US (re)insurers face multi-billion-dollar payout from May severe storms: Aon
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US (re)insurers face multi-billion-dollar payout from May severe storms: Aon

Severe convective storm losses in the US in May are likely to cost (re)insurers in the billions of dollars, according to Aon’s reinsurance solutions unit.

The US storms caused hail, tornado, wind and flood damage, according to the broker’s May Global Catastrophe Recap.

The first to arrive hit the Mid-Atlantic, southeastern US, Plains and lower and middle Mississippi valley regions between 3 May and 5...

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