London stocks pricing for $20bn industry loss
The share price movements of the big Lloyd's players show the market is anticipating industry-wide insured losses of $20bn, according to Oriel Securities analyst Thomas Dorner.
The figure is consistent with initial estimates of insured losses, and would be in the mid-range of the $15bn to $35bn prediction provided by modelling agency AIR.
Dorner used individual Lime Street (re)insurers' disclosed realistic exposures to a Japanese earthquake, which are required by Lloyd's, to conclude that the market is expecting the $20bn...
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:
