Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Insured losses from Tianjin blasts could total up to $6 billion: IUMI official

February 04, 2016 Reprints

Patrizia Kern-Ferretti, an official at the International Union of Marine Insurance, has said that insured losses from China's Tianjin port explosions are likely to total between $5 billion and $6 billion, reported Artemis.bm.

Ms. Kern-Ferretti said that about 70,000 cars are likely to have been in the port area during the blasts. Loss exposure for some ILS funds to the blasts is likely to grow and there could also be exposure in some reinsurance sidecars.

Help

Insured losses from Tianjin blasts could total up to $6 billion: IUMI official

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources