Group chatting on bridge with sheep.

Tianjin explosions leave insurers exposed to claims

Published on 21 August 2015

On 12 August 2015, multiple explosions occurred in the Chinese city of Tianjin, a major industrial port and goods gateway to Beijing.

The potential loss to insurers is estimated to be over US$1.5bn, with a large proportion of exposure to Chinese insurers, but it is likely that a large number of international insurers and reinsurers will also face claims.