* Sees Q1 loss of $220 mln excl. Japan
* Says Japan quake impact to be significant
(Follows alerts)
March 16 (Reuters) - RenaissanceRe Holdings Ltd said it was too early to assess the cost from the Japanese earthquake, but flagged a loss of up to $220 million from other natural disasters during the first three months of 2011.
The company said the heavy flooding in Australia and the earthquake that hit Christchurch in New Zealand will hurt its first-quarter results by about $30 million and $190 million, respectively.
RenaissanceRe said it was monitoring its exposure to Japan, and expected the impact of the earthquake on the company's results to be significant and potentially material.
The quake, which struck northeastern Japan last Friday, is expected to have killed about 10,000 people and could cost the global insurance industry up to $35 billion, according to preliminary industry estimates. (Reporting by Aditi Sharma; Editing by Jarshad Kakkrakandy) (aditi.sharma1@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging: aditi.sharma.reuters.com@reuters.net))
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COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says Japan quake impact to be significant
(Follows alerts)
March 16 (Reuters) - RenaissanceRe Holdings Ltd said it was too early to assess the cost from the Japanese earthquake, but flagged a loss of up to $220 million from other natural disasters during the first three months of 2011.
The company said the heavy flooding in Australia and the earthquake that hit Christchurch in New Zealand will hurt its first-quarter results by about $30 million and $190 million, respectively.
RenaissanceRe said it was monitoring its exposure to Japan, and expected the impact of the earthquake on the company's results to be significant and potentially material.
The quake, which struck northeastern Japan last Friday, is expected to have killed about 10,000 people and could cost the global insurance industry up to $35 billion, according to preliminary industry estimates. (Reporting by Aditi Sharma; Editing by Jarshad Kakkrakandy) (aditi.sharma1@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging: aditi.sharma.reuters.com@reuters.net))
Keywords:
COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.