Summary of Re/Insurers’ Loss Estimates from Japan’s Earthquake, Tsunami

Some of the world’s leading insurers and reinsurers have issued initial estimates of how much the earthquake that hit Japan on March 11 will cost them and more are expected do so over the next few weeks. 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) Copyright 2011 Reuters. Click for restrictions.

(This article was taken from the Insurance Journal's website on 4/19/11)