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December cat losses below average, says Jefferies

January 27, 2021

Analysts at Jefferies have estimated that re/insurance industry losses from catastrophes were 16% below the long-term average in December 2020.

Amongst these losses, winter weather and severe storms featured as the most prominent perils, accounting for 71% of the total insured losses.

Relative to prior years, December wildfire losses were lower, especially if the December 2019 to January 2020 Australian wildfires are included in the comparison period.

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