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Insured catastrophe losses $93bn to end of September: Gallagher Re

October 18, 2023

Natural catastrophe losses covered by public and private insurance or reinsurance have already reached US $93 billion by the end of September, putting 2023 on-track to be another year with over US $100 billion of insured catastrophe losses, Gallagher Re has said.

The reinsurance broker cites “record-setting weather/climate events and extreme temperatures,” which it says have elevated natural catastrophe losses around the globe.

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