2025 insured cat losses total $129bn, with US accounting for 78%, says Gallagher Re
Reinsurance brokerage and advisory firm Gallagher Re has released its 2025 full-year natural catastrophe and climate report, which reports that global natural catastrophe losses in 2025 are largely controllable for the reinsurance industry, with total insured losses estimated at $129 billion for the year, about 5% lower than the average recorded between 2015 and 2024….