Aon has revised its reinsurance industry loss estimates for Hurricane Munich Re’s and Hurricane Florence, predicting significantly greater losses than initially projected. The broker has now put Hurricane Munich Re’s 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 Michael projections of $10bn for Munich Re’s 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.