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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

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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...

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- 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.
- New England Reinsurance Corp.
- AXA Re
- GE Reinsurance Corp.
- Odyssey Reinsurance Co.
- ACE Ltd.
- GLOBALE Rueckversicherungs-AG
- Royal & Sun Alliance Reinsurance Ltd.
- The Copenhagen Reinsurance Co. Ltd.
- SCOR SE
- Swiss Re Denmark Reinsurance A/S
- Gerling Global Re Corp. of America
- Westport Insurance Corp.
- National Reinsurance Corp.
- Munich Reinsurance Co.
- ACE Financial Services 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)
- General Re Life Corp.
- Consumers Reinsurance Co.
- 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
- 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.
- QBE Reinsurance Corp.
- Baltica-Skandinavia Reinsurance Co. of America Inc.
- ACE American Reinsurance Co.
- Corpa Reinsurance Co.
- Guilderland Reinsurance Co.
- SUECIA Insurance Co.
- International Credit of North America Reinsurance
- Linsco Reinsurance Co.
- Midstates Reinsurance Corp.
- MGIC Reinsurance Corp.
- Monticello Insurance Co.
- MONY Reinsurance Consolidated
- National Insurance Co. of Wisconsin Inc.
- Old Republic Mercantile Insurance Co.
- General Accident Reinsurance Co. of America
- Paladin Reinsurance Corp.
- Paradigm Insurance Co.
- Fair American Insurance and Reinsurance Co.
- San Antonio Reinsurance Co.
- SCOR Reinsurance Co.
- Spartan Insurance Co.
- Standard Casualty Co.
- Transatlantic Holdings Inc.
- Transatlantic Reinsurance Co.
- U.S. International Reinsurance Co.
- Distributors Insurance Co.
- Finial Holdings Inc.
- Finial Reins Co.
- Fairfax Financial Holdings Ltd.
- Assured Guaranty Mortgage Insurance Co.
- QBE Insurance (Europe) Ltd.
- QBE Reinsurance (Europe) Ltd.
- Trans Re Zurich
- Alea Europe AG
- PXRE Reinsurance Co.
- PartnerRe S.A.
- Excess Risk Reinsurance Co.
- Regal Reinsurance Co.
- Commercial Reinsurance Co.
- Commercial Risk Re-Insurance Co.
- Cologne Re of Dublin (The)
- Swiss Re Germany AG
- Reinsurance Group of America Inc.
- Enhance Financial Services Group Inc.
- Motors Insurance Corp. (Unsolicited Ratings)
- Munich Reins America Inc.
- Swiss Re Italia SpA
- Unione Italiana Reinsurance Co. of America
- AXA Corporate Solutions Reinsurance Co.
- Arch Specialty Insurance Co.
- San Francisco Reinsurance Co.
- City Holdings Reinsurance Life Co.
- Cologne Reinsurance Co. of America
- Revios Reinsurance U.S. Inc.
- FFRL Re Corp.
- MIMLIC Life Insurance Co.
- Aristar Insurance Co.
- Century Reinsurance Co.
- Charger Reinsurance Group
- Dorinco Reinsurance Co.
- Gulf States Insurance Co.
- Hamburg International Reinsurance Co. U.S. (P/C Branch)
- Interamerica Reinsurance Corp.
- Middle States Insurance Co. Inc.
- National Assurance Indemnity Co.
- New Jersey Re-Insurance Co. (Unsolicited Ratings)
- Pennsylvania Reinsurance Co.
- Philadelphia Reinsurance Corp.
- Reinsurance Co. of America Inc.
- Insurance Corp. of NY
- Partner Reinsurance Co. of U.S.
- Shelter Reinsurance Co. (Unsolicited Ratings)
- North Star Reinsurance Corp.
- AXA Re America Insurance Co.
- Young American Insurance Co.
- PartnerRe Insurance Co. of N.Y.
- Wisconsin Reinsurance Corp.
- Discover Reinsurance Co.
- Medmarc Mutual Insurance Co.
- NLC Mutual Insurance Co.
- Tariff Reinsurances Limited (U.S. branch)
- Chartwell Re Corp.
- Assured Guaranty Re Overseas Ltd.
- E.ON International Finance B.V.
- American Re Capital
- Secura N.V.
- General Reinsurance AG
- Omega Reinsurance Corp.
- Catalina Life & Health Reinsurance Co.
- Compagnie Transcontinentale de Reassurance
- Arig Reinsurance Co. B.S.C.
- UFS Life Reinsurance Co.
- USLife Credit Life Insurance Co. of AZ
- 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)
- 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.
- Clayton Reinsurance Ltd.
- CNA Reinsurance Co.
- 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)
- 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.
- RenaissanceRe 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.
- 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.
- 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.
- Bilbao, Compania Anonima de Seguros y Reaseguros S.A.
- Swiss Re Life & Health Australia Ltd.
- HCC Insurance Holdings Inc.
