image credit: Pxhere

Catastrophe losses running 30% above average after April

May 17, 2021

Despite April being a quieter month globally for insurance and reinsurance market losses caused by natural catastrophes and severe weather, analysts at investment bank Jefferies still estimate that claims year-to-date are running approximately 30% above average.

After the first-quarter of the year insurance and reinsurance market losses from natural catastrophes and severe weather were deemed to be running some 33% higher than the 10-year average, by thee analysts.

Read More on Artemis BM