Swiss Re estimates $42bn in H1 global insured cat losses
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Swiss Re estimates $42bn in H1 global insured cat losses

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Swiss Re has estimated a global insured catastrophe loss of $42bn for the first half of 2021, driven by a deep winter freeze, hailstorms and wildfires and marking the second highest first-half figure behind 2011.

The six-month total for that year reached $104bn due to major earthquakes in Japan and New Zealand.

In 2021, natural catastrophes accounted for $40bn, with the extra $2bn made up by man-made disasters, a lower-than-usual figure likely resulting from remaining...

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