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23 May 2012

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Scor estimates EUR140mn Thai loss

16 December 2011

Global reinsurer Scor has said it expects its net losses from the floods in Thailand to amount to EUR140mn.

The estimate was based on an insurance market loss range of $9bn to $11bn, with 10 to 15 percent retained by the domestic markets, around 20 percent by regional operations of international insurers and the rest by Japanese joint ventures or local subsidiaries and branches in Thailand.

Heavy rainfall during an intense monsoon season and the after-effects of three typhoons has...

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