Swiss Re has estimated its preliminary combined claims burden from recent natural catastrophes booked in the fourth quarter of 2018 at approximately $1.0 billion, net of retrocession and before tax, mainly affecting the reinsurance operations. Swiss Re, Natural catastrophe, Losses, Property, Reinsurance, California wildfires, North America, Global, Europe
Swiss Re has estimated $1bn of losses for natural catastrophe claims in Q4 2018, with Hurricane Michael and California's Camp and Woolsey wildfires in the US expected to cost the insurer $150m and $375m in claims respectively. Costs of typhoons Jebi and Trami in Japan rose an estimated $320m in the quarter. Meanwhile, man-made catastrophes, including a large industrial fire in Germany, the Ituango dam flooding and a satellite loss, cost the company around $300m.