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Swiss Re expects $3.6-billion claims bill from quakes, hurricanes

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Swiss Re Ltd. said that its claims bill related to two earthquakes in Mexico and hurricanes Harvey, Irma and Maria in the United States is likely to total $3.6 billion in the third quarter, Reuters reported. The reinsurer expects to receive claims of around $175 million related to the quakes in Mexico alone. The total insured market loss from the hurricanes and quakes is estimated to total $95 billion, Swiss Re said.

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