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Insured catastrophe losses for first-half 2013 reach $20 billion: Aon Benfield

According to data released by Impact Forecasting, the catastrophe model development center of excellence at reinsurance broker Aon Benfield, the first-half of 2013 saw natural catastrophes cause $85 billion of economic losses, with around 24% insured leaving an insurance industry catastrophe loss of approximately $20 billion. The figures are below the read the full article →

Floods, led by Europe, dominate insured losses for first-half of 2013

The first-half of this year has seen natural catastrophe insured losses dominated by flooding, with around 47% of total economic losses and 45% of insured losses resulting from flooding events in Europe, Canada, Asia and Australia, according to data from the world's largest reinsurer Munich Re. In total, natural catastrophe events read the full article →

Record insured catastrophe losses in 2011 says Munich Re

Reinsurer Munich Re has published a review of the natural catastrophe loss event which impacted around the globe during 2011. According to their data, 2011 insured catastrophe losses reached $105 billion, beating the previous record losses of 2005 which Munich Re recorded as $101 billion. Economic losses were $380 billion during read the full article →

Asia Pacific accounts for over two-thirds of 2011 insured catastrophe losses

Of the approximately $108 billion of natural and man-made catastrophe insured losses experienced during 2011 the Asia-Pacific region accounted for over two-thirds of them, according to data published by Guy Carpenter today. This broke a historical trend of U.S. based events dictating the movement of property catastrophe reinsurance pricing, something read the full article →

Asia Pacific accounts for two-thirds of worlds insured catastrophe losses

The Asia Pacific re/insurance market accounted for two-thirds of the world's insured catastrophe losses during the first three-quarters of 2011 according to a new report from Guy Carpenter. It's a record share of the world's insured losses and demonstrates both the exposure to catastrophe events in Asia Pacific and the read the full article →