Insurance Company Exposure to Terrorist Attacks in the U.S.
November 14, 2001, 10:08 a.m. EST 1 Min Read
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Insurance Company Exposure to Terrorist Attacks in the U.S.
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Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description** |
| ACE Ltd. | Bermuda | $558,800 | Sept. 12 | Oct. 24 (up) | after tax losses; $636.9M pretax | |
| Aegon | Netherlands | 50,000 | Sept. 19 | pretax claims costs | ||
| Aetna Inc. | U.S. | $10,000 | 15,000 | Sept. 17 | pretax losses | |
| Alleghany Corp. | U.S. | 112,000 | Sept. 28 | pretax losses net of reinsurance | ||
| Allianz | Germany | 920,000 | Sept. 12 | Sept. 24 (up) | in claims | |
| Allmerica Financial Corp. | U.S. | 15,000 | Sept. 19 | Oct. 29 (down) | pretax losses | |
| Allstate Corp. | U.S. | 32,000 | Oct. 10 | after-tax net losses | ||
| Ambac | U.S. | 6,000 | 10,000 | Sept. 18 | unrealized loss | |
| American Financial Group Inc. | U.S. | 20,000 | Sept. 19 | net pretax losses | ||
| American International Group | U.S. | 820,000 | Sept. 13 | Oct. 25 (up) | pretax losses | |
| American National Insurance Co. | U.S. | 18,400 | Oct. 23 | net of reinsurance | ||
| American United Life Ins. Co. | U.S. | 5,000 | 15,000 | Oct. 15 | after-tax losses | |
| Amlin PLC | U.K. | 86,704 | Sept. 18 | Oct. 16 (up) | in claims | |
| Annuity & Life Re (Holdings) | U.S. | 12,000 | Sept. 28 | Oct. 25 (up) | net losses | |
| Aon Corp. | U.S. | 53,000 | Sept. 17 | Nov. 7* | pretax losses | |
| Argonaut Group Inc. | U.S. | 5,000 | Sept. 20 | Oct. 23 (down) | net losses; workers comp. losses | |
| Atrium Underwriting | U.K. | 11,737 | Sept. 23 | pretax loss | ||
| AXA | France | 550,000 | Sept. 13 | Sept. 21 (up) | pretax losses | |
| Baldwin & Lyons | U.S. | 20,000 | Sept. 21 | pretax losses | ||
| Berkshire Hathaway | U.S. | 2,200,000 | Sept. 20 | 3%-5% estimated industry losses | ||
| BRiT Insurance Holdings PLC | U.K. | 261,829 | Sept. 21 | Oct. 26 (up) | pretax net losses | |
| Canada Life Assurance Co. | Canada | 9,500 | Sept. 27 | after-tax loss | ||
| CGNU PLC | U.K. | 51,500 | Sept. 17 | net losses (source: BBC News) | ||
| Chaucer Holdings PLC | U.K. | 12,000 | 18,000 | Sept. 20 | pretax losses (source: Reuters) | |
| Chubb Corp. | U.S. | 500,000 | 600,000 | Sept. 11 | Sept. 24 (up) | pretax losses |
| Cigna Corp. | U.S. | 25,000 | Oct. 1 | after-tax losses from claims | ||
| Cincinnati Financial | U.S. | 8,700 | Oct. 12 | pretax losses, including reinsurance | ||
| Citigroup Inc. | U.S. | 700,000 | Sept. 17 | Oct. 17 (up) | $500M after-tax net loss | |
| Clarica | Canada | 33,750 | Sept. 17 | pretax losses | ||
| CNA Financial Corp. | U.S. | 468,000 | Sept. 14 | Nov. 1 (up) | pretax losses; $304M after-tax | |
| Conseco Inc. | U.S. | 5,000 | Sept. 17 | pretax losses | ||
| Copenhagen Re | Denmark | 18,583 | 43,361 | Oct. 2 | losses | |
| Cox Insurance Holdings PLC | U.K. | 95,945 | Sept. 28 | Oct. 25 (up) | claims | |
| Delphi Financial Group Inc. | U.S. | 1,500 | 2,500 | Sept. 17 | after-tax loss; net of reinsurance | |
| EMC Insurance Group Inc. | U.S. | 1,500 | Nov. 1 | reinsurance losses capped at $1.5M | ||
| Employers Re | U.S. | 600,000 | Sept. 14 | pretax net losses | ||
| Erie Indemnity Co. | U.S. | 100,000 | 150,000 | Sept. 25 | Sept. 27 | primary ins & reinsurance |
| ESG Re Ltd. | Bermuda | 1,000 | Sept. 17 | gross before reinsurance | ||
