$2.3bn and rising…
Large industrial and other facultative-style insured losses from the Chilean earthquake already total $2.3bn, according to gross reserve figures compiled by Lloyd's during a fact-finding mission in June.
With more than half of the insureds surveyed by the delegation still to confirm claims figures, the tally of large risk losses can only mount over the coming months.
The Chile Cat Co-Ordination Group visit in June followed London market concerns over the extent of information about the losses, and predictions that...
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