UK flood losses near $1.5bn

Losses from the UK flooding events in Q4 are approaching $1.5bn,
as the end-of-year reporting season comes to an end.
Loss estimates from Hannover Re, Aviva and UK motor insurer
Esure have brought the total disclosed figure to $1.47bn,
surpassing the $1.3bn forecast by Aon Benfield in January.
XL Catlin and Aspen did not provide a breakdown for the UK
floods, although even when the total Q4 loss figures for the two
firms are stripped out, disclosed losses are still...