Insight and Intelligence on the Global Facultative Markets

5 February 2012

Lloyd’s queries Chile black hole

12 July 2010

Lloyd's recent delegation to Chile has raised serious concerns about the continuing lack of information on major losses relating to a swathe of companies with operations in the country, Inside FAC can reveal.

The five-strong team was dispatched to Chile on a 10-day reconnaissance mission last month to obtain a fuller picture of catastrophe losses from the February earthquake.

Information gathered so far by Lloyd's suggests that the gross reserve figure for fac-style major property catastrophe losses in Chile is...

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