Japan earthQuake get Cost Insurers $34 Billion

Japan earthQuake get Cost Insurers $34 Billion

 

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Bearish factors included (1) speculation that Japanese insurance companies will sell their holdings of long-term US Treasuries to pay claims for earthquake damage, and (2) reduced safe-haven demand for Treasuries after credit ... after the BOJ pumped a record 15 trillion yen ($183 billion) into money markets and doubled the size of its asset-purchase program in an attempt to stabilize financial markets which were hammered following the Japanese earthquake, ...


Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost the industry nearly USD 35 billion, making it one of the most expensive disasters ever. more ... Monday to their lowest level in three months, pressured by the impact of the earthquake and tsunami in Japan. By 1155 GMT, the pan-European FTSEurofirst 300 .FTEU3 index of top shares more. Reuters ( 3/14/2011 4:59:34 AM -08:00 ) ...


Japanese insurers and global reinsurance companies that backstop their policies may face claims of as much as 2.8 trillion yen ($34 billion) tied to last week's earthquake, AIR Worldwide said.Related posts: New Zealand Quake May Cost ...


Quake impact on Japan non-life insurers seen limited: analysts Reuters Quake's Insurance Tab Could Run $35 Billion Wall Street Journal Japan Earthquake Insured Losses May Reach $34 Billion, AIR Worldwide Says Bloomberg ...


Japanese insurers and global reinsurance companies that backstop their policies may face claims of as much as 2.8 trillion yen ($34 billion) tied to last week's earthquake, AIR Worldwide said.


Toyota, Sony Factories Shuttered Amid Earthquake Damage, Power Shortages. Quake May Cost Insurers $34 Billion; Tsunami Toll Yet to Come. BOJ to debate easing policy further after quake-sources. Japan central bank injects funds as stocks ...


The Fed is at about the half way mark of its $600 billion QE2 program, having already purchased about $300 billion in Treasury securities and having about $300 billion left to go. ... Bearish factors included (1) speculation that Japanese insurance companies will sell their holdings of long-term US Treasuries to pay claims for earthquake damage, and (2) reduced safe-haven demand for Treasuries after credit default swaps on European sovereign debt declined ...



NEW YORK — Japan's massive earthquake has led to untold damages to life and property. Early estimates for the losses for insurers and reinsurers around the globe are ranging from $10 billion to $50 billion. ... Wow, we don't even have to get off the couch. If it only takes 50 billion dollars to fix Japan, Bill and Melinda Gates can do it without breaking a sweat - and still have a few billions left. TruEngineHearing: Wow, we don't even have to get off ...


Japanese insurers and global reinsurance companies that backstop their policies may face claims of as much as 2.8 trillion yen ($34 billion) tied to last week's earthquake, AIR Worldwide said. PostCategoryIcon ...



After getting walloped by the largest earthquake ever recorded in the country and a massive tsunami, and with a sizable proportion of its power generating capacity knocked offline, Japan is facing tremendous challenges. ... due to high costs. Nonetheless, given the scale of the disaster, Japanese insurers like Tokio Marine Holdings and global reinsurers could face a hit of $34 billion from the quake alone, according to AIR Worldwide. StarRemovePickunPick ...

Posted by Nikkei 225 at 10:52
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