11 March 2011
Japan was struck by massive earthquake
The north-eastern coast of Honshu, Japan, was struck by a magnitude 8.9 earthquake on Friday afternoon local time. The coastal region around the city of Sendai, roughly 300 km north of Tokyo, was hardest hit. According to first analyses, the impact in the greater Tokyo area was less significant.
Munich Re is looking into the effects of the quake and the resultant losses for the insurance industry. Since this analysis is very complex, it is far too early to provide any reliable statements regarding the insured losses and Munich Re's loss burden from the quake.
You will find statistics from Munich Re's NatCatSERVICE database on history's most devastating earthquakes worldwide and in Japan at:
This company news contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.
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