UPDATE: Insured Loss Estimates from Thailand Floods

Last year’s flooding in Thailand is shaping up to be one of the costliest natural disasters in history, with insured losses alone estimated at more than $15 billion.

The following is an updated list – NKSJ Holdings, Zurich, RenaissanceRe and Platinum Underwriters have been added – of the expected losses reported by insurance and reinsurance companies, ordered by size. The figures have been converted to U.S. dollars where applicable.

INSURER LOSS

NKSJ Holdings $1.30 billion

Munich Re $641.9 million

Swiss Re $600 million

Zurich Financial $250 million – $300 million

XL Group $135 million – $185 million

SCOR $179.9 million

Everest Re $145 million

PartnerRe $120 million

Endurance $76.5 million

Transatlantic $72 million

Validus $55.5 million

Aspen $54 million

Allied World $40 million – $50 million

Axis Capital $48 million

RenaissanceRe $45 million

Argo Group $25 million – $35 million

Alterra $30 million

Platinum Underwriters $27.9 million

NOTE: PartnerRe has estimated the industry’s total loss at more than $15 billion. Validus has estimated industry losses in excess of $12 billion. Germany’s Allianz has said losses would be at least $10 billion.

SOURCE: The companies

(Reporting By Ben Berkowitz; Editing by Lisa Von Ahn, Gerald E. McCormick, Dave Zimmerman, Gary Hill)