The Million Dollar Round Table (MDRT) and the MDRT Foundation announce a cumulative donation of USD 248,000 from their MDRT Japan Relief Fund established following the earthquake and tsunami that…
Owing to exceptionally high costs for natural catastrophes, Munich Re posted a consolidated loss of €948m for the first quarter of 2011 (previous year: profit of €485m). Despite this quarterly…
Swiss Re reports a net loss of USD 665 million for the first quarter of 2011, compared to a profit of USD 158 million in the same period of 2010.…
Zurich, 28 March 2011 — According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were USD 218 billion in 2010, more than triple…
Last week the United Nations Security Council passed a resolution on enforcing a no-fly zone over Libyan airspace and its intention to prevent attacks on the civilian population by the…
Disasters disrupt progress and destroy the hard-earned fruits of painstaking developmental efforts, often pushing nations, in quest for progress, back by several decades. Thus, efficient management of disasters, rather than…
We are listing here the costliest insured losses due to earthquake in Japan and the whole world.Â
Swiss Re estimates claims costs of USD 1.2 billion, net of retrocession and before tax. Estimates subject to high degree of uncertainty due to complexity of loss assessment.
Zurich Financial Services Group (Zurich) and AIA Group Limited (AIA) today announced that Zurich Employee Benefits Network (ZEBN), a business area of Zurich Global Life, and AIA have agreed to…
Marine transit insurance policies are issued to cover dispatches from anywhere in the country to anywhere in the country. No such policy should be issued without specifying the originating point…