Swiss Re expects $750mn impact from Ida and industry loss of $28bn-$30bn
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Swiss Re expects $750mn impact from Ida and industry loss of $28bn-$30bn

Rachel Dalton
05 October 2021
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Swiss Re has estimated its claims burden from Hurricane Ida will be $750mn, as it pegged the industry insured loss at $28bn-$30bn.

The carrier’s industry loss estimate comes after cautious early estimates across the sector have been surpassed. RMS has now estimated the storm, which struck both Louisiana and the north-eastern US with heavy flooding, will cost insurers between $31bn and...

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Topics

Swiss Re News Claims and losses Re/insurers
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Rachel Dalton
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