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Earthquake

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
Reinsurance

"Japanese reinsurance rates expected to rise"

TOKYO (Bloomberg) Japan’s biggest non-life insurers may have to pay higher reinsurance rates when they are reviewed next month after the nation’s strongest earthquake. Revisions will be affected in the aftermath of the March 11 temblor and subsequent...
Mar 25, 2011
Reinsurance

"Nephila may see Japan losses"

Bermuda-based hedge fund Nephila Capital is expected to suffer losses through its exposure to the Japanese earthquake, according to a report citing two investor sources on MarketWatch yesterday. The $2 billion fund, which invests in catastrophe bonds...
Mar 25, 2011
Reinsurance

"Platinum set to gain from catastrophe bond protection"

Platinum Underwriters Holdings Ltd has announced preliminary loss estimates totalling $160 million for last month’s New Zealand earthquake and the Australian floods and Cyclone Yasi earlier this year. The Bermuda reinsurer believes that its Topiary C...
Mar 24, 2011
Economy

"No problem yet with Japan parts supply says HWP boss"

The disaster that devastated Japan this month has not had any significant impact on one of Bermuda’s top auto dealers which does business with a number of the country’s vehicle manufacturers. HWP Group president Jonathan Brewin said that despite the ...
Mar 24, 2011
Reinsurance

"Munich Re sees $2.1b loss from Japan disaster"

frankfurt (Bloomberg) Munich Re, the world’s biggest reinsurer, dropped its 2011 profit target after estimating the company’s claims from the earthquake and tsunami in Japan will reach about 1.5 billion euros ($2.1 billion). The first quarter’s “majo...
Mar 23, 2011
Reinsurance

"AIG estimates $1b in first quarter catastrophe losses"

NEW YORK (Reuters) - Bailed-out insurer American International Group (AIG) 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 ...
Mar 21, 2011
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