Tianjin explosions could cost up to $3.3bn
The Tianjin explosions have caused potential losses estimated to range from $1.6bn to $3.3bn (£1bn to £2.2bn), according to Guy Carpenter, with the firm adding the Chinese port blasts are "set to become one of Asia's largest manmade loss events."
This is above a previous evaluation. Last month, Fitch Ratings in Hong Kong estimated that losses from the Tianjin blasts could cost insurers as much as $1.5bn.
Guy Carpenter, which is a subsidiary of
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