Swiss Re today proclaimed 2005 "the costliest year ever for insurers" with estimated insured losses of $80 billion and 112,000 deaths worldwide.
The Zurich-based reinsurer, in a preliminary estimate of worldwide natural and man-made catastrophes this year, put total financial losses at around $225 billion, $80 billion of which were covered.
Natural and man-made catastrophes in 2005 accounted for $225 billion in direct financial losses to buildings, infrastructure and vehicles, Swiss Re said.
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