Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases its latest Monthly Cat Recap report, which provides an analysis of global natural perils in April.
Published by the Impact Forecasting team, Aon Benfield’s catastrophe model development center of excellence, the report highlights that a series of earthquakes in
The epicenter of the main earthquake was 11 miles west-southwest of Guadalupe Victoria in
Economists in
The earthquake was also felt in Southern California, where the town of
Steve Jakubowski, President of Impact Forecasting, said: “The
The Recap report states that
In China, a strong earthquake in Qinghai Province killed at least 2,220 people, injured more than 12,000 others and damaged or destroyed 25,000 structures, while heavy rainfall in Hunan Province and southern China led to several deaths and the destruction of thousands of homes. A fierce sandstorm in
Additionally, a magnitude-7.7 earthquake in Northern Sumatra, Indonesia injured at least 62 people and damaged more than 1,000 homes.
Meanwhile, in
While there was no loss of life or known damage from the event, a plume of ash emanating from the volcano resulted in the cancellation of 102,000 flights globally and extensive disruption for more than seven million travelers. With airplanes remaining grounded over a period of days, airlines’ lost revenue was estimated at EUR2bn (USD2.6bn), while insurance losses were relatively very minor – forecast at EUR7.4mn (USD10mn).
In South America, heavy rains inundated northeast
And in
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About Impact Forecasting® LLC
Impact Forecasting LLC is a catastrophe model development center of excellence within Aon Benfield whose seismologists, meteorologists, hydrologists, engineers, mathematicians, GIS experts, finance, risk management and insurance professionals analyze the financial implications of natural and man-made catastrophes around the world. Impact Forecasting’s experts develop software tools and models that help clients understand underlying risks from hurricanes, tornadoes, earthquakes, floods, wildfires and terrorist attacks on property, casualty and crop insurers and reinsurers. Impact Forecasting is the only catastrophe model development firm integrated into a reinsurance intermediary. Learn more at www.impactforecasting.com.
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Aon Benfield Aon Benfield
t: +44 (0)20 7522 4016 t: +44 (0)20 7522 8183
e: david.bogg@aonbenfield.com e: andrew.wragg@aonbenfield.com
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