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.

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