As the Reinsurance Rendezvous opens in Monte Carlo, A.M. Best Co. has issued a comment on the possible impact of Hurricane Katrina on the global insurance industry. Many of the biggest European companies – Munich Re ($493 million), Swiss Re …
Japan’s Prime Minister Junichiro Koizumi has won an overwhelming victory in elections to the Lower House of the country’s Parliament. Koizumi called a snap general election last August (See IJ Website Aug. 7) following legislators’ rejection of his plan to …
Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies has released its annual, comprehensive study of the property catastrophe reinsurance market, The World Catastrophe Reinsurance Market: 2005. The report, …
Bermuda-based PartnerRe Ltd. has issued a bulletin providing an update on the catastrophic events of the third quarter, and the potential impact on the Company’s shareholders’ equity. The bulletin did not give any specific loss estimates. The reinsurer indicated that …
Typhoon Nabi roared ashore on Japan’s Southern Island of Kyushu. So far the storm has caused at least one confirmed death; 16 people are reported missing and 23 have reportedly been injured. Nabi is packing winds of around 90 mph …
At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to $30 billion range. Policyholders with …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Japan’s NIPPONKOA Insurance Company Limited with a stable outlook. “The rating reflects Nipponkoa’s excellent market profile, strong risk-adjusted capitalization and stable operating performance,” said …
At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion range. Policyholders with …
Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up by insurance companies. This and other hurricane-related information can be …
Typhoon Mawar came ashore on Honshu, Japan’s main island, early Friday morning (local time) packing winds up to 95 mph (152 kph) and heavy rains that triggered flood warnings for the Tokyo region. At least two people have died in …
