RSA stands by modest £30mn Chile loss
UK and international P&C insurer RSA has maintained its
£30mn ($45mn) net estimate for the Chilean earthquake.
In its Q1 interim management statement the group - which is the
largest insurer in Chile - said that while the situation is still
evolving it would uphold its previous estimate, which comes net of
reinsurance.
As previously reported by The Insurance Insider, RSA has over £1bn of treaty reinsurance protection from two programmes - one is led by Lloyd's insurer Amlin plc,...
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