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Munich Re puts H1 insured cat losses at $43bn, well below broker estimates

July 27, 2023

Global reinsurance giant Munich Re has issued a preliminary estimate of $43 billion for first-half 2023 natural disaster insured losses around the globe, a figure that is well below the estimates issued by leading reinsurance brokers.

Broker estimates of industry catastrophe losses are often the highest figures, but typically it is by a relatively small margin.

This is because the broking groups often capture a range of smaller events in their catastrophe loss reports, than the major reinsurance firms.

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