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Crisis In Japan: Insurers' Strong Capital Should Help Forestall Rating Actions Related To The Japanese Earthquake Mar 11
Standard & Poors, March 2011
Abstract
It is, of course, impossible to put a price tag on the tragic suffering and fatalities stemming from the March 11 Japanese earthquake and the fires and tsunami that followed. However, property/casualty insurers and reinsurers worldwide have been working to put a price on the losses-particularly the insured losses-related to these events. It will be days or weeks before it's possible to assess the full impact on the affected companies. Already, however, one thing seems clear: The damages from the Great Tohoku earthquake could be among the greatest ever recorded for a natural disaster. Some estimates are that total damages could hit at least $100 billion, with $35 billion in insured losses (excluding tsunami damage). Standard & Poor's Ratings Services...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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