28 March 2015

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2011 losses could cost $108bn says Swiss Re

15 December 2011

According to preliminary estimates from Swiss Re's sigma team, total insured losses for the global (re)insurance industry from natural catastrophes and man-made disasters reached $108bn in 2011, more than double the figure of $48bn in 2010 and the second costliest year ever.

2005 - the year of hurricanes Katrina, Wilma and Rita - still ranks as the costliest ever, with total losses of $123bn.

However as the full picture on 2011 is still not known, the ultimate claims bill could...

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