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Munich Re $37B 2010 Cat Loss Estimate In Line With Earlier Estimate

Munich Re said 950 natural catastrophes in 2010 caused about $37 billion in industry-wide insured losses, an estimate that is relatively in line with an earlier estimate of $36 billion by Swiss Re.

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NU Online News Service, Jan. 4, 3:50 p.m. EST

Munich Re said 950 natural catastrophes in 2010 caused about $37 billion in industry-wide insured losses, an estimate that is relatively in line with an earlier estimate of $36 billion by Swiss Re.

Munich Re said overall losses from these events, including those not insured, are estimated at $130 billion. The number of catastrophes was the highest since 1980 and exceeded the average for the last ten years of 785 events, the global reinsurer said.

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