Beazley Remains Confident, Despite Q1 Catastrophes
The first quarter of 2011 reminded the insurance industry of just how unpredictable natural catastrophes can be. Beazley plc, which is headquartered in Dublin, but whose main activities, are in the Lloyd’s market, and increasingly in the U.S., saw Q1 …
Baldwin & Lyons Predicts $15.5M Loss from International Catastrophes
Indianapolis, Ind.-based property and casualty insurer Baldwin & Lyons Inc. announced that, based on preliminary information received from its ceding reinsurers, the estimated after tax loss associated with first quarter catastrophes, including the Christchurch, New Zealand, earthquake, the Sendai, Japan, …
Transatlantic Holdings Estimates Q1 Cat Losses at $355 Million
Transatlantic Holdings (TRH) announced that it expects to incur total net catastrophe costs (net of reinstatement premiums and reinsurance) in the first quarter of 2011 of approximately $355 million, net of tax, based on its preliminary assessment of the impact …
Reinsurance Rates Rising, But Few Agree Where, How Much
Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the future. Going into 2011, brokers and analysts estimated it …
Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable
Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide stability and accretive capital to insurers.” While the conclusion …
Lloyd’s Director Luke Savage on 2010 Results, Japan, What’s Ahead
His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were released on Wednesday, March 30. …
AIG Estimates $1 Billion in Q1 Catastrophe Losses, Most from Japan
American International Group Inc. said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan. AIG said its exposure would be about $900 million after-tax. …
