Global insured natural catastrophe losses totalled $39.5bn in 2016, the highest level since the $60bn of losses suffered by the industry in 2012, according to Willis Re.
In a report the broker said the increased loss activity in 2016 contrasted with a trend for reduced nat cat losses between 2011 and 2015.
In this period annual insured natural catastrophe losses fell from $120bn to $23bn.
The largest single insured loss of $4.48bn stemmed from the Kumamoto earthquake in Japan in...
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