May's catastrophe bill to top $7bn: Aon Benfield

Insurers and reinsurers are expected to face a bill of at least
$7bn following a number of significant global catastrophes that
struck during May.
According to a report by reinsurance broker Aon Benfield the
Canadian wildfires that ripped through the city of Fort McMurray
were the most costly event last month with an estimated insured
loss in excess of $3.1bn (C$4.0bn).
The fires charred more than 580,000 hectares of land and
destroyed at least 10 percent of Fort McMurray, including...