A major international insurer said its losses from flooding in the United Kingdom would not exceed $400 million, and a rating agency said the event would not affect its rating of the country's insurers.
Yesterday, Zurich Financial Services Group said it estimated losses from the United Kingdom floods in June would not exceed $400 million net of reinsurance. The carrier said its estimate covers flooding from June 14 to 25.
Charges from the event will be recorded in the Zurich, Switzerland-based insurer's first-half results.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
