Reinsurance broker Willis Re has said that it believes that the insured loss total from Super Typhoon Haiyan could be in the region of $500m to $700m, which is at the top end of estimates for insured catastrophe losses from Haiyan which have been published so far.
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A wide range of insured loss estimates is emerging from risk modellers for the damage to the insurance and reinsurance industry from devastating Super Typhoon Haiyan, which struck the Philippines with deadly force. Estimates currently range from $100m to $700m.
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Insurance-linked securities and reinsurance-linked investment manager Credit Suisse has released a statement saying that it does not expect any impact from the devastating super typhoon Haiyan, which struck the Philippines, to its IRIS Low Volatility Plus ILS fund.
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As we approach the last weeks of a relatively benign Atlantic hurricane season, which officially ends 30th November, we shift our thoughts across the world to the potential devastation that may be caused by Super Typhoon Haiyan in the coming hours.
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