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Chile quake could cost $8bn: Eqecat

02 March 2010

The magnitude 8.8 earthquake that occurred off the coast of Chile on February 27, 2010 could cost insurers between $3bn and $8bn, according to risk modeling firm Eqecat.

Read more: Chile eaarthquake quake eqecat risk modelling loss insurance

The magnitude 8.8 earthquake that occurred off the coast of Chile on February 27, 2010 could cost insurers between $3bn...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
50%
$4bn-$5bn
25%
$5bn-$6bn
12%
$6bn-$7bn
12%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield