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Munich Re estimates global disaster losses in 2024
Climate change shows 'claws' with rising costs for disasters, Munich Re says
Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from 2023 and one of the costliest years on record, Munich Re said on Thursday. Th
Climate Disasters Drive Unusually High Losses In 2024: Munich Re
Climate change fuelled natural disasters that caused $320 billion in losses last year, German reinsurance giant Munich Re said Thursday, warning that "our planet's weather machine is shifting to a higher gear".
Munich Re estimates global disaster losses in 2024 at $320 billion
Natural disasters such as hurricanes and floods caused losses totalling $320 billion worldwide in 2024, according to a report from German reinsurance giant Munich Re published on Thursday. The losses are well above the average from recent decades and one of the most expensive years for natural disasters since 1980,
Insurance Insider
21h
Munich Re pegs insured nat cat loss bill at $140bn in 2024
Hurricane Milton produced the highest insured losses of the year, totalling $25bn. Munich Re noted that Hurricane Helene ...
19h
Climate change ‘showing its claws’ as disaster damage bill soars to $438b in 2024
Insured losses from such disasters – including deadly tropical cyclones, floods and earthquakes – totalled US$140 billion ...
15h
Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
Global insured losses climbed to $140 billion last year, led by damages from Hurricanes Milton and Helene, a report from ...
8h
Disaster zone: The insurance industry crisis and real estate
Mounting losses and the growing threat of climate change spell urgency in what was once known as real estate’s boring corner ...
insurancebusinessmag
1d
Christa Schwimmer named CEO of Munich Re specialty reinsurance
Munich Re has appointed Christa Schwimmer (pictured above) as chief executive for its specialty reinsurance and Lloyd's and ...
Insurance Insider
2d
Munich Re promotes Schwimmer to specialty re, Lloyd's and Bermuda CEO
Munich Re has appointed Christa Schwimmer as CEO for Munich Re's specialty reinsurance and Lloyd's and Bermuda business.
Bisnow
2d
German Firm Acquires Fenway Multifamily Property For $145M
Samuels has been a major contributor to the redevelopment of Boylston Street and Brookline Avenue around Fenway Park. The ...
7h
Deadly LA wildfires to cost over $50 billion in damages, becoming one of the worst natural disasters in U.S. history
The damage is expected to far exceed the $16 billion in economic losses from Maui's wildfires two years ago. Weather now ...
16h
Catastrophic Weather Drives Insured Losses to Highest Since 2017
Insured losses from natural catastrophes soared to $140 billion last year, the highest since 2017 and well over double the 30 ...
Artemis
3d
Munich Re secures Eden Re II reinsurance sidecar at $150m again for 2025
Having begun its Eden Re II Ltd. collateralized reinsurance sidecar placements with the largest Class A tranche of notes ...
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