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Provider: Plunkett Research, Ltd.
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Provider: Plunkett Research, Ltd.
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$199.0
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Swiss Re sees $4-$7 billion insurance losses from quake
ZURICH |
ZURICH (Reuters) - Swiss Re (RUKN.VX) said on Wednesday the insurance sector stood to lose $4-$7 billion from the earthquake in Chile, a sum unlikely to bring the long hoped-for increase in reinsurance prices.
The world's second-biggest reinsurer estimated its own losses from the Chile disaster, one of the most powerful earthquakes in a century, at around $500 million.
The company said it would also lose around $100 million from winter storm Xynthia which caused widespread damage in northern Spain and France at the end of February.
(Reporting by Jason Rhodes; Editing by Dan Lalor)
