Impact on Bermuda's insurance industry

Affected

XL Capital: Announced that based on initial estimates, XL would face claims of between $600 and $700 million.

ACE: Spokeswoman said third-quarter earnings would be cut by about $400 million due to claims, according to preliminary estimates.

Partner Re: Damage claims from the United States estimated to be between $350 and $400 million.

IPC Holdings: Estimates claims of about $75 million.

PXRE: Attacks will cost between $30 and $35 million.

Trenwick (owns La Salle Re): Costs estimates are between $50 and $75 million

Minimal Impact

Stockton Re: Dan Mallow, President and CEO said: "I do not think that we are going to be that affected. But a lot of our clients and our intermediaries are affected."

Max Re: Press Statement: "Max Re does not expect a significant claims impact from these events."

Scandinavian Re: Senior Vice President Ed Jordan, said that the company did not expect the disaster to have much impact on its bottom line.

Scottish Annuity & Life Holdings: Said it expected minimal exposure to losses from the terrorist attack because they do not reinsure any group insurance plans or corporate owned life insurance products.

Imagine Insurance Company: Said it does not anticipate experiencing any material losses associated with the recent terrorist attacks.

Renaissance Re: Said its share of losses would be significantly smaller would be indicated by its market share, and will still report a profit for the third quarter.

Still Counting the Cost

Everest Re: Spokeswoman said it was too early to tell as they were still assessing the information.

Not Known

ESG Re, Alea Group, Overseas Partners Ltd., Commercial Risk Re