Spring storm loss estimates announced by Zurich Financial Services

Zurich Financial Services Group has released its estimates regarding the Farmers Re and Zurich North America losses resulting from the $295 million in aggregate claims as a result of April and May’s severe weather events in the United States. The data represents only the net of reassurance estimate before tax, but this will be included into the mid-year results which will be released on August 11. The losses from April and May are related mainly to the American Southeast and Midwest regions where there were a large number of hail…

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