Chile loss estimated at $8.5bn
More than nine months after the earthquake that struck Chile, reinsurance broker Aon Benfield has estimated an ultimate industry insured loss figure of $8.5bn.
Initial loss estimates from catastrophe modelling firms and
reinsurers of between $8bn and $10bn have held up well, in contrast
to previous quake loss estimates where consistent creep has
inflated the final figure.
In May, Aon Benfield estimated that the total loss would fall
within the $6bn-$8bn range.
The broker included its revised loss forecast in...
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