March 2nd, 2012

2011 Catastrophe Losses and Reinsurance Capital: Index to Stories

Posted at 1:00 AM ET

2011 Catastrophe Losses and Reinsurance Capital: Part I, Reinsurance Capital Resilient, Historic Global Losses:  The reinsurance sector faced multiple headwinds in 2011. Significant losses in Australia, New Zealand, Japan, the United States and Thailand resulted in (re)insurers paying out more than USD100 billion in claims. (Re)insurers were hit by an exceptional accumulation of global natural catastrophes in 2011. Two of the most damaging earthquakes in recent times struck Japan and New Zealand early in the year, causing huge losses.

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2011 Catastrophe Losses and Reinsurance Capital: Part II, Insured Losses, Earthquake Devastation:  At least 12 natural catastrophes resulted in insured losses of more than USD1 billion during 2011. Interestingly, the vast majority of the loss activity occurred outside of the United States, with Asia accounting for more than two-thirds of total insured losses. Two of the most damaging earthquakes in recent times struck Japan and New Zealand in the first quarter of 2011, triggering the highest number of earthquake-insured claims ever recorded.

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2011 Catastrophe Losses and Reinsurance Capital: Part III, U.S. Losses, Cat Model Changes: Significant weather-related losses also occurred in the United States in 2011 after one of the worst tornado seasons on record caused a combined insured loss of around USD20 billion. Adding to the pressure on the market was the impact of major catastrophe model updates, particularly for wind risks.

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2011 Catastrophe Losses and Reinsurance Capital: Part IV, Capital Remains Resilient: The elevated loss activity and the catastrophe model changes during the past year put some pressure on reinsurance capital in 2011.

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