Aon PLC said in a report Thursday that first-quarter insured natural catastrophe losses have reached $15 billion and total economic losses totaled $65 billion.
Most of the insured losses come from events in the US (58%) and Europe, the Middle East and Asia (25%), according to the report.
Insured losses in excess of $3 billion are expected from an outbreak of strong convective storm activity in the United States on March 1-3.
In New Zealand, there were “unprecedented” weather-related losses within four weeks, including the Auckland flood and Cyclone Gabrielle, with insured loss estimates from these two events close to $2 billion.
In April, Turkey’s Insurance Association estimated expected losses for the private insurance sector at $3.9 billion for the February earthquake.
Aon also warned in its report that “robust”; loss trends are expected to continue for the rest of the year.