Last year’s flooding in Thailand is shaping up to be one of the worst natural disasters in human history, with insured losses alone estimated at more than $15 billion.
Following is a list of expected losses reported by insurance and reinsurance companies, ordered by size. The figures have been converted to U.S. dollars where applicable.
INSURER LOSS
Munich Re $641.9 million
Swiss Re $600 million
XL Group $135 million – $185 million
SCOR $179.9 million
Everest Re $100 million – $125 million
PartnerRe $120 million
Transatlantic $72 million
Validus $55.5 million
Aspen $54 million
Axis Capital $48 million
Alterra $30 million
It should also be noted that PartnerRe has estimated the industry’s total loss at more than $15 billion. Validus has estimated industry losses in excess of $12 billion. Germany’s Allianz has said losses would be at least $10 billion.
(Reporting By Ben Berkowitz; Editing by Lisa Von Ahn and Gerald
E. McCormick)
Topics Profit Loss Flood
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