• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Crisis In Japan: First-Quarter Catastrophe Losses Are Creating A Significant Drag On Global Reinsurers' 2011 Full-Year Earnings May 11 Product Image

Crisis In Japan: First-Quarter Catastrophe Losses Are Creating A Significant Drag On Global Reinsurers' 2011 Full-Year Earnings May 11

  • ID: 1829860
  • May 2011
  • Region: Global, Japan
  • Standard & Poors

FEATURED COMPANIES

  • ACE Insurance S.A. - N.V.
  • Casiopea Re S.A.
  • Flatiron Re Ltd.
  • Lexon Insurance Co.
  • PartnerRe Ltd.
  • SUECIA Insurance Co.
  • MORE

Abstract
The year isn't even half over, and major natural catastrophes have already hit many parts of the world. These events generated about $45 billion in insured losses in the first quarter of 2011. Such losses this early in 2011 have already consumed most reinsurers' catastrophe budgets for the year. For some companies, these losses might be high enough to result in a net loss for 2011, even if there are no more major catastrophes this year. With more than six months still left in the year, which include North America's hurricane season, reinsurers are crossing their fingers and keeping a close eye on the weather reports. The financial impact of the 9.0 magnitude Tohoku earthquake and following tsunami that hit...

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.

- American International Group Inc.
- General Reinsurance Corp.
- Hannover Rueck SE
- Swiss Re Life & Health Ltd.
- Clearwater Insurance Co.
- Everest Reinsurance Co.
- Swiss Re Frankona Rueckversicherungs Aktiengesellschaft
- Swiss Reinsurance America Corp.
- Swiss Reinsurance Co. Ltd.
- INSA Insurance Corp. (publ)
- European Reinsurance Co. of Zurich
- Radian Reinsurance Inc.
- Motors Insurance Corp. (Unsolicited Ratings)
- New England Reinsurance Corp.
- Munich Reins America Inc.
- AXA Re
- GE Reinsurance Corp.
- Odyssey Reinsurance Co.
- ACE Ltd.
- GLOBALE Rueckversicherungs-AG
- Swiss Re Italia SpA
- Royal & Sun Alliance Reinsurance Ltd.
- AXA Corporate Solutions Reinsurance Co.
- The Copenhagen Reinsurance Co. Ltd.
- SCOR SE
- Swiss Re Denmark Reinsurance A/S
- Arch Specialty Insurance Co.
- Gerling Global Re Corp. of America
- Westport Insurance Corp.
- National Reinsurance Corp.
- Munich Reinsurance Co.
- San Francisco Reinsurance Co.
- ACE Financial Services Inc.
- Enhance Financial Services Group Inc.
- E+S Rueckversicherung AG
- Odyssey Re Holdings Corp.
- Centreline Reinsurance Ltd.
- Centre Reinsurance Ltd.
- Centre Reinsurance International Co.
- PXRE Corp.
- XL Reinsurance America Inc.
- XLIT Ltd.
- Trenwick Group Ltd.
- Sirius International Insurance Corp.
- Trenwick America Reinsurance Corp.
- RGA Reinsurance Co.
- AXA Reinsurance U.K. Ltd.
- Compagnie Generale de Reassurance de Monte Carlo
- Alabama Reassurance Co. Inc. (Unsolicited Ratings)
- City Holdings Reinsurance Life Co.
- General Re Life Corp.
- Revios Reinsurance U.S. Inc.
- Consumers Reinsurance Co.
- FFRL Re Corp.
- Scottish Re Life Corp.
- International Reinsurance Co.
