Hurricane Ian blows Swiss Re into loss ...Middle East

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Hurricane Ian blows Swiss Re into loss
ZURICH: Swiss Re warned investors Tuesday that Hurricane Ian would push it into a third quarter loss of approximately half a billion dollars.The Swiss reinsurance giant gave a preliminary estimate of total insured losses from the hurricane which ravaged Cuba and the southern United States at $50-65 billion.“With sustained wind speeds of about 150 miles per hour (240 km/h), Ian was one of the strongest hurricanes to ever make landfall in the US, subjecting the affected region not only to extreme winds but also storm surges and torrential rain,“ the firm said.Swiss Re estimated it will receive approximately $1.3 billion in claims from the storm, which struck the US state of Florida as a catego

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