Catastrophe modelling firm AIR Worldwide estimates that industry insured losses from earthquake that struck New Zealand on February 22nd will be between 3.5 billion USD and 8 billion USD. German insurer Allianz announced 2010 net profits jumped by 20 percent to 5.05 Billion Euro. Earlier this year we have met with David Powell, Underwriting Manager at the Lloyd’s Market Association and asked him what he expects for 2011.
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