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Empresas y finanzas

Swiss Re sees $4-$7 billion insurance losses from quake


    ZURICH (Reuters) - Swiss Re said on Wednesday the insurance sector stood to lose $4-$7 billion from the earthquake in Chile, a sum unlikely to bring the long hoped-for increase in reinsurance prices.

    The world's second-biggest reinsurer estimated its own losses from the Chile disaster, one of the most powerful earthquakes in a century, at around $500 million.

    The company said it would also lose around $100 million from winter storm Xynthia which caused widespread damage in northern Spain and France at the end of February.

    (Reporting by Jason Rhodes; Editing by Dan Lalor)