Insurance Company Exposure to Terrorist Attacks in United States
October 17, 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 | Sept. 12 | Sept. 24 (up) | after-tax losses | company release | |
Aegon | Netherlands | 50,000 | Sept. 19 | pretax claims costs | company release | ||
Aetna Inc. | U.S. | $10,000 | 15,000 | Sept. 17 | pretax losses | company release | |
Alleghany Corp. | U.S. | 112,000 | Sept. 28 | pretax losses net of reinsurance | company release | ||
Allianz | Germany | 920,000 | Sept. 12 | Sept. 24 (up) | in claims | company release | |
Allmerica Financial Corp. | U.S. | 17,000 | Sept. 19 | pretax losses | Reuters | ||
Ambac | U.S. | 6,000 | 10,000 | Sept. 18 | unrealized loss | company release | |
American Financial Group Inc. | U.S. | 20,000 | Sept. 19 | net pretax losses | company release | ||
American International Group | U.S. | 800,000 | Sept. 13 | Oct. 9 (up)* | pretax losses | company release | |
Amlin PLC | U.K. | 65,784 | Sept. 18 | in claims | Bloomberg | ||
Annuity & Life Re (Holdings) | U.S. | 5,000 | 7,000 | Sept. 28 | exposure | company release | |
Aon Corp. | U.S. | 50,000 | 55,000 | Sept. 17 | pretax losses | Reuters | |
Argonaut Group Inc. | U.S. | 10,000 | Sept. 20 | net losses | company release | ||
Atrium Underwriting | U.K. | 11,737 | Sept. 23 | pretax loss | company release | ||
Axa | France | 550,000 | Sept. 13 | Sept. 21 (up) | pretax losses | company release | |
Baldwin & Lyons | U.S. | 20,000 | Sept. 21 | pretax losses | company release | ||
Berkshire Hathaway | U.S. | 2,200,000 | Sept. 20 | 3%-5% estimated industry losses | company release | ||
Brit Insurance Holdings PLC | U.K. | 101,985 | Sept. 21 | pretax net losses | company release | ||
Canada Life Assurance Co. | Canada | 9,500 | Sept. 27 | after-tax loss | company release | ||
CGNU PLC | U.K. | 51,500 | Sept. 17 | net losses | BBC News | ||
Chaucer Holdings PLC | U.K. | 12,000 | 18,000 | Sept. 20 | pretax losses | Reuters | |
Chubb Corp. | U.S. | 500,000 | 600,000 | Sept. 11 | Sept. 24 (up) | pretax losses | company release |
Cigna Corp. | U.S. | 25,000 | Oct. 1 | after-tax losses from claims | company release | ||
Citigroup Inc. | U.S. | 500,000 | Sept. 17 | after-tax net loss | company release | ||
Clarica | Canada | 33,750 | Sept. 17 | pretax losses | company release | ||
CNA Financial Corp. | U.S. | 200,000 | 350,000 | Sept. 14 | pretax losses | company release | |
Conseco Inc. | U.S. | 5,000 | Sept. 17 | pretax losses | company release | ||
Copenhagen Re | Denmark | 18,583 | 43,361 | Oct. 2 | losses | company release | |
Cox Insurance Holdings PLC | U.K. | 62,031 | Sept. 28 | claims | company release | ||
Delphi Financial Group Inc. | U.S. | 1,500 | 2,500 | Sept. 17 | after-tax net loss | company release | |
Employers Re | U.S. | 600,000 | Sept. 14 | pretax losses | company release | ||
Erie Indemnity Co. | U.S. | 100,000 | 150,000 | Sept. 25 | Sept. 27 | primary insurance and reinsurance | company release |
ESG Re Ltd. | Bermuda | 1,000 | Sept. 17 | gross before reinsurance | company release | ||
Everest Re Ltd. | U.S. | 75,000 | Sept. 16 | after-tax net loss | company release | ||
