Large individual losses from 2012 to date are expected to cost
(re)insurers an estimated $9bn, according to research by sister
title Inside FAC.
A range of natural catastrophe and man-made disasters, including the Elgin oil rig fire, the Costa Concordia grounding off Italy and spring tornadoes in the US, are expected to cost less than $10bn (see table), according to our research.
And this was broadly corroborated in a report out today by Guy Carpenter, who estimated that the industry...
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