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Earthquake

Reinsurance

"Axis, RenRe estimate combined $500m loss from Japan"

The total expected losses from first quarter catastrophes for Bermuda re/insurers has exceeded $5 billion following the latest set of estimates released by three companies yesterday. Axis Capital Holdings Ltd has estimated a $285 million loss from th...
Apr 19, 2011
Other

"Earthquake leaves Island shaken but not stirred"

The first earthquake in more than a decade hit the Island yesterday. Although the tremors only measured a relatively minor 4.6 on the Richter Scale, the quake generated huge conversation texts and e-mails were sent and phone calls made asking one qu...
Apr 19, 2011
Editorials

"Japan’s reputation avoids meltdown"

(Reuters) Japan’s triple calamity of a huge earthquake, tsunami and a nuclear crisis has prompted an outpouring of sympathy, but that could turn to frustration if Tokyo fails to get the worst nuclear disaster in 25 years under control in coming month...
Apr 16, 2011
Reinsurance

"California in focus as string of giant quakes raises concern"

NEW YORK/LONDON (Reuters) - Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re pretty busy,”...
Apr 11, 2011
Reinsurance

Hardy estimates losses up to £12m from Japan earthquake

Hardy Underwriting Bermuda Ltd has estimated a total net loss of between £9 million and £12 million from last month’s Japanese earthquake and tsunami. The Bermuda-based re/insurer said the losses would come from its property treaty portfolio and pred...
Apr 07, 2011
Reinsurance

"Montpelier anticipates $126m in quake losses"

Montpelier Re Holdings Ltd has announced a preliminary loss estimate of $126 million from the March 2011 earthquake and tsunami in the Tohoku region of Japan. Montpelier also assumes a $25 billion industry loss.
Apr 07, 2011
Other

"Schoolgirl raises $1,250 to help Japanese disaster victims"

A little girl with a big heart yesterday raised more than $1,200 for victims of the earthquake and tsunami in Japan. Six-year-old Kaylee Ann Trott was watching TV yesterday morning while enjoying her Easter break when she learnt about aid efforts go...
Mar 31, 2011
Other

"For one Bermudian in Japan, ‘Tokyo is not the same’"

Life in Japan is “far from normal” for Alfa Ming as he tries to hide his anxiety and get on with things the best he can. The former Bermuda College student admits he is “absolutely scared for his own safety” as the aftershocks keep him awake at night...
Mar 31, 2011
Other

"Flagstone estimates Japan losses up to $130m"

Flagstone Reinsurance Holdings S.A. has estimated losses of up to $130 million from the earthquake and tsunami that devastated Japan this month. The Luxembourg-based company, which has underwriting operations in Bermuda, announced a preliminary loss ...
Mar 30, 2011
Other

"Milk cartons act as collection points for Japan disaster aid"

Bermuda’s two Japanese companies hope your small donations will make a big difference to the victims of devastated communities. Tokio Millennium Re and MS Frontier Re want to help the millions of people in Japan who are struggling to find food and w...
Mar 25, 2011
Other

"Former Bermuda student vows to stay in disaster-hit Japan"

A loyal teacher is refusing to abandon the life he loves in Japan despite his worried parents’ repeated pleas to flee to the safety of Bermuda. Alfa Ming has defiantly said: “I’m not going anywhere” after surviving the massive earthquake and tsunami ...
Mar 25, 2011
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