SCS drives global insured cat losses to $123bn: Gallagher Re
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SCS drives global insured cat losses to $123bn: Gallagher Re

Jai Singh
17 January 2024
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Global insured catastrophe losses reached $123bn over 2023, with total economic losses reaching $357bn, according to Gallagher Re.

In its recent nat-cat and climate report, the broker said 2023 was the fourth consecutive year global insured cat losses surpassed $100bn.

This

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