- Swiss Re Life & Health America Inc.
- LifeRe Insurance Co.
- Lincoln National Reassurance Co.
- Phoenix Life and Reassurance Co. of NY
- MIMLIC Life Insurance Co.
- Munich American Reassurance Co.
- Harbourton Reassurance Inc.
- Old United Reinsurance Co.
- London Life Reinsurance Co.
- Hannover Life Reassurance Co. of America
- Swiss-Am Reassurance Co.
- UFS Life Reinsurance Co.
- USLife Credit Life Insurance Co. of AZ
- Dealers Reinsurance Life Co.
- Advanta Insurance Co.
- QBE Reinsurance Corp.
- Aristar Insurance Co.
- Baltica-Skandinavia Reinsurance Co. of America Inc.
- Century Reinsurance Co.
- Charger Reinsurance Group
- ACE American Reinsurance Co.
- Cologne Reinsurance Co. of America
- Corpa Reinsurance Co.
- Dorinco Reinsurance Co.
- Eastern States Reinsurance Co.
- EMC Reinsurance Co. (Unsolicited Ratings)
- Mapfre Reinsurance Corp.
- Excess Reinsurance Co.
- Arch Insurance Co.
- Sirius America Insurance Co.
- Frandisco Property & Casualty Insurance Co.
- General Fidelity Insurance Co.
- Gerling Global Reinsurance Corp. (U.S. branch)
- Global Surety & Insurance Co.
- Great Lakes Insurance Co.
- Guilderland Reinsurance Co.
- Gulf States Insurance Co.
- Hamburg International Reinsurance Co. U.S. (P/C Branch)
- SUECIA Insurance Co.
- Interamerica Reinsurance Corp.
- International Credit of North America Reinsurance
- Linsco Reinsurance Co.
- Midstates Reinsurance Corp.
- MGIC Reinsurance Corp.
- Middle States Insurance Co. Inc.
- Monticello Insurance Co.
- MONY Reinsurance Consolidated
- National Assurance Indemnity Co.
- National Insurance Co. of Wisconsin Inc.
- New Jersey Re-Insurance Co. (Unsolicited Ratings)
- Old Republic Mercantile Insurance Co.
- General Accident Reinsurance Co. of America
- Paladin Reinsurance Corp.
- Paradigm Insurance Co.
- Pennsylvania Reinsurance Co.
- Philadelphia Reinsurance Corp.
- Fair American Insurance and Reinsurance Co.
- Reinsurance Co. of America Inc.
- Insurance Corp. of NY
- Partner Reinsurance Co. of U.S.
- San Antonio Reinsurance Co.
- SCOR Reinsurance Co.
- Shelter Reinsurance Co. (Unsolicited Ratings)
- North Star Reinsurance Corp.
- Spartan Insurance Co.
- Standard Casualty Co.
- Transatlantic Holdings Inc.
- Transatlantic Reinsurance Co.
- Unione Italiana Reinsurance Co. of America
- U.S. International Reinsurance Co.
- AXA Re America Insurance Co.
- Young American Insurance Co.
- PartnerRe Insurance Co. of N.Y.
- Wisconsin Reinsurance Corp.
- Discover Reinsurance Co.
- Distributors Insurance Co.
- Medmarc Mutual Insurance Co.
- NLC Mutual Insurance Co.
- Tariff Reinsurances Limited (U.S. branch)
- Finial Holdings Inc.
- Finial Reins Co.
- Fairfax Financial Holdings Ltd.
- Assured Guaranty Mortgage Insurance Co.
- QBE Insurance (Europe) Ltd.
- QBE Reinsurance (Europe) Ltd.
- Chartwell Re Corp.
- Assured Guaranty Re Overseas Ltd.
- Trans Re Zurich
- Alea Europe AG
- PXRE Reinsurance Co.
- E.ON International Finance B.V.
- PartnerRe S.A.
- American Re Capital
- Secura N.V.
- General Reinsurance AG
- Excess Risk Reinsurance Co.
- Regal Reinsurance Co.
- Omega Reinsurance Corp.
