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Zurich's 2011 cat losses may trigger aggregate reinsurance

Thailand floods

Zurich Financial Services expects the impact of the floods in Thailand and the increased cost of the earthquakes in New Zealand in the fourth quarter of 2011 to range between $200 and $250m (€189.9m).

This includes the benefit of recoveries from its global aggregate catastrophe reinsurance cover.

Based upon preliminary estimates, Zurich expects losses related to Thai floods to be between $250 -

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Paul Morden, Munich Re

Paul Morden, CEO of Munich Re UK’s branch is responsible for shaping and delivering reinsurance strategy across the UK and Ireland.

Jason Richards, Swiss Re

As CEO for UK & Ireland at Swiss Re, Jason Richards sits at the centre of one of the most influential reinsurance platforms in the London market, shaping how insurers respond to an increasingly volatile and complex risk environment.

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