ZURICH Nov 26 Swiss reinsurer Swiss Re
said on Monday it estimated its claims burden from
hurricane Sandy, which made landfall in the U.S. last month, at
around $900 million, net of retrocession and before tax.
Swiss Re said in a statement the estimate was subject to a
higher than usual degree of uncertainty and might need to be
The reinsurer said power outages, disruptions of public
transport and damage to other infrastructure caused by the
hurricane had made recovery efforts very difficult and were
complicating the loss assessment process.
(Reporting by Silke Koltrowitz)