- Gerling Global Reinsurance Co., Toronto
- General Reinsurance Africa Ltd.
- General Reinsurance Life Australia Ltd.
- Munich Reinsurance Co. of Africa Ltd.
- Swiss Re Ireland Ltd.
- Toa Reinsurance Co. of America
- Maxum Casualty Insurance Co.
- NHC Insurance Co.
- 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
- Danielson Reinsurance Corp.
- North American National Re Insurance Co.
- Arch Excess & Surplus Insurance Co.
- Tokio Marine Global Re Ltd.
- PXRE Reinsurance Ltd.
- XL Re Latin America Ltd.
- 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
- Swiss Re Life & Health Nederland N.V.
- Polskie Towarzystwo Reasekuracji S.A.
- 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.
- Scottish Re (U.S.) Inc.
- Falcon Insurance Co. (Hong Kong) Ltd.
- MS Frontier Reinsurance Ltd.
- Equator Reinsurances Ltd.
- Sweden Reinsurance Co. Ltd.
- Aspen Insurance Holdings Ltd.
- AXIS Specialty Reinsurance Co.
- Montpelier Re Holdings Ltd.
- AXIS Capital Holdings Ltd.
- 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
- SCOR Global Life Reinsurance Ireland 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
- Radian Asset Assurance Ltd.
- HCC Reinsurance Co. Ltd.
- ACE Capital Title Reinsurance Co.
- Atrium Insurance Corp.
- Dealers Reinsurance Life Co.
- Advanta Insurance Co.
- Eastern States Reinsurance Co.
- EMC Reinsurance Co. (Unsolicited Ratings)
- Global Surety & Insurance Co.
- Great Lakes Insurance Co.
- General Reinsurance UK Ltd.
- HomePlus Insurance Co.
- Housing Authority Property Insurance Inc.
- Partner Reinsurance Co. Ltd.
- Renaissance Reinsurance Ltd.
- Inter-Ocean Reinsurance Co. Ltd.
- Vitodurum Reinsurance Co.
- Platinum Underwriters Bermuda Ltd.
- Arab Insurance Group (B.S.C.)
- LaSalle Re Holdings Ltd.
- RAM Reinsurance Co Ltd.
- PartnerRe Ltd.
- New York Life Agents Reinsurance Co.
- Princeton Reinsurance Co.
- BEST RE
- IRB-Brasil Resseguros S.A.
- Revios Reinsurance Canada Ltd.
- Top Layer Reinsurance Ltd.
- American Life & Annuity Co. (TN)
- Facility Insurance Corp.
- MHN Reinsurance Co. of Arizona
- Value Health Reinsurance Inc.
- Commercial Risk Reinsurance Co. Ltd.
- Validus Re Europe Ltd.
- Pacific Life Re Ltd.
- Everest Reinsurance Holdings Inc.
- Compania Espanola de Seguros y Reaseguros de Credito y Caucion S.A.
- ING Re (Netherlands) N.V.
- Hannover Reinsurance (Dublin) Ltd.
- Omnium Reinsurance Co. SA
- SCOR Global P&C Ireland Ltd.
- Hannover Re Bermuda Ltd.
- Scottish Re Group Ltd.
- AXIS Specialty Ltd.
- Axis Reinsurance Co.
- Montpelier Reinsurance Ltd.
- Endurance Reinsurance Corp. of America
- Endurance Worldwide Insurance Ltd.
- RGA Life Reinsurance Co. of Canada
- Liberty Mutual Holding Co. Inc.
- Munich Mauritius 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.
- 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)
- Validus Holdings Ltd.
- Allied World Assurance Co. Ltd.
- Transamerica International Re (Bermuda) Ltd.
- XL Re Europe SE
- DaVinciRe Holdings Ltd.
- Alterra Capital Holdings Ltd.
- Lexon Insurance Co.
- Asia Capital Reinsurance Group Pte Ltd.
- IAG Re Labuan (L) Berhad
- PARIS RE S.A.
- PARIS RE Switzerland Ltd.
- IAG Re Australia Ltd.
- HSBC Reinsurance Ltd.
- International General Insurance Co. Ltd.
- Tokio Marine Retakaful Pte. Ltd.
- MBIA Mexico S.A. de C.V.
- Hannover ReTakaful B.S.C.
- Liffey Reinsurance Co. Ltd.
- Harbor Point Reinsurance US Inc
- Allied World Insurance Co.
- KBC Group Re S.A.
- Triglav Re, Reinsurance Co. Ltd.
- VIG RE zajist'ovna a.s.
- Hannover Life Reassurance Bermuda Ltd.
- Munich Re of Malta PLC
- Everest Reinsurance Co. (Ireland) Ltd.
- Aviva Re Europe Ltd.
- Belarusian National Reinsurance Organization
- Maiden Holdings North America, Ltd. (US)
- Maiden Reinsurance North America Inc.
- Maiden Specialty Insurance Co.
- Maiden Reinsurance Ltd.
- Amlin AG
- Bay Point Re Ltd.
- Compania Espanola de Seguros de Credito a la Exportacion S.A.
- Atradius Seguros de Credito S.A.
- Scor International Reinsurance Ireland Ltd.
- Lloyd's Insurance Co. (China) Ltd.
- Lancashire Holdings Ltd.
- H3C Holdings Ltd.
- Partner Reinsurance Europe SE
- Partnerre America Insurance Company
- White Mountains Re Bermuda Ltd.
- DEVK Rueckversicherungs- und Beteiligungs-AG
- Saudi Re for Cooperative Reinsurance Co.
- Hannover Re (Ireland) Ltd.
- Arch Reinsurance Europe Underwriting Ltd.
- Scotia Insurance (Barbados) Ltd.
- Maiden Holdings Ltd.

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