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Max Capital estimates up to $20m Q1 cat loss

15 March 2010

Max Capital Group’s preliminary estimates of combined claims for the Chilean earthquake and the European winter storm Xynthia range from $10m to $20m, net of reinstatement provisions and retrocessions.

Read more: [Max Capital] [Chilean earthquake] [Xynthia] [Marty Becker] [Harbor Point]

Max Capital Group’s preliminary estimates of combined claims for the Chilean earthquake and the European winter storm...


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How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
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$15bn-$30bn
12%
$30bn-$50bn
38%
$50bn-$75bn
31%
$75bn-$100bn
7%
>$100bn
5%

Quote

CEOs won’t move prices until they see blood in the street and have the concern that some of it might be theirs.

Tom Bolt, director of underwriting performance at Lloyd’s of London