Insight and Intelligence on the London & International Insurance Markets 24 Jul 2017
Protector Forsikring pegs Grenfell claim at £50mn
- 7 July 2017
Norwegian general insurer Protector Forsikring has issued a £50.0mn ($64.6mn) preliminary estimate for its gross claims stemming from the Grenfell tower tragedy, indicating it expects a total loss to the policy.
The carrier said the figure, which was published in its second quarter results today, remains "highly uncertain" and that it would likely take years for the level of claims to crystallise.
However, Protector added its share of claims from Grenfell net of reinsurance are expected to total around £2.5mn...
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