2023 nat-cat losses to surpass $100bn for sixth consecutive year: Gallagher Re
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2023 nat-cat losses to surpass $100bn for sixth consecutive year: Gallagher Re

Samuel Casey
18 October 2023
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Insured losses from natural catastrophes are on track to surpass $100bn in 2023, the sixth consecutive year that the threshold will be passed, according to Gallagher Re’s latest report.

The broker said $100bn+ loss years are becoming the “new normal”, with severe convective storms being the costliest loss events.

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Samuel Casey
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