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Hagibis claims could surpass $10 billion

Posted On: Oct. 24, 2019 6:29 AM CST

Flooding in Yokohama, Japan

Swiss insurance-linked securities manager Twelve Capital AG said that claims related to typhoon Hagibis could surpass $10 billion, Artemis reported. That estimate was due to the unprecedented flooding caused by the event, but Twelve Capital said it would not have a major impact on insurance-linked securities.

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