Lloyd's counts cost of Chile earthquake and Deepwater Horizon explosion
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of $1.4bn.
It has also announced its current estimates for the net claims from the Deepwater Horizon explosion in the Gulf of Mexico, which stands at between $300m and $600m.
Lloyd's said that as additional information emerges, its actual ultimate net claims from both events may vary from this preliminary estimate.
It said its preliminary estimate of claims from the two events is consistent with the upper range of industry insured loss estimates and draws on market share analysis, the application of
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