Carriers face EUR250mn Abengoa insolvency loss

(Re)insurers in the trade credit and surety sector could suffer
net losses of up to EUR250mn ($271mn) from the collapse of
Seville-based multinational renewables group Abengoa,
The Insurance Insider has learned.
Carriers with significant exposure to the loss include Swiss Re,
Munich Re, Hannover Re and Zurich, with PartnerRe and Scor also set
to pay out claims.
Upfront losses could be as much to EUR700mn-EUR1bn, according to
sources.
However, it was suggested that the eventual net loss will tota