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Catastrophe losses for insurers to top $14bn for Q1 2022

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.

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