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Record first half losses approach $24bn

12 July 2010

Catastrophe losses in the first half of the year could reach a record $24bn as the full impact of the Chilean earthquake, windstorms and major man-made losses such as Deepwater Horizon and the Bangkok riots becomes clear.

The $24bn figure follows analysis by Inside FAC and correlates with the $22bn assessment of first half natural catastrophe losses made by Munich Re. The reinsurer's figure does not include man-made losses.

Munich Re noted that the figure already exceeds the total for...

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This article was published as part of issue July 2010/1

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