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Japan earthquake and other catastrophes likely to erase close to 25 of profit for reinsurers

Edwards Wildman Palmer LLP
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Australia, Japan, New Zealand
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April 19 2011

Recent global catastrophes are likely to erase close to 25 of first quarter profits for reinsurers with exposure to the Japan and New Zealand earthquakes as well as the Australia floods, a recent MarketWatch article reported

Personal dwelling losses top $2 billion in Japan

Edwards Wildman Palmer LLP
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Japan
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June 9 2011

A recent Business Insurance article reported that Japanese insurers have paid almost $2.27 billion to cover approximately 125,000 claims associated with earthquake damage to personal dwellings stemming from the March 11 tsunami and earthquake that devastated Japan

Japan's government will likely bear most of the damages resulting from the earthquake

Edwards Wildman Palmer LLP
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Japan
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March 17 2011

According to a recent article in the New York Times, insurance and reinsurance companies from Japan and abroad, as well as hedge funds and other investors in catastrophe bonds, are expected to bear a relatively small portion of the losses stemming from the earthquake and resulting tsunami, which is expected to exceed $100 billion

A reinsurance perspective: the aggregation of losses following the Tohoku earthquake and tsunami

Edwards Wildman Palmer LLP
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Japan
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December 23 2011

The converging events that led to the devastation in Japan will raise a number of issues relating to the aggregation of losses under reinsurance contracts

Japan reinsurance losses estimated at $30 billion

Edwards Wildman Palmer LLP
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Japan
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July 22 2011

Reinsurance broker Holborn reported that losses from the Japanese earthquake and tsunami could reach an all-time high for reinsurers at $30 billion, according to a recent article in the Insurance Insider

New Japanese insurance law concerning insurance contracts comes into force

Edwards Wildman Palmer LLP
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Japan
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April 8 2010

The new Japanese Insurance Act (the Insurance Act), which was passed by the Japanese Diet in May 2008 came into force on 1 April 2010

Search results

Japan earthquake and other catastrophes likely to erase close to 25 of profit for reinsurers

Personal dwelling losses top $2 billion in Japan

Japan's government will likely bear most of the damages resulting from the earthquake

A reinsurance perspective: the aggregation of losses following the Tohoku earthquake and tsunami

Japan reinsurance losses estimated at $30 billion

New Japanese insurance law concerning insurance contracts comes into force

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