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21 May 2012

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Berkley sees Thailand as a $20bn event

7 December 2011

WR Berkley founder and CEO Bill Berkley has underlined the extreme uncertainty over insured losses from the Thailand floods by estimating industry losses of $20bn.

In the December edition of The Insurance Insider, which is available to download later today, we reveal that a $20bn insured loss could lead to up to $15bn of losses falling into the international reinsurance markets.

Berkley's remarks come a day after Swiss Re predicted an insured loss of $8bn-$11bn and Aon Benfield forecast a...

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