Insured losses from May Texas storms to exceed $1bn: Gallagher Re

Share!

Reinsurance News - May 23, 2024

Following the deadly thunderstorms that hit Houston, Texas on May 16th, economic and insured losses are each anticipated to exceed $1 billion, with the potential for total losses to be even higher, according to Gallagher Re. The storms, which killed at least seven people, are said to have generated...

Read Full Article

Recommended Articles

Moody’s Ratings maintains stable outlook on global P&C insurance for 2026

Posted: Jan 06, 2026

Moody’s Ratings has maintained its stable outlook on the global property and casualty (P&C...

Sompo names Haixia Zhao as President of APAC Reinsurance & CUO, Global Specialty

Posted: Jan 06, 2026

Sompo, a global provider of property, casualty, and specialty insurance and reinsurance, has appoint...

Gallagher integrates AssuredPartners aviation team into global aerospace practice

Posted: Jan 06, 2026

Global re/insurance broking group Gallagher has announced the integration of the AssuredPartners avi...