UPDATE 1-Munich Re expects hurricane loss at 500 mln euros
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German reinsurer Munich Re (MUVGn.DE: Quote , Profile , Research ) expects losses from the three hurricanes that have hit the U.S. to be about 500 million euros ($615 million), a spokesman for the company said ...
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Hurricane Jeanne, the fourth hurricane to hit the US in just six weeks, is set to cost the insurance industry up to $7bn (Â£3.9bn) of losses, making this year&#39;s storm season the costliest on record.
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Munich Re , the world's second-largest reinsurer, warned on Sunday that it would not offer cover against terror attacks in the United States, France and Germany if state-backed pools are not renewed.
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MUNICH Swiss Reinsurance, the world&#39;s second-largest reinsurer, said Monday that claims from the earthquake off the Indonesian island of Sumatra that caused tsunamis from Thailand to India would probably be lower than those tied to the hurricanes in the
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Insured losses in the United States from  Hurricane Ivan are expected to range from $3 billion to $6  billion, a risk assessment group said on Wednesday.
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Swiss Re expects claims from four recent  hurricanes that have devastated parts of the United States and  one typhoon that hit Japan to total some $750 million, the  world's second-largest reinsurer said on Thursday.
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German reinsurance giant Munich Re sought Wednesday to reassure investors with an advance release of its 2007 net profit figure, which surpassed its target and suggested the group had escaped damage from the US subprime crisis.
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HVB Bank, the second largest bank in Germany, said it would post a loss for 2004 after writing down 2.5 billion euros ($3.2 billion) for its real estate loans portfolio.
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Commercial property-liability insurer St. Paul Travelers Cos. expects combined losses from hurricanes Charley, Frances, Ivan and Jeanne to reduce third-quarter earnings by 58 cents a share, the company said Monday.
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Hurricane Helene neared what was expected  to be its peak intensity on Monday with winds of 125 miles per  hour (205 km per hour) as it churned over the open Atlantic on  a path toward Bermuda, U.S. forecasters said.
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The Midland Co. said Friday it expects to incur pretax losses of between $3 million and $4 million from Hurricane Frances, which swept across Florida last weekend.
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Munich Re, the world's biggest reinsurer, said Wednesday that losses resulting from this year's string of hurricanes in the Caribbean and southern United States will make it "much more difficult" to reach its ...
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European insurers face new costs and travel firms could lose business after tsunami waves killed more than 21,500 in Asia this weekend, but the financial impact is expected to be limited compared with other ...
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The 2004 hurricane season is expected to be costly for insurers, with early estimates of $8bn (Â£4.5bn) of losses from just one of the storms that have hit the United States this year.
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Early loss data suggests the insurance  bill from Hurricane Frances, which wreaked havoc across Florida  at the weekend, may turn out to be lower than that of August's  Charley, UK insurer Amlin said on Monday.
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St. Paul Travelers Cos. Inc. expects its net losses from Hurricane Jeanne will be about $93 million, after tax and reinsurance payments.
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Property and casualty insurance provider Safeco Corp. said Tuesday it expects claims from the four hurricanes that hit the southeastern United States in August and September to reduce third-quarter earnings by $127 million, or 96 cents per share.