Retirement Omega was replicated on the market of the Lloyd after estimates of claims to a devastating earthquake in the Japan tripled over the weekend. Modeling agency that AIR said that it might generate a loss assured of more than $14 (£ 9 billion) and more than $34 without loss of tsunami taking into account the risks.
The new saw shares fall Catlin 11.1 to 338.7 p, Beazley retired 3½ to 120.3 p and Hiscox slipped 3-369.3 p.
The scale of the devastation caused by the largest earthquake recorded in the Japan become clearer in the coming weeks, even if global reinsurers are likely to absorb most of the losses.
Kevin Ryan, an analyst at Investc Securities, said: "earthquake of last week is likely to be a loss of reinsurance, at trial even if we suspect that its magnitude may help raise insurance rates."
"The earthquake, tsunamis and aftershocks expected this week are likely to generate one of the largest losses of reinsurance seen, we believe." If this occurs, it will affect insurance and reinsurance prices and it may affect equity markets.
The FTSE 100 hardened 53.43 to 5775.24 like the societies of disaster affected the whole of the market. The broader 250 FTSE closed of 59.87 at 11349.66.
Burberry luxury goods retailer was the biggest faller on the index of blue chip, landslide 51 p to £ 11.23 on concerns that the demand for its products would fall in the wake of the disaster.
Moreover, energy and mining Amec fell 37 percent to 11 pm £ 15 after the evolution of securities cut its rating to add to purchase.
"The battles to control nuclear power plants in the Japan... will focus on security issues in the industry and are likely to be a prelude to renewed against 'new nuclear' battles to the United Kingdom,"Evolution says in his note. "
"We would expect the media"normal"nuclear hysteria lead to more delays in the British programme to build 11 new reactors over the next 15 years, which will not be good news for Amec, who sees nuclear as key elements in its strategy of"Power and process"division."
From the Japan, Vodafone dipped 3.9 to 175 percent on reports that Vivendi is not prepared to pay much more for £ 6bn for stake in listed UK SFR, the French mobile operator company.
Analysts said that vodafine had hoped to receive an offer more close to £ 7bn capital, which has been victim of elimination the strategy of the company to sell non-core assets.
Cairn Energy remote from 1.3 to 428.3 Indian p after that regulators confirmed that they were nearing the end of their appreciation of the offer of more than $9 Vedanta Resources for India Cairn.
The Securities and Exchange Board of India yesterday said that he was the "concluding observations" on the market, although he has not given details. Sources in India, said that the decision remained in balance, despite the development.
At the other end of the scale, Aggreko was characterize most important day after confirming he was ready to equip to the Japan with some of its autonomous gas and diesel generators. Shares in the provider of temporary power reached 116 p £ 15.23.
"Aggreko stands ready to help the Japan and its people in any way that it can provide temporary power if asked," a company spokesman said when asked if Aggreko had received no request to provide units to the Japan.
"We have already marked our commitment to the competent authorities and will deploy our equipment as quickly as possible if necessary."
BG Group reached 54 p £ 15.14 on suggestions that it could also help to provide the Japan with liquefied natural gas (LNG). Brendan of Souza, Seymour Pierce analyst, said: "BG has high capacity in LNG." An impact of the tsunami in the Japan seem to be that certain nuclear facilities may not be able to produce electricity.
"That will have to be converted to other sources, such as gas and coal.
View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
No comments:
Post a Comment