Insured losses from China’s Henan floods could exceed $1.25bn, says Fitch

The recent severe flooding in China’s Henan province is expected to suppress underwriting margins for the China non-life insurance and reinsurance industry in 2021, with total industry losses expected to exceed US $1.25 billion, according to Fitch Ratings. At this level of insurance and reinsurance industry loss, it would account for more than 0.7% of […]