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it will take significant time for companies to estimate potential losses from the Japanese earthquake, and we expect that exposure will vary widely among reinsurers," financial analysts for Keefe, Bruyette Woods Inc. said in a note Wednesday. Larry Greenberg, an analyst with Langen McAlenney in Hartford, said his firm is inclined to believe that ultimate insured losses will be at the high end of AIR's estimates. "We believe that similar to postKatrina, the rating agencies could have a major impact on the marketplace as they reevaluate capital requirements," Greenberg said in his analyst's note Tuesday. MetLife Inc. bought American Life Insurance Company (ALICO) last year from American International Group Inc. The foreign lifeinsurance company relies on customers in Japan for a large part of its revenue, though it's not clear to what degree the disasters will disrupt that business or for how long. The Hartford Financial Services Group doesn't expect to incur claims from the earthquake and tsunami because the company doesn't cover property and casualty in Japan.
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it will take significant time for companies to estimate potential losses from the Japanese earthquake, and we expect that exposure will vary widely among reinsurers," financial analysts for Keefe, Bruyette Woods Inc. said in a note Wednesday. Larry Greenberg, an analyst with Langen McAlenney in Hartford, said his firm is inclined to believe that ultimate insured losses will be at the high end of AIR's estimates. "We believe that similar to postKatrina, the rating agencies could have a major impact on the marketplace as they reevaluate capital requirements," Greenberg said in his analyst's note Tuesday. MetLife Inc. bought American Life Insurance Company (ALICO) last year from American International Group Inc. The foreign lifeinsurance company relies on customers in Japan for a large part of its revenue, though it's not clear to what degree the disasters will disrupt that business or for how long. The Hartford Financial Services Group doesn't expect to incur claims from the earthquake and tsunami because the company doesn't cover property and casualty in Japan.
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