insured losses News

Catastrophe modeling firm AIR Worldwide has issued early estimates indicating that insured losses to properties and business income from the Category 5 (Australia Bureau of Meteorology intensity scale) cyclone Yasi that struck Australia at midnight local time, Wednesday, February 2, …

Insured losses from the recent flooding in Australia could top $6 billion, and earnings estimates for Bermudan reinsurers are at risk as a result, Barclays Capital said Tuesday. Barclays analyst Jay Gelb cited early estimates for $4 billion of losses …