NU Online News Service, March 9, 11:39 a.m. EST
PartnerRe Ltd. said it expects insurance industry losses from the Chile earthquake could hit $10 billion and its own expected claims could exceed $300 million.
Its estimate for the impact on the industry is $2 billion higher than the largest catastrophe modeling firm estimate of $8 billion. PartnerRe also released an industry loss estimate for European Windstorm Xynthia of up to $4 billion.
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