Insurers likely to incur ‘notable’ cost due to European floods: Aon

12 January 2024

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Continued flooding in the France and UK is likely to add a “notable, additional cost to insurers,” with losses already in the tens of millions of dollars, according to Aon’s latest catastrophe report.

Heavy rainfall in the UK following a yellow rain warning on 3 January led to flooding in parts of England and Wales, with around 1,000 homes impacted.

Widespread

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Insurers likely to incur ‘notable’ cost due to European floods: Aon

Continued flooding in the France and UK is likely to add a “notable, additional cost to insurers,” with losses already in the tens of millions of dollars, according to Aon’s latest catastrophe report.

Fuel a smarter strategy with our actionable market intelligence

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Insurers likely to incur ‘notable’ cost due to European floods: Aon

Continued flooding in the France and UK is likely to add a “notable, additional cost to insurers,” with losses already in the tens of millions of dollars, according to Aon’s latest catastrophe report.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn