Average cat losses in 2020 contribute to ‘orderly’ 1 Jan renewals: Aon

Hurricane Hanna Credit: Wikimedia

Global insured catastrophe losses totalled $86bn last year and were almost exactly the $87bn average of the last ten years, according to preliminary figures from Aon in its Reinsurance Market Outlook. It adds that the 1 Jan reinsurance renewals were “orderly and efficient”, as sufficient capital kept things in check. The broker explains that the US experienced significantly higher insured…

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