Earthquake — Insurance Bureau of Canada

Swiss Reinsurance Report on Earthquake Risk in Eastern Canada

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Swiss Reinsurance  Report on Earthquake Risk in Eastern Canada

By Diarmuid O'Dea   The Swiss Reinsurance company, commonly called Swiss Re, issued a report July 11 saying that "Earthquakes in the east (of Canada) tend to be of lower magnitude than in the west (of Canada), but their loss-inflicting potential, particularly in southern Quebec and eastern Ontario is huge" The Swiss Reinsurance Company is the world's second largest resinsurance company and has been in business under one name or other since the mid-nineteenth century.  The company has annual revenues of $33B US. It has 14,000 employees and total assets of $215B US. It has more financial strength than most governments. ...

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