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


Our Privacy Pledge

Deepwater Horizon Images
Workers Bundle Oil Containment Boom Donnie Wilson, CEO of Elastec Inc. Diagram of Deepwater Horizon Resting Pla ROV Cutting the Macondo Riser
In Situ Burn Training Deepwater Horizon in Flames (Apr 20) BP CEO Tony Hayward with USCG Smoke from Deepwater Horizon (Apr 21)
71 more images view image library

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours