Artemis

Launched in 1999, Artemis is the longest running media source providing news, analysis & data on the catastrophe bond, insurance linked security, non-traditional reinsurance capital and associated risk transfer markets.

Tianjin Explosions Property Insurance Loss Could Reach $3.5bn: Swiss Re

Global reinsurance firm Swiss Re said today that its estimate for the insured property losses resulting from the Tianjin, China port explosions last summer could be as high as $3.5 billion, saying that significant uncertainty remains in the estimates, perhaps suggesting it could creep even higher. The Tianjin port blasts were the largest insurance and reinsurance loss related to a man-made disaster in 2015 and the loss estimates keep creeping upwards. Swiss Re...