Factory Mutual Insurance (FM Global) | U.S. | 250,000 | Sept. 20 | net pretax losses, after reinsurance | company release | ||
Fairfax Financial Holdings Ltd. | Canada | 100,000 | 125,000 | Sept. 14 | pretax exposure | Reuters | |
Fortis Ltd. | Belgium | 18,342 | Sept. 24 | net losses | company release | ||
Generali | Italy | 20,000 | Sept. 17 | Sept. 21 (up) | claims payments | Reuters | |
Gerling Global Re | Germany | 201,473 | 247,269 | Sept. 26 | pretax loss | company release | |
Goshawk Insurance | U.K. | 12,000 | Sept. 28 | net claims | company release | ||
Great West Life Assurance | Canada | 52,000 | Sept. 27 | net losses | company release | ||
Hannover Re | Germany | 364,000 | Sept. 13 | claims payments | company release | ||
Harleysville Group Inc. | U.S. | 3,600 | Sept. 19 | pretax losses | company release | ||
Hartford Financial Services Group Inc. | U.S. | 450,000 | Sept. 18 | after-tax net loss | company release | ||
HCC Insurance Holdings Inc. | U.S. | 30,000 | Oct. 9 | pretax net loss | company release | ||
Highland Insurance Group Inc. | U.S. | 2,000 | Oct. 2 | losses | company release | ||
Hiscox PLC | U.K. | 29,000 | Sept. 25 | net losses | company release | ||
ING Group | Netherlands | 46,362 | Sept. 18 | pretax losses | company release | ||
IPC Holdings Ltd. | Bermuda | 75,000 | Sept. 14 | losses | company release | ||
Kemper Insurance Cos. | U.S. | 60,000 | 80,000 | Sept. 19 | net pretax losses | company release | |
Company | Country | Low Estimate | High Estimate | Original Date | Restated Date | Description | Source |
Kiln PLC | U.K. | 65,300 | Oct. 8 | net losses, net of reinsurance | company release | ||
Liberty Mutual Group | U.S. | 200,000 | 300,000 | Sept. 18 | after-tax net loss, after reinsurance | company release | |
Lincoln National Corp. | U.S. | 50,000 | Sept. 14 | claims payments | company release | ||
Lloyds of London | U.K. | 1,900,000 | Sept. 26 | net exposure | company release | ||
Manulife Financial Corp. | Canada | 65,000 | Sept. 13 | claims payments | Reuters | ||
Markel Corp. | U.S. | 75,000 | Sept. 14 | net pretax losses | company release | ||
Max Re Capital Ltd. | Bermuda | 5,000 | Sept. 27 | gross claims | company release | ||
MetLife | U.S. | 250,000 | 300,000 | Sept. 14 | after-tax net loss | company release | |
Munich RE | Germany | 2,100,000 | Sept. 13 | Sept. 20 (up) | pretax losses | CNNfn | |
Nationwide Mutual Insurance Co. | U.S. | 10,000 | Sept. 19 | losses | company release | ||
Navigators Group Inc. | U.S. | 5,000 | Sept. 19 | after-tax net loss | company release | ||
New York Life | U.S. | 50,000 | 75,000 | Sept. 14 | claims payments | company release | |
Nipponkoa Insurance Co. Ltd. | Japan | 8,420 | Sept. 13 | claims payments | Reuters | ||
Nissay Dowa General Insurance Co. Ltd. | Japan | 4,210 | Sept. 13 | claims payments | Reuters | ||
Northwestern Mutual Life Insurance Co. | U.S. | 150,000 | Sept. 27 | Oct. 9 (down)* | claims payments | company release | |
NYMagic Inc. | U.S. | 9,000 | Sept. 19 | pretax loss | company release | ||
Odyssey Re Holding | Bermuda | 80,000 | Sept. 14 | pretax net losses | company release | ||
Ohio Casualty Corp. | U.S. | 5,000 | 7,000 | Sept. 14 | pretax cost of claims, net of reinsurance | company release | |
