Losses arising from catastrophes for private and public insurers will top at least $14bn in the first-quarter of 2022, says a new report from re/insurance broker Aon.
The report, the Q1 Global Catastrophe Recap, states that total economic losses in Q1 2022 were $31bn around the world, with just under half of this covered by public and private insurers. The firm also noted that this year is the sixth in a row that Q1 losses have topped $10bn.