Swiss Re puts tsunami losses at Â£45 million
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Swiss Re has estimated its losses to the Indian Ocean tsunamis at less than 100 million Swiss francs, reinforcing observations that victims of the disaster had little insurance coverage.
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European insurers face new costs and  travel firms could lose business after tsunami waves killed  more than 21,500 in Asia this weekend, but the financial impact  is expected to be limited compared with other disasters this  year.
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German reinsurer Munich Re (MUVGn.DE: Quote , Profile , Research ) expects losses from the three hurricanes that have hit the U.S. to be about 500 million euros ($615 million), a spokesman for the company said ...
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The tsunami catastrophe in South Asia is likely to have caused economic damage of more than 10 billion euros (about $14 billion), compounding what was already the most expensive year in history for insurers, the world&#39;s
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Kuoni Reisen Holding AG and Hotelplan AG, Switzerland&#39;s two largest tourist operators, are flying back guests from Asian resorts after the strongest earthquake in 40 years unleashed tidal waves throughout the area.
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LONDON (CBS.MW) -- Munich Re, the world&#39;s largest reinsurer, expects its costs arising from Sunday&#39;s devastating South Asian tsunamis to total less than 100 million euros, or $136 million.
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SYDNEY (Dow Jones)--Australian general insurer QBE Insurance Group Ltd. (QBE.AU) said losses from tsunamis that have swept Asia in recent days are not expected to have a material impact on earnings targets.
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The European Commission pledged an additional 350 million euros (&#36;462 million) over three years on Thursday to relief efforts for the devastating Dec. 26 Indian Ocean earthquake and tsunami.
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Troubled German business lender IKB has estimated its latest losses at around 1.0 billion euros (1.45 billion dollars), which should be covered by an aid package from the government, the bank said late Wednesday.
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The world&#39;s largest reinsurer, Swiss Re, on Monday said that damage claims for natural disasters for the year were likely to nearly triple and cost the industry an estimated 35 billion dollars in 2007.
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The European Commission (EC) has decided to provide a total of 3 million euros (3.9 million US dollars) for the victims of tidal waves in South Asia, an EC pressrelease reported on Sunday.
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The world's biggest reinsurer said Tuesday that the deadly Indian Ocean tsunamis likely will cost it less than 100 million euros (&#36;136 million), saying its exposure to the extensive damage would be limited by low insurance coverage.
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The Foreign Ministry of Switzerland confirmed on Saturday that 16 nationals of that country were killed in the Indian Ocean tsunami on December 26.
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THE British government today raised its pledge for aid to the tsunami disaster to Â£50 million ($124.22 million), up Â£35 million ($86.96 million) from yesterday, the Department for International Development said.
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BERLIN -- Munich Re, the world&#39;s biggest reinsurer, said Tuesday that the deadly Indian Ocean tsunamis likely will cost it less than 100 million euros ($136 million).
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The Swiss reinsurance company Converium, whose finances have already been dented by US casualty losses, said that a string of hurricanes and typhoons that hit the US and Japan this year would cost the company 90 million dollars (73.2 million euros).
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The Swiss government has promised an additional SFr25 million ($22 million) in immediate aid to countries hit by the tidal waves in southeast Asia.