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An "exceptionally" heavy first half for earthquakes and storms has generated a record $22bn of insured losses from natural catastrophes, according to figures compiled by Munich Re.

The reinsurance giant noted that the figure already exceeds the total for 2009 as a whole and is more than double the first-half average for the past ten years.

The tally trumped the previous record for first-half losses set in catastrophe-struck 2008.

The Munich Re tally compares with analysis in the July issue...

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