Aon has revised its reinsurance industry loss estimates for Hurricane Michael and asset Florence , predicting significantly greater losses than initially predicted . The broker has now estimated Hurricane Michael losses at $ 11bn , up from its original $ 8bn estimate , and those from Hurricane Florence at $ 10 . Aon ’s are the highest industry loss estimates for the firm to exceed and exceed Munich Re ’s projections of $ 10bn for 2007 and $ 5bn for Florence .
Aon has revised its reinsurance industry loss estimates for Hurricane Michael and Hurricane Florence, predicting significantly greater losses than initially projected. The broker has now put Hurricane Michael losses at $11bn, up from its original $8bn estimate, and those from Hurricane Florence at $5.5bn. Aon’s are the highest industry loss estimates for the hurricanes to date and exceed Munich Re’s projections of $10bn for Michael and $5bn for Florence.