Insured losses from Hurricane Dorian are expected to total several billions of dollars, German reinsurer Munich Re said on Sunday.
Board member Torsten Jeworrek, speaking at an industry conference, said that the estimate was a"rough guess" as damage was still to be tallied.Dorian ripped into the Bahamas earlier this week, leaving a trail of destruction and death, before pounding parts of North Carolina and moving on to Canada.
Separately, Jeworrek said he expected reinsurance rates to rise further across the industry, stabilizing after years of declines.Swiss Re , a major competitor, said it also expected rate increases in areas hit by heavy losses, but more stable rates elsewhere amid abundant capital.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hurricane Dorian makes landfall on North Carolina's Outer BanksELIZABETH CITY, UNITED STATES (REUTERS) - Hurricane Dorian made landfall on the Outer Banks of North Carolina on Friday (Sept 6), hitting the beach resort area with powerful winds and battering waves days after reducing parts of the Bahamas to rubble.. Read more at straitstimes.com.
Read more »
Hurricane Dorian slams into North Carolina's Outer Banks with high winds, storm surgeHurricane Dorian made landfall on the Outer Banks of North Carolina on Friday, hitting the beach resort area with powerful winds and battering ...
Read more »
Bahamas struggles to cope with decomposing bodies, emotional trauma after Hurricane DorianMARSH HARBOUR, Bahamas (REUTERS) - The smell of death hung over parts of Great Abaco Island in the northern Bahamas on Friday (Sept 6), as relief workers sifted through the debris of shattered homes and buildings in a search expected to dramatically drive up the death toll from Hurricane Dorian.. Read more at straitstimes.com.
Read more »
Hurricane Dorian death toll climbs to 43, expected to rise 'significantly'MARSH HARBOUR, Bahamas: The death toll from Hurricane Dorian's devastating rampage across the Bahamas rose to 43 Friday (Sep 6), a number ...
Read more »
Hurricane Dorian hits Canada's Atlantic coast, knocks out power, downs a craneHALIFAX, NOVA SCOTIA (REUTERS) - Hurricane Dorian slammed into Canada's Atlantic coast on Saturday (Sept 7), knocking down trees, cutting power, and blowing over a large construction crane in downtown Halifax, the capital of the province of Nova Scotia.. Read more at straitstimes.com.
Read more »
Hurricane Dorian death toll climbs to 43, expected to rise 'significantly'MARSH HARBOUR, Bahamas: The death toll from Hurricane Dorian's devastating rampage across the Bahamas rose to 43 Friday (Sep 6), a number ...
Read more »