Aon Benfield has estimated that the floods in China during July caused economic losses of $8.3bn.
Heavy rainfall in China spawned flooding and landslides in nearly two dozen provinces, leading to 324 deaths, at least 475 000 destroyed or damaged homes and more than 1.66 million hectares (4.1m acres)...
Here are the important insurance news and Post exclusives of the past week, in case you missed them.
Broker network Compass said being independent from a major player like Arthur J Gallagher now meant the business was more “credible” than its rivals.
Broker network Compass has staged a management buyout from parent company Arthur J Gallagher.
A new product that detects water leaks early could save the UK insurance industry millions a year, Homeserve Labs have said.