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Natural disasters

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Bermuda Red Cross seeking support for Nepal

The Bermuda Red Cross is urging the public to lend a hand to support those affected by devastating earthquakes in Nepal. A 7.9 magnitude earthquake struck the country on Saturday, destroying buildings in the capital of Kathmandu, killing more than 4,...
Apr 27, 2015
Other

Fundraisers planned for Caribbean flood relief

The West Indian Association (Bermuda) are planning a series of fundraising events to help those affected by flooding in the West Indies. Association president Chandra Persad, said that St Vincent and The Grenadines and St Lucia were both devastated b...
Jan 24, 2014
Other

"XL Group plc announce $135 million loss estimate"

XL Group plc announced this evening an approximate $135 million preliminary net loss estimate in the second quarter of 2013, relating to natural catastrophes, according to a press release from the re/insurer. XL Group plc, which is a global insurance...
Jul 11, 2013
Opinion Writer

"Seeking shelter from the apocalypse"

If my calculations are correct, only about 200 Bermudians will live to acknowledge Christmas this year. This is because, give or take a few for possible global tardiness, the ancient Mayan civilization prediction of the Doomsday is about six months a...
May 30, 2012
Reinsurance

"Validus sees losses up to $75m from tornadoes"

Validus Holdings Ltd expects to take a hit of $55 million to $75 million from the two severe storm outbreaks that shook the US during April and May 2011, according to initial loss estimates. The storms consisted of flooding, hail, tornadoes and wind ...
Jun 24, 2011
Reinsurance

"Aon: Insured losses from US weather events top $15.5b"

NEW YORK (Reuters) - Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp said yesterday. Almost all of that comes from th...
Jun 23, 2011
Reinsurance

"Alterra sees US cat losses of up to $28m"

Alterra Capital Holdings Ltd., the Bermuda-based reinsurer, expects to lose $18 million to $28 million before taxes because of costs tied to tornadoes and other severe U.S. storms in April and May. The prediction, which also cited recent flooding alo...
Jun 22, 2011
Other

"Colleagues to help in Japan disaster relief"

Three workers are heading to Japan to personally show the victims of the devastating earthquake and tsunami that Bermuda is thinking of them. Takeshi Iwaguchi, Bror Muller and Victoria Clipper are to travel 7,500 miles to help complete strangers who ...
Jun 02, 2011
International Business

"Bermuda re/insurers await further cat losses from US tornadoes"

Bermuda’s re/insurance industry is bracing itself for more catastrophe losses after an expensive first quarter from the deadly tornadoes that have wreaked havoc in the United States. The storms, some of which have been classified as EF5 storms - the ...
May 02, 2011
Reinsurance

"Everest sees Japan loss of $320m"

Everest Re Group Ltd last night announced it expects to take a $320 million hit from last month’s earthquake and tsunami in Japan. Fellow Bermuda re/insurer Aspen Insurance Holdings Ltd also declared an estimated loss of $160 million from the event, ...
Apr 13, 2011
Other

"Hiscox sees Japan losses of up to $150m"

Bermuda-based insurer Hiscox Ltd today said it expects a potential loss of between $60 million and $150 million in connection with the Japanese earthquake and tsunami of March 11. The company also estimates net claims of about $96 million for the Ne...
Mar 30, 2011
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