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Earthquake

Reinsurance

"Insurers estimate NZ quake losses"

Montpelier Re Holdings Ltd today preliminary loss estimates totalling $90 million from catastrophes in New Zealand and Australia this year and has started the process of counting the cost of last Friday’s earthquake and tsunami in Japan. The Bermuda-...
Mar 15, 2011
Other

"Bermudians shaken by Japan’s earthquake"

As Japan struggles to come together following one of the greatest natural disasters on record, Bermudians in the country are sharing their experiences. Teniko Hassell, a 22-year-old student enrolled at Temple University’s Japan campus, said the exper...
Mar 14, 2011
Reinsurance

"Insurers may face $35b bill from Japan quake damage alone"

As Bermuda’s insurers prepare for some hefty claims from the massive earthquake and devastating tsunami that hit Japan on Friday, catastrophe modeller Eqecat said economic losses could top $100 billion. Insured losses could be as high as $35 billion,...
Mar 14, 2011
Reinsurance

"Catastrophe bonds may be triggered"

LONDON (Reuters) - Eight catastrophe bond transactions totalling over a $1 billion could leave financial investors exposed to insured losses after a huge earthquake struck the northeast coast of Japan on Friday, triggering a 10-metre high tsunami. Ca...
Mar 14, 2011
Other

"Bermudian pilot caught up in huge earthquake"

Bermudian George Rose had to endure agonising hours waiting to hear if his son was safe after being caught up in the devastating Japan earthquake. Nicholas Rose is a pilot of high-end jets and flew into Nagoya airport, south of Tokyo, at the exact t...
Mar 12, 2011
Reinsurance

"Catlin estimates quake losses of $125m"

Bermuda based Catlin Group Ltd. has announces a preliminary loss estimate of approximately $125 million for last month’s earthquake that struck New Zealand. The magnitude-6.3 earthquake which erupted near Christchurch resulted in more than 150 deaths...
Mar 11, 2011
Other

"Hundreds dead as massive earthquake and tsunami hit Japan"

TOKYO (AP) -- A ferocious tsunami spawned by one of the largest earthquakes on record slammed Japan's eastern coast today, killing hundreds of people as it swept away ships, cars and homes while widespread fires burned out of control. Hours later, th...
Mar 11, 2011
Reinsurance

"PartnerRe estimates quake losses of up to $240m"

PartnerRe Ltd. has estimated losses of between $180 million and $240 million from the earthquake that shook New Zealand last month. The initial estimate of expected losses relates to the M6.3 earthquake which occurred near Christchurch on February 21...
Mar 09, 2011
Other

"Reinsurers losses from NZ quake run into tens of millions"

Bermuda reinsurer Validus Holdings Ltd today estimated its losses from last week’s deadly New Zealand earthquake at between $25 million and $50 million. It based this on an industry loss estimate for the earthquake, which left more than 100 people d...
Feb 28, 2011
Reinsurance

"Credit Suisse: Quake may boost reinsurance rates"

NEW YORK (Bloomberg) New Zealand’s deadliest earthquake in eight decades, which toppled buildings and trapped workers in Christchurch, the country’s second-largest city, may lead to higher prices for reinsurance in the Asia-Pacific region. Bermuda is...
Feb 24, 2011
Reinsurance

"Losses from fresh NZ quake may top $6b, says analyst"

Bermuda reinsurers will face heavy claims from New Zealand for the second time in less than six months after the country was hit by a deadly earthquake. Total losses from the quake that devastated Christchurch yesterday may top the $6 billion of loss...
Feb 23, 2011
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