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D&F market faces $5bn Chile loss
25 February 2011
The direct and facultative (D&F) market can expect to pay the lion's share of losses from last February's Chile earthquake, with a 60 percent share of total reinsured losses of $8.5bn, according to Aon Benfield.
The figure is due to the highly geared nature of the Chilean market, the broker said.
While a comparable US event would expect to see around 50 percent of the loss ceded, in this instance some 95 percent of the overall $8.5bn hit fell to...
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