Swiss Re estimates $3.6bn of Q3 natural disaster costs
Global reinsurance giant Swiss Re has estimated its combined claims payouts in the third quarter from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico will be around $3.6bn (£2.75bn).
Showing the size of the challenge for the market, Swiss Re also estimated that total insured market losses for the industry caused by the natural disasters will be approximately $95bn; in context, the
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