In 2016, Hurricane Matthew tragically claimed four lives in South Carolina and was the state’s deadliest hurricane in more than a decade. Loss estimates from that storm total $2.3 billion with international-based reinsurers expected to cover nearly half.
In the aftermath of the 2001 terrorist attacks on New York, international insurance and reinsurance firms paid 64 percent of the estimated $17 billion in US payouts for the claims.
International insurers and reinsurers paid 48 percent of Hurricane Sandy losses in 2012 – close to $20 billion.
An estimated 85 percent of privately insured crop losses resulting from the 2012 drought (approximately $1.2 billion) were paid by international reinsurers.