2011 to become high claims year for reinsurer

Swiss Re said claims from the recent earthquake in New Zealand would cost it around 800 million Swiss francs (£530.5 million), according to Reuters.

This means 2011 could become a high claims year overall for the world's second-biggest reinsurer.

According to Swiss Re, total insurance industry claims from the quake will run to $6bn to $12bn, making it a significant global event for insurers.

The magnitude 6.3 earthquake which struck New Zealand's South Island on Feb 22nd caused fatalities and widespread damage, particularly in the city of Christchurch.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics