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Nat cat insured losses at least $20B in Q1: Gallagher Re

1 week 2 days ago
Insured losses from natural catastrophes totaled at least $20 billion in first-quarter 2024, a third lower than the $33 billion in insured losses in first-quarter 2023 but a shade higher than the 10-year average of $18 billion, according to a report Wednesday from Gallagher Re, the reinsurance business of brokerage Arthur J. Gallagher & Co.