Insurers pay less than 10% of Beirut Port blast damage claims

Share!

Business Insurance - Aug 05, 2021

Assaad Mirza, CEO of Lebanon-based Capital Insurance & Reinsurance Co. SAL, said that insurers have paid only $100 million of the estimated $1.1 billion in insured losses related to the Beirut Port blast after one year of the incident....

Read Full Article

Recommended Articles

South Korean insurers post combined net profits of nearly $6 billion

Posted: Aug 22, 2023

South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 b...

P&C insurance market sees reduced capacity on risks

Posted: Aug 22, 2023

According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced...

Latin Re obtains license to operate in Lloyd’s marketplace

Posted: Aug 22, 2023

Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate d...