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”.
ZURICH, Switzerland--Swiss Reinsurance Co. estimates that European windstorm Kyrill could cost the insurance industry €3.5 billion ($4.54 billion) and estimates its own net claims to be about €140 million ($181.5 million) before taxes.
Zurich, Switzerland-based Swiss Re described its Kyrill losses as modest, which it attributed to strict underwriting selection and a successful hedging strategy.
Kyrill formed on Jan. 15 over Newfoundland and made its first landfall Jan. 18 in Ireland and the United Kingdom before moving to continental Europe.
London-based catastrophe modeling company Risk Management Solutions Inc. has estimated Kyrill could cost an estimated €3 billion to €5 billion ($3.89 billion to $6.48 billion) in insured losses, while Oakland, Calif.-based risk modeler EQUECAT Inc. has put a €2.5 billion to €5 billion ($3.24 billion to $6.48 billion) estimate on the storm's damage. Meanwhile, modeler AIR Worldwide Corp. issued a larger and broader loss range of €4 billion to €8 billion ($5.19 billion to $10.37 billion).