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Reinsurance

"Insurers on the hook for up to $25b, says Eqecat"

NEW YORK/LONDON (Reuters) - Friday’s earthquake in Japan caused insured losses of between $12 billion and $25 billion, making it one of the costliest natural disasters in history for global insurers, catastrophe risk modeling firm Eqecat said yesterd...

Mar 17, 2011

Reinsurance

"Island’s Japanese-owned reinsurers have no direct exposure to quake"

Two Bermuda-based insurers with Japanese parent companies have no direct exposure to the earthquake and subsequent tsunami that devastated Japan last week. Tokio Millennium Re Ltd and Ms Frontier Reinsurance Ltd do not write business in Japan due to ...

Mar 17, 2011

Reinsurance

"Insurers' shares fall again - but some are oversold, say analysts"

Shares of most Bermuda market re/insurers continued to fall yesterday in the wake of the destruction caused by Japan's earthquake and tsunami last Friday. The worst-hit of the group yesterday was Platinum Underwriters, which slid 4.2 percent in New Y...

Mar 17, 2011

Other

"Bermuda Shorts "

No radiation risk, say local experts The Island should be at a safe distance from Japan’s radiation leaks, according to local scientists. Contaminants released by quake-damaged nuclear plants are “expected at this point to remain in the Pacific basin...

Mar 16, 2011

Other

"Govt. sets aside $50,000 for Japan relief"

Bermuda is to match donations of up to $50,000 given to the Red Cross in aid of Japan. Premier Paula Cox said the donation will be used to help Japan recover following the earthquake and tsunami that hit the Asian nation last week. “No-one in Bermuda...

Mar 16, 2011

Reinsurance

"Insurance shares drop"

NEW YORK (Reuters) - Shares of US insurers fell yesterday after analysts estimated the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever. Shares of American International Group, the lar...

Mar 15, 2011

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

Other

"Bermuda’s insurance industry could face big hit from Japan quake"

Bermuda’s insurance industry could be facing a big hit from the damage caused by the ten-metre tsunami that struck Japan. The 8.9 magnitude earthquake off the northeast coast of Japan - the most powerful to hit the country in 100 years - triggered th...

Mar 11, 2011

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Earthquake

"Insurers on the hook for up to $25b, says Eqecat"

"Island’s Japanese-owned reinsurers have no direct exposure to quake"

"Insurers' shares fall again - but some are oversold, say analysts"

"Bermuda Shorts "

"Govt. sets aside $50,000 for Japan relief"

"Insurance shares drop"

"Insurers estimate NZ quake losses"

"Bermudians shaken by Japan’s earthquake"

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

"Catastrophe bonds may be triggered"

"Bermudian pilot caught up in huge earthquake"

"Bermuda’s insurance industry could face big hit from Japan quake"