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International

Leading reinsurers reveal billion in losses from quakes

May 15, 2024 Reprints

The world’s top reinsurers have disclosed losses arising from the deadly earthquakes that struck Turkey and Syria on Feb. 6, with Munich Reinsurance Co. expecting losses of around €550 million ($594 million), Middle East Insurance Review reported. Hannover Re SE reporting a net loss of €270 million from the event. The Turkey quakes as well as the one that that struck Morocco in September 2023 led Swiss Reinsurance Co. Ltd. to pay more than $500 million in claims.,

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Leading reinsurers reveal billion in losses from quakes

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