- Catalina Life & Health Reinsurance Co.
- Compagnie Transcontinentale de Reassurance
- Commercial Reinsurance Co.
- Commercial Risk Re-Insurance Co.
- Arig Reinsurance Co. B.S.C.
- Cologne Re of Dublin (The)
- Swiss Re Germany AG
- Reinsurance Group of America Inc.
- ACE Capital Title Reinsurance Co.
- General Reinsurance UK Ltd.
- PARIS RE Asia-Pacific Pte. Ltd.
- AXA Corporate Solutions Life Reinsurance Co.
- Great Plains Reinsurance Co.
- Guaranty Reassurance Corp.
- LeafRe Reinsurance Co.
- SCOR Canada Reinsurance Co.
- SCOR Deutschland Ruckversicherungs AG
- SCOR Italia Riassicurazioni SpA
- SCOR Reinsurance Co. (Asia) Ltd.
- SCOR Reinsurance Asia-Pacific
- SCOR U.K. Co. Ltd.
- Atrium Insurance Corp.
- Clayton Reinsurance Ltd.
- CNA Reinsurance Co.
- HomePlus Insurance Co.
- Housing Authority Property Insurance Inc.
- Overseas Partners U.S. Reinsurance Co.
- Arch Reinsurance Co.
- Southern Farm Bureau Property Insurance Co.
- Centre Reinsurance (U.S.) Ltd.
- GE Frankona Reassurance Ltd.
- Swiss Re Frankona Reinsurance Ltd.
- Swiss Reinsurance Ireland Ltd.
- Swiss Re Europe S.A.
- Munich Reinsurance Co. of Australasia Ltd.
- Swiss Re Australia Ltd.
- Swiss Reinsurance Co. (Australian Branch)
- Swiss Re Australia Ltd. (New Zealand Branch)
- Partner Reinsurance Co. Ltd.
- Renaissance Reinsurance Ltd.
- ACE Tempest Reinsurance Ltd.
- Mapfre Re, Compania de Reaseguros, S.A.
- Swiss Re Financial Products Corp.
- ACE Insurance S.A. - N.V.
- The Copenhagen Reinsurance Co. (U.K.) Ltd.
- General Reinsurance Australia Ltd.
- Inter-Ocean Reinsurance Co. Ltd.
- Vitodurum Reinsurance Co.
- RenaissanceRe Holdings Ltd.
- LaSalle Re Holdings Ltd.
- African Reinsurance Corp.
- SCOR Rueckversicherung (Deutschland) AG
- Asian Reinsurance Corp.
- Caisse Centrale de Reassurance
- Central Reinsurance Corp.
- Taiping Reinsurance Co. Ltd.
- Faraday Reinsurance Co. Ltd.
- Deutsche Rueckversicherung AG
- Egyptian Reinsurance Co.
- Europaische Reiseversicherungs AG
- General Ins. Corp. of India
- Gerling Global Reinsurance Co.
- Great Lakes Reinsurance (U.K.) PLC
- Hannover Reinsurance Group Africa (Pty) Ltd.
- Korean Reinsurance Co.
- Kuwait Reinsurance Co. K.S.C.
- La Estrella S.A. de Seguros y Reaseguros (Unsolicited Ratings)
- MNRB Holdings Bhd.
- Mercantile and General Reinsurance Co. of Canada
- Milli Reasurans T.A.S.
- Munich Reinsurance Co. of Canada
- Musini, S.A. de Seguros y Reaseguros
- Nacional de Reaseguros S.A.
- Nationale Borg-Maatschappij N.V.
- S.A.S.A. Assicurazioni Riassicurazioni SpA (Unsolicited Ratings)
- Societe Centrale de Reassurance
- Swiss Reinsurance Co. U.K. Ltd.
- Swiss Reinsurance Co. Canada
- Thai Reinsurance Public Co. Ltd.
- Toa Reinsurance Co.
- Universal Malayan Reinsurance Corp.
- RAM Reinsurance Co Ltd.
- PartnerRe Ltd.
- New York Life Agents Reinsurance Co.
- Princeton Reinsurance Co.
- IPCRe Ltd.
- Muenchener Rueck Italia SpA
- New Reinsurance Company Ltd
- SPS Reassurance S.A.
- Core Insurance Co.
- MGIC Mortgage Reinsurance Corp.
- MGIC Reinsurance Corp. of WI
