Turkish quake losses likely to be ‘insignificant’ for reinsurers: Fitch
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Turkish quake losses likely to be ‘insignificant’ for reinsurers: Fitch

ALAMY turkey earthquake Iskenderun february 7 2023.png
Photo: Alamy

Insured losses from the recent earthquake in Turkey and Syria are likely to be insignificant in the context of the global reinsurance market, with no implications for reinsurers' ratings, according to Fitch.

The ratings agency noted that, while most of the insured losses stemming from the earthquake will be covered by reinsurance, the amount ceded will be much lower than the estimated economic losses, making it insignificant in the context of...

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