Insurance Company Exposure to Terrorist Attacks in United States
October 10, 2001, 10:08 a.m. EDT 1 Min Read
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Insurance Company Exposure to Terrorist Attacks in United States
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Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description | Source |
| Ace Ltd. | Bermuda | $550,000 | 9/12/01 | 9/24/01 (up) | after-tax losses | company release | |
| Aegon | Netherlands | 50,000 | 9/19/01 | pretax claims costs | company release | ||
| Aetna Inc. | U.S. | $10,000 | 15,000 | 9/17/01 | pretax losses | company release | |
| Alleghany Corp. | U.S. | 112,000 (1) | 9/28/01 | pretax losses net of reinsurance | company release | ||
| Allianz | Germany | 920,000 | 9/12/01 | 9/24/01 (up) | in claims | company release | |
| Allmerica Financial Corp. | U.S. | 17,000 | 9/19/01 | pretax losses | Reuters | ||
| Ambac | U.S. | 6,000 | 10,000 | 9/18/01 | unrealized loss | company release | |
| American Financial Group Inc. | U.S. | 20,000 | 9/19/01 | net pretax losses | company release | ||
| American International Group | U.S. | 500,000 | 9/13/01 | pretax losses | company release | ||
| Amlin PLC | U.K. | 65,784 | 9/18/01 | in claims | Bloomberg | ||
| Annuity and Life Re (Holdings) | U.S. | 5,000 | 7,000 | 9/28/01 | exposure | company release | |
| Aon Corp. | U.S. | 50,000 | 55,000 | 9/17/01 | pretax losses | Reuters | |
| Argonaut Group Inc. | U.S. | 10,000 | 9/20/01 | net losses | company release | ||
| Atrium Underwriting | U.K. | 11,737 | 9/23/01 | pretax losses | company release | ||
| Axa | France | 550,000 | 9/21/01 | 9/21/01 (up) | pretax losses | company release | |
| Baldwin & Lyons | U.S. | 20,000 | 9/21/01 | pretax losses | company release | ||
Berkshire Hathaway | U.S . | 2,200,000 | 9/20/01 | 9/24/01 (up) | 3%-5% estimated industry losses | company release | |
| Brit Insurance Holdings PLC | U.K. | 101,985 (2) | 9/21/01 | pretax net losses | company release | ||
| Canada Life Assurance Co. | Canada | 9,500 | 9/27/01 | after-tax losses | company release | ||
| CGNU PLC | U.K. | 51,500 | 9/17/01 | net losses | BBC News | ||
| Chubb Corp. | U.S. | 500,000 | 600,000 | 9/11/01 | 9/24/01 (up) | pretax losses | company release |
Cigna Corp. | U.S. | 25,000 | 10/1/01 | after-tax losses from claims | company release | ||
| Citigroup Inc. | U.S. | 500,000 | 9/17/01 | after-tax net loss | company release | ||
| Clarica | Canada | 33,750 | 9/17/01 | pretax net losses | company release | ||
| CNA Financial Corp. | U.S. | 200,000 | 350,000 | 9/14/01 | pretax net losses | company release | |
| Conseco Inc. | U.S. | 5,000 | 9/17/01 | pretax net losses | company release | ||
| Copenhagen Re | Denmark | 18,583 | 43,361 | 10/2/01 | losses | company release | |
| Delphi Financial Group Inc. | U.S. | 1,500 | 2,500 | 9/17/01 | after-tax net loss | company release | |
| Employers Re | U.S. | 600,000 | 9/14/01 | pretax losses | company release | ||
Erie Indemnity Co. | U.S. | 100,000 | 150,000(3) | 9/25/01 | 9/27/01 | primary insurance and reinsurance | company release |
| ESG Re Ltd. | Bermuda | 1,000 | 9/17/01 | gross before reinsurance | company release | ||
| Everest Re Ltd. | U.S. | 75,000 | 9/16/01 | 9/20/01 (down) | after-tax net loss | company release | |
| Factory Mutual Insurance (FM Global) | U.S. | 250,000 | 9/20/01 | net pretax losses, after reinsurance | company release | ||
| Fairfax Financial Holdings Ltd. | Canada | 100,000 | 125,000 | 9/14/01 | pretax exposure | Reuters | |
| Fortis Ltd. | Belgium | 18,342 | 9/24/01 | net losses | company release | ||
| Generali | Italy | 20,000 | 9/17/01 | 9/21/01 (up) | claims payments | Reuters | |
| Gerling Global Re | Germany | 201,473 | 247,269 | 9/26/01 | pretax loss | company release | |
| Great West Life Assurance | Canada | 52,000 | 9/27/01 | net losses | company release | ||
| Hannover Re | Germany | 364,000 | 9/13/01 | claims payments | company release | ||
| Harleysville Group Inc. | U.S. | 3,600 | 9/19/01 | pretax losses | company release | ||
| Hartford Financial Services Group Inc. | U.S. | 450,000 | 9/18/01 | after-tax net loss | company release | ||
| Highland Insurance Group Inc. | U.S. | 2,000 | 10/2/01 | losses | company release | ||
| Hiscox PLC | U.K. | 29,000 | 9/25/01 | net losses | company release | ||
| ING Group | Netherlands | 46,362 | 9/18/01 | pretax losses | company release | ||
| IPC Holdings Ltd. | Bermuda | 75,000 | 9/14/01 | losses | company release | ||
| Kemper Insurance Cos. | U.S. | 60,000 | 80,000 | 9/19/01 | net pretax losses | company release | |
| Liberty Mutual Group | U.S. | 200,000 | 300,000 | 9/18/01 | after-tax net loss, after reinsurance | company release | |
