Market Loss from Event Could Be $3.5B

Deepwater Horizon Gulf of Mexico Oil Spill

In its quarterly earnings report released Thursday, Swiss Re gave its pre-tax, provisional estimate of the loss from the explosion of the Deepwater Horizon rig: $200 million.

Swiss Re added that the total insured market loss from the event could be more than 10 times that figure, ranging from $1.5 billion to $3.5 billion. The Zurich-based reinsurer cautioned that the ultimate loss is hard to predict given the developing nature of the situation and considerable uncertainties involved.

More info on the Deepwater Horizon Gulf of Mexico Oil Spill

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

Deepwater Horizon Images
Workers Prep Booms to Protect Shoreline ROV Cutting Macondo Riser Macondo Oil Slick (May 1) Deepwater Horizon Debris/Smoke (Apr 22)
Two fishing vessels drag an oil boom Deepwater Horizon Listing (Apr 22) Donnie Wilson, CEO Elastec Inc. Building Pollution Containment Chambers
71 more images view image library


Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours