Chile losses continue to creep
Everest Re hiked its Chile loss estimate by nearly 40 percent at its Q2 analyst call, highlighting the potential for significant deterioration in company and industry loss burdens.
When its revealed its initial $290mn gross loss estimate from the quake, the reinsurer also disclosed that it had no retro cover to protect it from further deterioration, so an increase to $400mn gross was no great surprise.
And despite the higher loss figure - equivalent to $306mn after tax and net...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
