The latest report from Aon Benfield’s Impact Forecasting unit found that global insured losses for 2011 and 2012 were well above the norm at $132.62 billion and $72.24 billion respectively.
2011 was a particularly torrid time for the industry with losses 229 percent of the global loss average of $57.93 billion, while losses from 2012 were 125 percent of the average. Earthquake losses stood out as the major peril for 2011, accounting for $52.35 billion of losses—well above the annual average of $7.39 billion. While in 2012 a confluence of drought, severe weather and tropical cyclone losses, all above the annual industry loss average, buffeted the sector.
A comparison of loss by peril between 2002 and 2013 provides an indication of the mix of insured losses suffered during 2011 and 2012, with a broad cross-section of perils accounting for insured losses over the two year period.
12 April 2024 Fidelis chief of staff and former broker Hannah Greenwood willingness to seek out new opportunities has helped her progress through the industry.