Reported Chile losses now over $6bn
Losses reported by the (re)insurance industry for the Chilean
earthquake have slipped over the $6bn threshold, thanks to a
late-arriving $810mn addition from US (re)insurance behemoths
Berkshire Hathaway and AIG.
The first quarter results season has produced a flurry of estimates
and revisions from the 27 February disaster - including several
upwards adjustments.
The Validus estimate settled at $292mn - above the $170mn to $270mn
projected at first, while Everest found itself uncomfortably
exposed with an upper bound of $386mn...
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