Global catastrophe losses rise to highest levels in four years

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With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.

In its Annual Global Climate and Catastrophe Report, Aon said that natural disasters in 2016 caused economic losses of $210bn (£172bn), 21% above the 16-year average of $174bn (£142bn).

The economic

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60 Seconds With... Foil’s Pete Allchorne

Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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