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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 →