Friday, March 18th, 2011 — The Reinsurance Association of America has issued a reassuring bulletin that the industry can not only cope with the recent losses from the earthquake and tsunami that struck Japan, but will also remain prepared to handle future disasters as well. “The reinsurance industry has helped global economies recover from every major catastrophe over the past century,” said the RAA. “With a capital position that stood at $470 billion at the end of the third quarter in 2010, the global reinsurance industry once again stands ready to pay a significant share of the insured loss from the March 11 Japan earthquake and tsunami.”