- MGIC Residential Reinsurance Corp.
- BEST RE
- SCOR Global Life Reinsurance U.K. Ltd.
- Swiss Re Life & Health Canada
- Pelayo Mutua de Seguros y Reaseguros a Prima Fija (Unsolicited Ratings)
- XL Re Ltd.
- Mapfre Mutualidad de Seguros y Reaseguros a Prima Fija
- FIATC Mutua de Seguros y Reaseguros a Prima Fija y Sociedades Filiales
- Atradius Re S.A.
- GWL&A Financial Inc.
- IRB-Brasil Resseguros S.A.
- Bilbao, Compania Anonima de Seguros y Reaseguros S.A.
- Swiss Re Life & Health Australia Ltd.
- HCC Insurance Holdings Inc.
- Revios Reinsurance Canada Ltd.
- Gerling Global Reinsurance Co., Toronto
- General Reinsurance Africa Ltd.
- General Reinsurance Life Australia Ltd.
- Munich Reinsurance Co. of Africa Ltd.
- Swiss Re Ireland Ltd.
- Top Layer Reinsurance Ltd.
- Toa Reinsurance Co. of America
- American Life & Annuity Co. (TN)
- Facility Insurance Corp.
- Maxum Casualty Insurance Co.
- MHN Reinsurance Co. of Arizona
- NHC Insurance Co.
- Value Health Reinsurance Inc.
- Commercial Risk Reinsurance Co. Ltd.
- ACE Bermuda International Reinsurance (Ireland) Ltd.
- XL Re Europe SA
- VIDA CAIXA, S.A. de Seguros y Reaseguros
- Skandia Vida, S.A. de Seguros y Reaseguros
- Validus Re Europe Ltd.
- Danielson Reinsurance Corp.
- North American National Re Insurance Co.
- Arch Excess & Surplus Insurance Co.
- Tokio Marine Global Re Ltd.
- Pacific Life Re Ltd.
- PXRE Reinsurance Ltd.
- Everest Reinsurance Holdings Inc.
- XL Re Latin America Ltd.
- Compania Espanola de Seguros y Reaseguros de Credito y Caucion S.A.
- Assured Guaranty Re Ltd.
- Ontario Reinsurance Co. Ltd.
- Pacific Beacon Life Reassurances Inc.
- RCA Syndicate #1 Ltd.
- Tokio Millennium Re AG
- Annuity & Life Re (Holdings) Ltd.
- Casiopea Re S.A.
- Everest Re Group Ltd.
- Hannover Reinsurance (Ireland) Ltd.
- E+S Reinsurance (Ireland) Ltd.
- Syncora Guarantee Re Ltd.
- Everest Reinsurance (Bermuda) Ltd.
- Talanx AG
- ING Re (Netherlands) N.V.
- Swiss Re Life & Health Nederland N.V.
- Polskie Towarzystwo Reasekuracji S.A.
- Hannover Reinsurance (Dublin) Ltd.
- Mitsui Sumitomo Reinsurance Ltd.
- Swiss Re America Holding Corp.
- Vakuutusosakeyhtio Eurooppalainen (Unsolicited Ratings)
- White Mountains Insurance Group Ltd.
- Alea Jersey Ltd.
- Alea Global Risk Ltd.
- ACE Tempest Life Reinsurance Ltd.
- SCOR Switzerland AG
- Trenwick America Corp.
- DaVinci Reinsurance Ltd.
- Omnium Reinsurance Co. SA
- Scottish Re (U.S.) Inc.
- SCOR Global P&C Ireland Ltd.
- Falcon Insurance Co. (Hong Kong) Ltd.
- MS Frontier Reinsurance Ltd.
- Equator Reinsurances Ltd.
- Sweden Reinsurance Co. Ltd.
- Hannover Re Bermuda Ltd.
- Scottish Re Group Ltd.
- Aspen Insurance Holdings Ltd.
- AXIS Specialty Ltd.
- AXIS Specialty Reinsurance Co.
- Axis Reinsurance Co.
- Montpelier Reinsurance Ltd.
- Montpelier Re Holdings Ltd.
- AXIS Capital Holdings Ltd.
- Endurance Reinsurance Corp. of America
- Endurance Worldwide Insurance Ltd.
- RGA Life Reinsurance Co. of Canada
- SCOR Insurance (UK) Ltd.
- Istmo Mexico Compania de Reaseguros S.A. de C.V.
- SCOR Global Life Rueckversicherung AG
