Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018

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Swiss Re: 2017 worst ever year for cat losses

  • Rachel Dalton 10 April 2018
  • Global insured losses from catastrophes reached $144bn in 2017, the highest-ever recorded in a single year, according to Swiss Re's latest Sigma report.

    The total is a 6 percent increase on the December estimate of $136bn, which had not incorporated that month's Californian wildfire events.

    It is also significantly more than the previous ten-year average figure of $58bn, and 2016's figure of $56bn.

    Hurricanes Harvey, Irma and Maria (HIM) accounted for $92bn in insured losses, making 2017 the second costliest...

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