European wildfires face ‘major insurance gap’: Swiss Re

Swiss reinsurance giant Swiss Re cannot quantify the economic damage caused by the severe forest fires that have ravaged several European countries. However, the company expects that these events will not have a material impact on its financial results, not least because a significant proportion of the damage is uninsured. + How to prevent wildfires in Switzerland and Europe During the press conference on the half-yearly results, chief financial officer Anders Malmström said that there is a…