| Everest Re Ltd. | U.S. | 75,000 | Sept. 16 | after-tax net loss | ||
| Factory Mutual Insurance (FM Global) | U.S. | 250,000 | Sept. 20 | net pretax losses, after reinsurance | ||
| Fairfax Financial Holdings Ltd. | Canada | 100,000 | 125,000 | Sept. 14 | pretax exposure (source: Reuters) | |
| Faraday Underwriting Limited | U.K. | 71,000 | Sept. 28 | net of recoverables and reinstatements | ||
| FBL Financial Group | U.S. | 1,600 | Oct. 31 | reinsurance losses | ||
| Fortis Ltd. | Belgium | 18,342 | Sept. 24 | net losses | ||
| Generali | Italy | 20,000 | Sept. 17 | Sept. 21 (up) | claims payments (source: Reuters) | |
| Gerling Global Re | Germany | 201,473 | 247,269 | Sept. 26 | pretax loss | |
| Goshawk Insurance | U.K. | 12,000 | Sept. 28 | net claims | ||
| Great West Life Assurance | Canada | 52,000 | Sept. 27 | net losses | ||
| Hannover Re | Germany | 364,000 | Sept. 13 | claims payments | ||
| Harleysville Group Inc. | U.S. | 3,600 | Sept. 19 | pretax losses | ||
| Hartford Financial Services Group Inc. | U.S. | 440,000 | Sept. 18 | Oct. 16 (down) | after-tax loss; P/C-$420M Life-$20M | |
| HCC Insurance Holdings Inc. | U.S. | 30,000 | Oct. 9 | pretax net loss | ||
| Highland Insurance Group Inc. | U.S. | 2,000 | Oct. 2 | losses | ||
| Hiscox PLC | U.K. | 43,500 | Sept. 25 | Oct. 18 (up) | net losses; in Lloyds market | |
| ING Group | Netherlands | 90,827 | Sept. 18 | Oct. 15 (up) | after-tax losses, net of reinsurance | |
Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description** |
| IPC Holdings Ltd. | Bermuda | 112,000 | Oct. 12 | Oct. 23 (up) | net claims | |
| Jefferson Pilot Corp. | U.S. | 4,000 | Oct. 29 | after-tax claims | ||
| Kemper Insurance Cos. | U.S. | 60,000 | 80,000 | Sept. 19 | net pretax losses | |
| Kiln PLC | U.K. | 65,300 | Oct. 8 | net losses, net of reinsurance | ||
| Le Mans Re | France | 38,508 | 53,636 | Oct. 15 | net claims | |
| Legal & General | U.K. | 10,000 | Oct. 16 | net losses, net of reinsurance | ||
| Liberty Mutual Group | U.S. | 200,000 | 300,000 | Sept. 18 | after-tax net loss, after reinsurance | |
| Lincoln National Corp. | U.S. | 50,000 | Sept. 14 | claims payments | ||
| Lloyds of London | U.K. | 1,900,000 | Sept. 26 | net exposure | ||
| Manulife Financial Corp. | Canada | 94,016 | Sept. 13 | Oct. 30 (up) | after-tax losses; $63M identified exp. | |
| Markel Corp. | U.S. | 75,000 | Sept. 14 | net pretax losses | ||
| Max Re Capital Ltd. | Bermuda | 5,000 | Sept. 27 | Gross claims | ||
| MetLife | U.S. | 208,000 | Sept. 14 | Nov. 6 (down)* | after-tax net loss | |
| Munich RE | Germany | 2,100,000 | Sept. 13 | Sept. 20 (up) | pretax losses (source: CNNfn) | |
| Mutual Risk Management Ltd. | U.S. | 800 | Nov. 6 | after-tax losses | ||
| Nationwide Mutual Insurance Co. | U.S. | 10,000 | Sept. 19 | losses | ||
| Navigators Group Inc. | U.S. | 4,500 | Sept. 19 | Oct. 31 (down) | after-tax net loss | |
| New York Life | U.S. | 50,000 | 75,000 | Sept. 14 | claims payments | |
| Nipponkoa Insurance Co. Ltd | Japan | 8,420 | Sept. 13 | claims payments (source: Reuters) | ||
| Nissay Dowa General Insurance Co. Ltd. | Japan | 11,410 | Sept. 13 | Oct. 24 (up) | claims payments (source: Reuters) | |
| Northwestern Mutual Life Insurance Co. | U.S. | 150,000 | Sept. 27 | Oct. 9 (down) | claims payments | |
| NYMagic Inc. | U.S. | 9,000 | Sept. 19 | pretax loss | ||
