Asia Capital Re facing $26mn Tianjin loss

Singapore's biggest reinsurer Asia Capital Re (ACR) has
estimated its net Tianjin loss at just $26mn, or 3.7 percent of
year-end shareholder equity.
The loss is lower than many in the market had been expecting,
but is still by far and away the biggest disclosed within its peer
group so far relative to the size of the company.
Most other reinsurers with exposure have declared losses equal
to around 1 percent of equity.
Swiss Re said yesterday (28 October) that...