Lloyd’s Chile loss over $500mn; D&F writers hit hard
Lloyd's net share of the Chilean disaster will be in excess of $500mn and possibly $750mn+, according to The Insurance Insider's initial analysis.
Although the insurance market is still quantifying the net loss exposures of the 50+ managing agents who underwrite through the Lime Street platform, there is little doubt that the market will have a sizeable exposure, as most loss estimates now suggest it will be the costliest cat event to hit Latin America.
But while uncertainty still reigns...
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