Change to Munich Re Board of Management
Tropical cyclones causing billions in losses dominate nat cat picture of 2019, according to Munich Re. Severe typhoons in Japan caused the year’s biggest losses and Hurricane Dorian, the strongest hurricane of the year, devastated the Bahamas. Natural catastrophes caused overall losses of $150 billion, with insured losses of about $52 billion – In line with long-term average. In the light of the humanitarian tragedy caused by cyclones in Mozambique – which caused over 1,000 deaths – Munich Re said better protection is urgently needed.
Munich Re, Tropical Cyclones, Insurance, Reinsurance, Catastrophe, Nat Cat, Torsten Jeworrek, Global