Thai loss declarations edge $8bn
The industry Thai flood loss estimate was poised to edge past $8bn after Lloyd's (re)insurers Amlin and Beazley unveiled figures on 7 February that suggested Lime Street cat writers could face a proportionately higher exposure to the loss than their Bermudian counterparties.
Lloyd's (re)insurer Amlin is expecting losses from Thailand of £50mn to £70mn, equivalent to around 4 percent of tangible book value, the firm said in 7 February announcement on the London Stock Exchange.
Meanwhile, Lime Street peer Beazley&#...
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