- Argo Group International Holdings Ltd.
- SCOR Global Life Rueckversicherung Schweiz AG
- Liberty Mutual Holding Co. Inc.
- SCOR Global Life Reinsurance Ireland Ltd.
- Munich Mauritius Reinsurance Co. Ltd.
- Hannover Life Reassurance (U.K.) Ltd.
- Hannover Life Reassurance of Australasia Ltd.
- Hannover Life Reassurance Africa Ltd.
- Hannover Reinsurance Africa Ltd.
- Channel Reinsurance Ltd.
- Arch Capital Group Ltd.
- Pozavarovalnica Sava d.d.
- Endurance Specialty Holdings Ltd.
- Flagstone Alliance Insurance & Reinsurance PLC
- RGA International Reinsurance Co. Ltd.
- AXIS Re SE
- Platinum Underwriters Bermuda Ltd.
- Arab Insurance Group (B.S.C.)
- Radian Asset Assurance Ltd.
- HCC Reinsurance Co. Ltd.
- The Society of Lloyd's
- BluePoint Re Limited
- SCOR Global Life SE
- Tokio Millennium Re (UK) Ltd.
- Moscow Re OJSIRC
- Arch Reinsurance Ltd.
- Partner Re Ireland Insurance Ltd.
- Platinum Underwriters Holdings Ltd.
- Platinum Underwriters Reinsurance Inc.
- Deutsche Rueckversicherung Schweiz AG
- Unity Re
- IPC Holdings Ltd.
- New Century Insurance Co. Ltd.
- Amlin AG
- Flatiron Re Ltd.
- Insurance Co. of Trinet (U.S.A.) Inc.
- UNIQA Re AG
- RGA Global Reinsurance Co. Ltd.
- Ariel Reinsurance Co. Ltd.
- Harbor Point Re Ltd.
- Takaful Re Ltd.
- Allied World Assurance Co. (Reinsurance) Ltd.
- Genworth Financial Mortgage Insurance Pty Ltd. (NZ Branch)
- SCOR Global P&C SE
- Ballantyne Re PLC (Unsolicited Ratings)
- Bay Point Re Ltd.
- Validus Holdings Ltd.
- Allied World Assurance Co. Ltd.
- Transamerica International Re (Bermuda) Ltd.
- XL Re Europe SE
- DaVinciRe Holdings Ltd.
- Alterra Capital Holdings Ltd.
- Compania Espanola de Seguros de Credito a la Exportacion S.A.
- Lexon Insurance Co.
- Atradius Seguros de Credito S.A.
- Asia Capital Reinsurance Group Pte Ltd.
- IAG Re Labuan (L) Berhad
- Scor International Reinsurance Ireland Ltd.
- Lloyd's Insurance Co. (China) Ltd.
- Lancashire Holdings Ltd.
- H3C Holdings Ltd.
- PARIS RE S.A.
- PARIS RE Switzerland Ltd.
- IAG Re Australia Ltd.
- HSBC Reinsurance Ltd.
- Partner Reinsurance Europe SE
- International General Insurance Co. Ltd.
- Tokio Marine Retakaful Pte. Ltd.
- MBIA Mexico S.A. de C.V.
- Partnerre America Insurance Company
- Hannover ReTakaful B.S.C.
- Liffey Reinsurance Co. Ltd.
- Harbor Point Reinsurance US Inc
- Allied World Insurance Co.
- KBC Group Re S.A.
- White Mountains Re Bermuda Ltd.
- Triglav Re, Reinsurance Co. Ltd.
- DEVK Rueckversicherungs- und Beteiligungs-AG
- Saudi Re for Cooperative Reinsurance Co.
- VIG RE zajist'ovna a.s.
- Hannover Life Reassurance Bermuda Ltd.
- Munich Re of Malta PLC
- Hannover Re (Ireland) Ltd.
- Arch Reinsurance Europe Underwriting Ltd.
- Everest Reinsurance Co. (Ireland) Ltd.
- Aviva Re Europe Ltd.
- Scotia Insurance (Barbados) Ltd.
- Belarusian National Reinsurance Organization
- Maiden Holdings Ltd.
- Maiden Reinsurance Ltd.
- Maiden Holdings North America, Ltd. (US)
- Maiden Reinsurance North America Inc.
- Maiden Specialty Insurance Co.

Note: Product cover images may vary from those shown

RELATED PRODUCTS