All the headlines from our Japan Topic Page, ordered by recency.
Apr 5 2011 // XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of reinsurance and reinstatement premiums, “range from approximately $190 million...
Apr 5 2011 // Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods.The bulletin described the 2011 New Zealand earthquake as...
Apr 4 2011 // Japan’s government expects last month’s earthquake and tsunami to cost up to $300 billion in material damage, but the ultimate cost will be far higher.Tokyo Electric Power Co (TEPCO), operator of the crippled...
Apr 4 2011 // Japan’s nuclear crisis is likely to lead to one of the country’s largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant...
Apr 4 2011 // Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide...
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Apr 1 2011 // The Japanese nuclear crisis has created a public-relations headache for General Electric, but the company so far has escaped any legal fallout, and many experts expect it will continue to do so.GE designed the Mark 1...
Apr 1 2011 // His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were...
Mar 31 2011 // Catastrophe modeling firm AIR Worldwide has released an enhanced typhoon model for the Northwest Pacific Basin. AIR said the “model, which was released in Version 12.5 of AIR’s CLASIC/2™ and CATRADER®...
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
Mar 30 2011 // The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year.Lloyd’s said its businesses had...
Mar 30 2011 // The Japanese earthquake is set to be the first natural disaster that triggers a number of catastrophe bonds, surpassing Hurricane Katrina to become the event with the biggest impact on the alternative reinsurance...
Mar 28 2011 // Standard & Poor’s Ratings Services has placed its ‘B- (sf)’ rating on Montana Re Ltd.’s Class E notes on CreditWatch with negative implications.The notes, totaling $210 million, were originally...
Mar 28 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Mar 28 2011 // New Jersey, the most densely populated state and home to the nation’s oldest nuclear power plant, created a task force Friday to review safety and emergency response plans at nuclear plants in light of the disaster...
Mar 28 2011 // Chartis, the general insurance subsidiary of American International Group, has announced the results of its cash tender offer by its wholly owned subsidiary, Chartis Japan Capital Company, LLC, for all of the outstanding...
Mar 25 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the insurance industry will have to pay out $20 billion to $30 billion in claims.That...
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Mar 24 2011 // American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire...