Japan Earthquake and Tsunami

• Reinsurance Shareholders To Feel Japan Quake Loss Impact

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 6, 2011

  The impact from the Japan earthquake and tsunami may be felt by reinsurance company stockholders if companies decide to buffer their earnings with a suspension of stock buyback programs, a report from Moody’s says.

• XL Group Says Japan Losses Could Reach $290 Million; Opens China Subsidiary

  By Chad Hemenway and Mark E. Ruquet, PropertyCasualty360.com  |  April 5, 2011

  XL Group says pretax losses from the Tohoku earthquake and tsunami will be between $190 million and $290 million.

• Cat Rates To See Sharp Increase In Some Sectors

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 4, 2011

  Despite its devastation, Japan’s earthquake will not have a global impact on insurance rates, but the cumulative effect of a series of catastrophes and changes in modeling will likely produce rate increases in some sectors, according to a report from Towers Watson.

• Cat Modelers Reassess Quake, Tsunami Risks After Japan

  By Chad Hemenway, PropertyCasualty360.com  |  April 1, 2011

  The Tohoku earthquake in Japan was a seismological “black swan”—an event beyond the realm of regular expectations, according to catastrophe-risk modelers.

• Flagstone Re Estimates Up To $130M Japan Quake Loss; $150M For Hiscox

  By Chad Hemenway, PropertyCasualty360.com  |  March 30, 2011

  Flagstone Reinsurance Holdings puts its losses related to the Tohoku earthquake in Japan in the range of $80 million to $130 million net of reinstatement premiums and retrocession.

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  Moody’s: Reinsurer Japan Quake Loss Estimates Credit Negative For Sector

  By Phil Gusman, PropertyCasualty360.com  |  March 28, 2011

  Early Japan earthquake loss estimates from two major reinsurers are credit negative for the reinsurance industry because they indicate that reinsurers will take the largest share—perhaps even more than half—of insured losses, according to Moody’s Investors Service.

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  S&P: Japan Carrier Ratings Hinge On Loss Estimate Changes

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 25, 2011

  Standard and Poor’s says it believes claims-loss estimates on residential losses to insurers from the recent earthquake in Japan will not be exceeded, but the ratings future of the domestic insurers hinges on whether those estimates are surpassed or not.

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  Rate Increases Possible For Japan, But Market Turn A Question

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 23, 2011

  The long-term effects of Japan’s disaster on the insurance market remain unclear, but there are indications that some firming is taking place for risks in catastrophe-prone areas, say executives from insurance broker Aon Corp.

• Moody’s Revises Outlook On 3 Japan Domestics; AIG Explains Quake Exposure

  By Phil Gusman, PropertyCasualty360.com  |  March 23, 2011

  Moody’s Japan K.K. has revised its outlook on Japan’s three largest domestic property and casualty insurance groups due to the widespread damages expected from the March 11 earthquake and tsunami.

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  Japan Disaster Likely To Be World's Costliest

  By Associated Press  |  March 23, 2011

  Japan's government said the cost of the earthquake and tsunami that devastated the northeast could reach $309 billion, making it the world's most expensive natural disaster on record.

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  Munich Re Estimates Over $2B Japan Quake Loss; Will Miss 2011 Profit Target

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 22, 2011

  Due to the earthquake and tsunami in Japan, Munich Re says it will not reach its profit target for 2011 after reporting an expected loss of more $2 billion from the event.

• Nuclear Insurance Future Uncertain; Political Impact Clear

  By Staff Writer  |  March 22, 2011

  The disaster following the tsunami that hit the Fukushima Daiichi nuclear power plant in Japan should not create a reduction in insurance capacity for such plants, but it is too early to know if the incident will result in increased pricing, according to JLT Global Nuclear Practice Group.

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  Moody’s: Japan Quake Hits Commercial P&C Hardest

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 21, 2011

  Commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the earthquake in Japan, according to a Moody’s report.

• Japan Quake To Cost Swiss Re $1.2B; AIG’s Chartis Expects $700M

  By Chad Hemenway, PropertyCasualty360.com  |  March 21, 2011

  Swiss Re said it expects $1.2 billion in claims from the Japan earthquake and tsunami on March 11, and warned that the estimate is subject to a high degree of uncertainty.

• World Bank: Japan Reconstruction May Take Five Years

  By Associated Press  |  March 21, 2011

  Japan may need five years to rebuild from the catastrophic earthquake and tsunami that has caused up to $235 billion of damage, the World Bank said Monday.

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  Japan Quake: Industry Begins To Consider Supply Chain Disruption Impact

  By Chad Hemenway and Mark E. Ruquet, PropertyCasualty360.com  |  March 18, 2011

  The global supply chain disruption as a result of the Japan earthquake can be immediately identified. Just type the phrase into your favorite search engine.