OneBeacon Insurance Group and Folksamerica Re | Bermuda | 175,000 | Sept. 14 | pretax losses | company release | ||
PartnerRe Ltd. | Bermuda | 350,000 | 400,000 | Sept. 21 | claims payments | company release | |
Philadelphia Consolidated Holding Corp. | U.S. | 1,500 | 2,000 | Sept. 21 | net pretax losses | company release | |
Phoenix Cos. Inc. | U.S. | 5,000 | Sept. 25 | pretax losses net of reinsurance | company release | ||
PMA Capital Corp. | U.S. | 30,000 | Sept. 18 | pretax losses | company release | ||
Preserver Group Inc. | U.S. | 500 | 700 | Sept. 21 | after-tax losses | company release | |
Principal Financial Group | U.S. | 9,000 | 12,000 | Sept. 25 | pretax losses net of reinsurance | company release | |
Prudential Financial Inc. | U.S. | 75,000 | 125,000 | Sept. 17 | after taxes, including reinsurance | company release | |
PXRE Group Ltd. | Barbados | 30,000 | 35,000 | Sept. 14 | net losses | company release | |
QBE Insurance Group Ltd. | Australia | 123,000 | Sept. 21 | total loss; in Lloyds of London market | company release | ||
RenaissanceRe Holdings Ltd. | U.S. | 50,000 | Oct. 2 | net losses; gross losses $150 million | company release | ||
Royal & Sun Alliance Insurance Group PLC | U.K. | 290,000 | Sept. 13 | Oct. 11 (up)* | claims payments | company release | |
Safeco Corp | U.S. | 25,000 | Sept. 20 | losses, net of reinsurance | company release | ||
SCOR Group | France | 150,000 | 200,000 | Sept. 12 | losses | BBC News | |
SCPIE Holdings | U.S. | 5,000 | Sept. 27 | pretax exposure | Reuters | ||
St. Paul Cos. Inc. | U.S. | 700,000 | Sept. 19 | pretax losses | Reuters | ||
StanCorp Financial Group Inc. | U.S. | 6,000 | Sept. 17 | pretax losses | company release | ||
SVB Holdings PLC | U.K. | 29,242 | Sept. 23 | in claims | Bloomberg | ||
Swiss RE | Switzerland | 1,258,341 | Sept. 12 | Sept. 20 (up) | after-tax net loss | CNNfn | |
Tokio Marine and Fire Insurance Co. Ltd. | Japan | 84,180 | Sept. 13 | claims payments | Reuters | ||
Transatlantic Holdings Inc. | U.S. | 100,000 | Sept. 17 | after-tax net loss | company release | ||
Trenwick Group Ltd. | U.K. | 100,000 | Sept. 14 | Oct. 4 (up)* | net pretax losses | company release | |
UnumProvident Corp. | U.S. | 20,000 | Sept. 14 | claims payments | company release | ||
W.R. Berkley Corp. | U.S. | 25,000 | Sept. 14 | pretax losses | company release | ||
Wellington Underwriting PLC | U.K. | 73,600 | Sept. 14 | Oct. 4 (up)* | net pretax losses | company release | |
XL Capital | Bermuda | 600,000 | 700,000 | Sept. 13 | claims payments; gross losses $1.8 billion | Reuters | |
Zenith National Insurance Corp. | U.S. | 7,000 | 15,000 | Sept. 14 | pretax losses | company release | |
Zurich Financial Services | Switzerland | 700,000 | 900,000 | Sept. 13 | Oct. 8 (up)* | pretax losses, net of reinsurance | company release |
*Previous estimates for companies restating since Oct. 3: American International $500M; Northwestern Mutual $192M; Royal & Sun Alliance $220M; Trenwick Group $50M-$75M; Wellington Underwriting $43.9M; Zurich Financial Services $400M.
© 2001 American Banker Source: Compiled by Thomson Financial Insurance Solutions analysts.
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