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March 10, 2010, 2:07 a.m. EST · Recommend ·

Swiss Re sees $500 mln Chile hit

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Alert Email Print By Steve Goldstein

LONDON (MarketWatch) -- Swiss Re [s:ch:rukn] said it provisionally estimates that it will lose $500 million before tax from the Chile earthquake, and that the insurance sector as a whole will lose between $4 billion and $7 billion. The winter storm Xynthia will result in a $100 million pretax hit, Swiss Re added.

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