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.
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)
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