Aussie flood estimates rise by 28%: ICA
June 2 2022 by InsuranceAsia News Staff
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Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
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Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.
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