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October 07, 2004

Swiss Re sees hurricane claims at $750 mln

Swiss Re expects claims from four recent hurricanes that have devastated parts of the United States and one typhoon that hit Japan to total some $750 million, the world's second-largest reinsurer said on Thursday. It said that recent hurricane Jeanne alone was expected to cause some $150 million in claims on a pre-tax level.

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Posted by Tom Troceen