| Lincoln National Corp. | U.S. | 50,000 | 9/14/01 | claims payments | company release | ||
| Lloyds of London | U.K. | 1,900,000 | 9/26/01 | net exposure | company release | ||
| Manulife Financial Corp. | Canada | 65,000 | 9/13/01 | claims payments | Reuters | ||
Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description | Source |
| Markel Corp. | U.S. | 75,000 | 9/14/01 | net pretax losses | company release | ||
| Max Re Capital Ltd. | Bermuda | 5,000(4) | 9/27/01 | gross claims | company release | ||
| MetLife | U.S. | 250,000 | 300,000 | 9/14/01 | 9/20/01 (down) | after-tax net loss | company release |
| Munich Re | Germany | 2,100,000 | 9/13/01 | 9/20/01 (up) | pretax losses | CNNfn | |
| Nationwide Mutual Insurance Co. | U.S. | 10,000 | 9/19/01 | losses | company release | ||
| Navigators Group Inc. | U.S. | 5,000 | 9/19/01 | after-tax net loss | company release | ||
| New York Life | U.S. | 50,000 | 75,000 | 9/14/01 | claims payments | company release | |
| Nipponkoa Insurance Co. Ltd. | Japan | 8,420 | 9/13/01 | claims payments | Reuters | ||
| Nissay Dowa General Insurance Co. Ltd. | Japan | 4,210 | 9/13/01 | claims payments | Reuters | ||
| Northwestern Mutual Life Insurance Co. | U.S. | 192,000 | 9/27/01 | claims payments | |||
| NY Magic Inc. | U.S. | 9,000 | 9/19/01 | pretax loss | company release | ||
| Odyssey Re Holding | Bermuda | 80,000 | 9/14/01 | pretax net losses | company release | ||
| Ohio Casualty Corp. | U.S. | 5,000 | 7,000 | 9/14/01 | pretax cost of claims, net of reinsurance | company release | |
| One Beacon Insurance Group and Folksamerica Re | Bermuda | 175,000 | 9/14/01 | pretax losses
| company release | ||
| PartnerRe Ltd. | Bermuda | 350,000 | 400,000 | 9/21/01 | claims payments | company release | |
| Philadelphia Consolidated Holding Corp. | U.S. | 1,500 | 2,000 | 9/21/01 | net pretax losses | company release | |
Phoenix Cos. Inc. | U.S. | 5,000 | 9/25/01 | pretax losses net of reinsurance | company release | ||
PMA Capital Corp. | U.S. | 30,000 | 9/14/01 | pretax cost of claims, net of reinsurance | company release | ||
| Preserver Group Inc. | U.S. | 500 | 700 | 9/21/01 | after tax losses | company release | |
| Principal Financial Group | U.S. | 9,000 | 12,000(5) | 9/25/01 | pretax losses net of reinsurance | company release | |
| Prudential Financial Inc. | U.S. | 75,000 | 125,000 | 9/17/01 | after taxes, including reinsurance | company release | |
| PXRE Group Ltd. | Barbados | 30,000 | 35,000 | 9/14/01 | 9/24/01 (up) | net losses | company release |
| QBE Insurance Group Ltd. | Australia | 123,000 | 9/21/01 | total loss | company release | ||
| RenaissanceRe Holdings Ltd. | U.S. | 50,000 | 10/2/01 | net losses; gross losses $150 million | company release | ||
| Royal and Sun Alliance Insurance Group PLC | U.K. | 220,000 | 9/13/01 | claims payments | company release | ||
| Safeco Corp. | U.S. | 25,000 | 9/20/01 | losses, net of reinsurance | company release | ||
| Scor Group | France | 150,000 | 200,000 | 9/12/01 | losses | BBC News | |
| SCPIE Holdings | U.S. | 5,000 | 9/27/01 | pretax exposure | Reuters | ||
| St. Paul Cos. Inc. | U.S. | 700,000 | 9/19/01 | pretax losses | Reuters | ||
| StanCorp Financial Group Inc. | U.S. | 6,000 | 9/17/01 | pretax losses | company release | ||
| SVB Holdings PLC | U.K. | 29,242 | 9/23/01 | in claims | Bloomberg | ||
| Swiss Re | Switzerland | 1,258,341 | 9/12/01 | 9/20/01 (up) | after-tax net loss | CNNfn | |
| Tokio Marine and Fire Insurance Co. Ltd. | Japan | 84,180 | 9/13/01 | claims payments | Reuters | ||
| Transatlantic Holdings Inc. | U.S. | 100,000 | 9/17/01 | after-tax net loss | company release | ||
| Trenwick Group Ltd. | U.K. | 50,000 | 75,000 | 9/14/01 | net pretax losses | company release | |
| UnumProvident Corp. | U.S. | 20,000 | 9/14/01 | claims payments | company release | ||
| W.R. Berkley Corp. | U.S. | 25,000 | 9/14/01 | pretax losses | company release | ||
| Wellington Underwriting PLC | U.K. | 43,899 | 9/14/01 | net pretax losses | company release | ||
| XL Capital | Bermuda | 600,000 | 700,000 | 9/13/01 | claims payments | Reuters | |
| Zenith National Insurance Corp. | U.S. | 7,000 | 15,000 | 9/14/01 | pretax losses | company release | |
| Zurich Financial Services | Switzerland | 400,000 | 9/13/01 | pretax losses | company release |
(1) Mainly property and aviation claims ( 2) In Lloyds of London market (3) 9/27/01-group members
(4) Will be reduced by reinsurance (5) Mainly life insurance
For further information contact them at 877-299-9424 or http://us.tfinsurance.com
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