Summary of Re/Insurers’ Loss Estimates from Japan’s Earthquake, Tsunami
Risk modeling agency RMS has estimated the total insured loss at between $21 billion and $34 billion, while rivals EQECAT and AIR Worldwide are expecting losses of $12 billion-$25 billion and $20 billion-$30 billion, respectively.
The following are company loss estimates issued so far:
Munich Re – €1.5 billion ($2.1 billion)
Swiss Re – $1.2 billion
Chartis – $700 million
PartnerRe – $500 million
Hannover Re – € 250 million [$357 million]
Everest Re – $320 million
Axis Capital – $285 million
SCOR – €185 million [$264 million]
RenaissanceRe – $220 million
ACE – $200 million-$250 million
Amlin – £80-£150 million ($130-$244 million)
Transatlantic – $240 million
Aspen – $160 million
Validus – $139 million
Flagstone Re – $80 million-$130 million
Montpelier Re – $126 million
Endurance – $125 million
Hiscox – $100 million
Alterra – $60 million-$100 million
Platinum – $87 million
Argo – $60 million
Chaucer – £27.5 million [$45 million]
Novae – $25 million-$40 million
Omega – $23.6 million
Hardy – £9 to £12 million [$14.6 to $19.5 million]
MINIMUM TOTAL: – $7.57 billion
(Compiled by Myles Neligan and Ben Berkowitz; editing by Will Waterman, Steve Orlofsky and Andre Grenon)