Insight and Intelligence on the Global Facultative Markets

19 May 2012

Fac market to take heavy Chile loss

23 March 2010

The fac market looks set to take half of all insured losses from the Chile earthquake, with key facultative sectors such as pulp and paper and energy among the industrial areas most heavily affected.

With market estimates placing the overall loss to (re)insurers at up to $10bn, facultative losses stemming from the temblor could reach $5bn, with contingent business interruption losses on suspended operations likely to hit hard.

The 8.8 magnitude quake struck off the Chilean coast on 27 February,...

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