SIRC: AM Best sees lessons to be learned from Tianjin

Ratings agency AM Best has predicted that the insurance market will
work to develop covers which better consider aggregation risks at
ports following the explosion at Tianjin, China, in August.
Loss figures around the event are still vague, with many putting
their estimates around $2.5bn to $3.5bn.
Speaking to this publication at the Singapore International
Reinsurance Conference (SIRC) in Singapore on 2 November, John
Andre, group vice president, US domestic and international
relations at AM Be