Looking For Market Distribution? Download the Media Kit
The world's biggest reinsurer, Munich Re, said it expects claims from Hurricane Ike to total about $680 million, exceeding an earlier estimate.
Published on February 27, 2009
"This claims burden is already taken into account in the preliminary figures published Feb. 4,” Munich Re said in an e-mailed statement today. The figure given today excludes retrocession, which reinsurers use to share some of their risks with rivals.
The Munich-based reinsurer said on Sept. 29 it expects pretax damage claims from Hurricanes Gustav and Ike, which hit the U.S. earlier that month, to total about $500 million with Ike contributing about $400 million.
Are you retail Agent Looking for a Quote?