| Odyssey Re Holding | Bermuda | 80,800 | Sept. 14 | Nov. 6 (up)* | pretax net losses; gross loss $171.7m | |
| Ohio Casualty Corp. | U.S. | 4,700 | Sept. 14 | after-tax losses | ||
| OneBeacon Insurance Group & Folksamerica Re | Bermuda | 175,000 | Sept. 14 | pretax losses | ||
| Overseas Partners Ltd. | Bermuda | 114,000 | Sept. 25 | net losses | ||
| PartnerRe Ltd. | Bermuda | 400,000 | Sept. 21 | Nov. 6* | pretax losses; after-tax $382M | |
| Philadelphia Consolidated Holding Corp. | U.S. | 1,500 | 2,000 | Sept. 21 | net pretax losses | |
| Phoenix Companies, Inc. | U.S. | 5,000 | Sept. 25 | pretax losses net of reinsurance | ||
| PMA Capital Corp. | U.S. | 30,000 | Sept. 18 | pretax losses | ||
| Preserver Group Inc. | U.S. | 500 | 700 | Sept. 21 | after tax losses | |
| Principal Financial Group | U.S. | $9,000 | $12,000 | Sept. 25 | pretax losses net of reinsurance | |
| Prudential Financial Inc. | U.S. | 75,000 | 125,000 | Sept. 17 | after taxes, including reinsurance | |
| PXRE Group Ltd. | Barbados | 27,190 | Sept. 14 | Nov. 6 (down)* | net losses; gross loss $180.7M | |
| QBE Insurance Group Ltd. | Australia | 123,000 | Sept. 21 | total loss; In Lloyds of London market | ||
| Reinsurance Group of America Inc. | U.S. | 10,000 | Oct. 17 | after-tax net claims | ||
| RenaissanceRe Holdings Ltd. | U.S. | 50,000 | Oct. 2 | net losses, Gross losses $150M | ||
| Royal & Sun Alliance Insurance Group PLC | U.K. | 290,000 | Sept. 13 | Oct. 11 (up) | claims payments | |
| Safeco Corp | U.S. | 35,000 | Sept. 20 | losses, net of reinsurance | ||
| SCOR Group | France | 150,000 | 200,000 | Sept. 12 | losses (source: BBC News) | |
| SCPIE Holdings | U.S. | 5,000 | Sept. 27 | pretax exposure (source: Reuters) | ||
| St. Paul Cos. Inc. | U.S. | 866,000 | Sept. 19 | Oct. 23 (up) | pretax losses; $2.2B gross loss | |
| StanCorp. Financial Group Inc. | U.S. | 6,000 | Sept. 17 | pretax losses | ||
| SVB Holdings PLC | U.K. | 29,242 | Sept. 23 | in claims (source: Bloomberg) | ||
| Swiss RE | Switzerland | 1,258,341 | Sept. 12 | Sept. 20 (up) | after-tax net loss (source: CNNfn) | |
| Tokio Marine & Fire Insurance Co. Ltd | Japan | 65,028 | Sept. 13 | Oct. 24 (up) | claims payments (source: Reuters) | |
| Transatlantic Holdings Inc. | U.S. | 100,000 | Sept. 17 | after-tax net loss | ||
| Trenwick Group Ltd. | U.K. | 100,000 | Sept. 14 | Oct. 4 (up) | net pretax losses | |
| UnumProvident Corp. | U.S. | 20,000 | Sept. 14 | pretax claims, net of reinsurance | ||
| W.R. Berkley Corp. | U.S. | 35,000 | Sept. 14 | Oct. 25 (up) | pretax losses; $23M after-tax | |
| Wellington Underwriting PLC | U.K. | 73,600 | Sept. 14 | Oct. 4 (up) | net pretax losses | |
| XL Capital | Bermuda | 750,000 | Sept. 13 | Oct. 23 (up) | pretax claims; gross loss $1.8B | |
| Yasuda Fire & Marine Ins. Co. Ltd. | Japan | 17,000 | Sept. 17 | claims payments | ||
| Zenith National Insurance Corp. | U.S. | 35,500 | Sept. 14 | Oct. 18 (up) | pretax losses; $20.1M after-tax | |
| Zurich Financial Services | Switzerland | 700,000 | 900,000 | Sept. 13 | Oct. 8 (up) | pretax losses, net of reinsurance |
*Previous estimates for companies restating since Nov. 2: AON Corp. $50M-$55M; Metlife $210M; Odyssey Re Holding $80M; PartnerRe $350M-$400; PXRE Group $30M-$35M
**Source is company release unless noted.
Compiled by Thomson Financial Insurance Solutions analysts.
For further information contact them at 877-299-9424 or http://us.tfinsurance.com