Kyrill set to cost Munich Re $778m
Munich Re has forecast a loss of up to $778m from winter storm Kyrill. The loss includes claims relating to its primary insurance subsidiary Ergo.
Munich Re also estimated the overall insured market loss in the region of €5–7bn. The country hit worst by the winter storm was Germany, but there were also high losses in the United Kingdom, theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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