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BUZZ-Lloyd's insurers: Peel Hunt details Japan quake exposure

Mon, 18th Apr 2016 07:39

** Peel Hunt says The Lloyd's insurers are likely to beexposed to commercial and industrial losses from a majorearthquake in the southern Japanese island of Kyushu on April 16

** Says no loss estimates are available from the catastrophemodelling agencies, but media reports suggest some majorfactories and plants are being closed, increasing the likelycost of contingent business interruption cover

** Says this could be the first major loss for the sector -which has an important exposure to Japan - but is likely to fallwithin the catastrophe budgets of the industry

** Lloyds insurers Beazley (-2.9 pct), Hiscox(-1.44 pct), Lancashire (+0.84 pct) and Novae (-0.17 pct) (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)

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17 Jan 2017 09:44

Reeken Patel joins Novae as finance chief

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Insurer Novae Makes Interim Finance Chief Patel Permanent CFO

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Novae shares plunge as Canaccord cuts rating to 'hold' after FY warning

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9 Nov 2016 09:53

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Lloyd's Novae remains "confident" about Brexit as profit soars

(ShareCast News) - Lloyd's insurance underwriting company Novae said it was cautious about Brexit but remained "confident" that a London insurance company outside of the EU can flourish, as it reported a rise in half year profits. Novae, an underwriting business at Lloyd's of London, has access to t

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13 May 2016 15:03

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