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Claims & Run-Off

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • April 2014

    Willis placed $100m ferry liability policy 17 April 2014

    The Chonghaejin Marine-operated ferry carrying 475 passengers ran into difficulties 12 miles off the south-west coast of South Korea.

  • UIB plans Japanese branch office 16 April 2014

    The London Market broker plans to open a branch office before the end of the year, Reactions can reveal.

  • Chile in top 5 for insured quake losses 11 April 2014

    Following the seismic quake in 2010, Chile is in the world’s top five nations for insured losses from earthquakes, says Guy Carpenter.

  • Tria moves step closer to reauthorisation 10 April 2014

    US political parties reach agreement to support extension of Tria for another seven years as Schumer Bill is introduced.

  • Hiscox expands US higher education cover 09 April 2014

    US courts are cracking down on higher education institutions, issuing $1.4m in fines for Clery Act violations last year.

  • Marine total losses fall to 0.13% of fleet 09 April 2014

    New figures show marine total losses fell to just 0.13% of the total fleet during 2013 continuing the long term trend although underwriters were once again exposed to the inherent volatility associated within the market.

  • US winter and Brazil drought hit insurers 09 April 2014

    Major storms in North America and the ongoing drought in Brazil have continued to take their toll on the insurance industry during the first quarter of the year, Aon Benfield has revealed.

  • Quinn costs Irish €66m in 2013 04 April 2014

    The special levy introduced on Ireland's insurance policies to pay for the Quinn Insurance collapse cost Irish insurance buyers €66m last year, government figures confirm

  • New Pro CEO eyes Asian expansion 03 April 2014

    Artur Niemczewski says there is no formal timeline for the Asian expansion but added: “It is definitely on our to-do list.”

  • AIR: Low insured loss from Chile quake 02 April 2014

    Catastrophe modeller AIR Worldwide believe insured losses from Tuesday's earthquake in Chile will be minimal owing to remoteness of the region it struck.

  • Magnitude 8.2 quake strikes Northern Chile 02 April 2014

    A massive earthquake has hit the northern regions of Chile approximately 95 kilometres off the coast, killing five people and forcing mass evacuations.

  • Enstar, Stone Point, complete Torus buy 01 April 2014

    Bermuda-based run off specialist Enstar and Connecticut-based private equity firm Stone Point have completed the near-$1bn acquisition of Torus, and have named its new CFO

  • Missing plane insured losses may hit $450m: S&P 01 April 2014

    War underwriters for the missing Malaysia Airlines plane are reportedly paying half of the $100m hull loss as uncertainty surrounding the plane’s vanishing is strong enough to suggest terrorism.

  • Peak Re makes claims head hire 01 April 2014

    Sophia Chiu has joined Peak Re from Marsh Hong Kong

  • March 2014

    Week in Review 28 March 2014

    Whether the missing Malaysian Airlines MH370 plane was hijacked, suffered technical faults, a pilot suicide, or whichever conspiracy theory you choose to believe, it is clear this is a wakeup call for the aviation industry.

  • Tawa splitting up, reveals $78.3m losses 26 March 2014

    Restructuring Tawa is to split following losing $38.2m on continuing operations and $40.1m on business in run-off, according to its preliminary results for 2013.

  • Malaysian plane deaths could cost industry millions 24 March 2014

    If the vanishing Malaysia plane is found to be targeted by terrorists Lloyd’s syndicate Atrium is reportedly the lead insurer.

  • Allianz starts paying missing plane claims 19 March 2014

    Allianz has started paying claims for the vanished Malaysian airliner but estimates for insured losses vary from $139.1m to $600m.

  • Profit rises at Charles Taylor 19 March 2014

    Charles Taylor has reported a statutory profit of £6.9m for 2013, up from £6.6m in 2012. The full-year dividend has been maintained at 10p a share.

  • Missing plane insured losses may reach $600m 17 March 2014

    As the search for the missing Malaysian Airlines aircraft widens insurers may face claims of up to $600m, Credit Suisse has reported.

  • UK winter weather to cost insurers £1.1bn 13 March 2014

    The UK floods will cost insurers £446m in claims and if storm damage is included the figure rises to £1.1bn, the ABI estimates.

  • Tokyo radiation levels "normal" 10 March 2014

    Three years after an earthquake and tsunami struck Fukushima, radiation levels in Tokyo are now less than those in London and Paris

  • London mkt spends £1bn on claims experts 05 March 2014

    The London market spends over £1bn on third party claims experts per year, Xchanging claims, after developing a platform to tackle the issue.

  • Japan snow claims may reach $580m 04 March 2014

    Japanese insurers face an estimated $580m payout following heavy snow but higher profits from motor and overseas business should offset claims, Fitch Ratings said.

For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.