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

US SCS losses reach $42bn, establishing a “new normal”: Moody’s

Posted: Nov 21, 2025

Insured losses related to US severe convective storms (SCS) reached $42 billion in the first nine mo...

European reinsurers seen moving toward greater earnings stability: J.P. Morgan

Posted: Nov 21, 2025

J.P. Morgan, a global investment bank, notes that the European reinsurance sector appears to be movi...

Gallagher Re appoints Parrus Kunvarji as Executive Director, Customised Solutions, APAC

Posted: Nov 21, 2025

Global reinsurance brokerage Gallagher Re has announced the appointment of Parrus Kunvarji as Execut...