When talking about storm .. the latter might not be virtual
It never rains but, while international finance are strongly chahutées recent times, The Lloyd's of London will stop at no "sacrifice" to add a pinch of salt on environmental markets.
They indicated Tuesday expected claims 2.34 billion, or 1.3 billion pounds, after hurricanes Ike and Gustav in the southern United States in September.
Everything is fine, I'm fine, that said ...
This amount covers damage on land and at sea, under damage estimated at 20 to 25 billion dollars for all of the insurance industry, Lloyd's show in their press release, recognizing that "the sector's losses probably exceed the original estimates.( Finance Information City )
"According to current estimates, losses due to Hurricane Gustav should be within the normal line of our business," said serene, last September the London market of insurance.
Most estimates while betting on the insured loss less than $ 10 billion U.S.: 3 to U.S. $ 7 billion according to the company Eqecat analysis (which does not damage the oil rigs), 4 - 10 billion according to Risk Management Solutions and Standard and Poor's.
The figures announced by Lloyd's are now to a much higher exposure than his. Munich Re announced an exhibition of about 500 million dollars and Swiss Re $ 300 million, Hanover Re expecting for its part to requests from 50 to 90 million for Gustav alone.
"Requests made to Lloyd's will be manageable, and are in the ordinary course of business", nevertheless noted Richard Ward, director general, that's reassuring. "(Our) exhibition is in line with expectations and reflects our strong position on the business lines affected," he added.
The Lloyd's finally warn that "it will not be possible for some time to have a clear idea of the final cost to the extent that the full extent of damage is not yet known."
In 2005, hurricanes Katrina, Rita and Wilma had caused jointly between 80 and 92 billion U.S. $ insured loss. By itself, Katrina had cost between 40 and 66 U.S. $ insured damage, making it the most expensive in history.
The American Institute of Information on insurance (Insurance Information Institute) warned late August that a future hurricane "could be even more expensive" than the hurricanes of 2005, reaching 100 billion U.S. dollars. The insured properties on the coasts of Louisiana, Mississippi and Texas have a value of U.S. $ 1171, according to the institute Air Worldwide.
0 comments:
Post a Comment