Insight and Intelligence on the Global Facultative Markets

19 May 2012

Aspen estimates Thai flood losses as Bangkok is inundated

8 November 2011

Aspen Insurance CEO Chris O'Kane has cited early indications from Thailand's local insurance market in the company's Q3 earnings call as pointing to a potential insurance bill of $4bn to $10bn from the flooding.

And evacuation was ordered from more districts of Bangkok yesterday as floodwaters head south across the Thai capital, threatening another two major industrial estates and raising the prospect of mounting insured losses.

Highlighting commercial and auto manufacturing exposure for the sector, O'Kane said that although it...


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