Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on Friday, driven by the impact of Hurricane Ian which hit Florida earlier this year. Flood and hail in Europe, Australian …
Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe update. The reinsurer said the protection gap (the difference …
Munich Re’s review of losses caused by natural catastrophes in 2014 confirms that it was indeed another benign year for the re/insurance industry. “The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that …
Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted an eight percent drop in first-half pretax profit on losses from foreign exchange and natural catastrophes. Profit declined to £148.5 million ($248.5 million) from £161.4 million [$270 million] …
