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Counting the cost to Bermuda

Below is the list of insurers and reinsurers in Bermuda that have acknowledged exposure to claims related to the destruction of the attacks in the United States, along with their early estimates for the amount they expect to pay out where applicable.

Ratings agencies and analysts now expect the attack to cost insurers world-wide between $20 billion and $70 billion, making it the most expensive insured event to date. However it may take years for the full cost to become clear.

Bermuda Re/insurers

XL Capital: $600 to $700 million.

ACE: $550 million

Partner Re: $350 to $400 million.

White Mountain: UP to $175 million via its OneBeacon Insurance Group

IPC Holdings: $95 million.

Overseas Partners Ltd: $114 million

Trenwick: $50 and $75 million

IPC Holdings: $75 million

Everest Re: $75 million

Renaissance Re: $50 million

PXRE: $30 and $35 million.

Max Re: $5 million

ESG Re: $1 million

Total: low estimate: $2.225 billion high estimate: $2.280 billion

Minimal Impact

Stockton Re

Scandinavian Re

Annuity & Life Holdings

Imagine Insurance Company

Mutual Risk Management

Commercial Risk Re

Centre Solutions