Skiplink Navigation

Main Features

Chile quake to cost Swiss Re more than thought

The earthquake which took place in Chile in February will cost Zurich reinsurer Swiss Re a quarter more than estimated.

The world’s second largest reinsurance group has reassessed the cost to $630 million (SFr720 million) against $500 million forecast at the beginning of May.

Swiss Re said the new appraisal is based on clients’ damage declarations, and added the final cost remained subject to change.

The quake that shook Chile on February 27 killed nearly 350 people and was the fifth-strongest since worldwide records began in 1900.

In a news release on Friday, Swiss Re said the growth outlook for the reinsurance industry in the next decade was moderate but stable.

Swiss Re estimates the non-life industry (6.5 per cent) will grow more than the life and health industry (3.7 per cent) over the next decade. and agencies


Neuer Inhalt

Horizontal Line

Survey Swiss Abroad

Survey: Keyboard and Hand close-up

Dear Swiss Abroad, tell us what you think

Survey Swiss Abroad

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters