Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

2011 cats cost $108bn as 2005 holds out record

15 December 2011

This year will just fall short of overtaking 2005 as the most expensive year ever for the insurance industry, according to estimates from Swiss Re.

The reinsurer's preliminary Sigma report estimates the 2011 tally of insured catastrophe losses at $108bn, just falling short of the $123bn of claims lodged in 2005 when hurricanes Katrina, Wilma and Rita devastated the US and racked up losses of more than $100bn between them.

Further claims from the Thailand flooding or European winter storms...

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Share: This article was published as part of issue December 2011/1

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