadoes during April and May 2011 were approximately $50 million. It also …
Allied World Assurance Company Holdings, AG has announced that it expects to record approximately $65 million to $75 million in catastrophe related losses and loss expenses in the second quarter of 2011. The company said the majority of those losses …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during June. Published by Impact Forecasting, the firm’s …
The Willis Re’s 1st View Renewals Report for June/July 2011, entitled – “Mixed Messages“- estimates that “a string of natural catastrophes in the first quarter of 2011 has cost reinsurers in the region of 10 percent of their total shareholders’ …
