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

QBE Re appoints Lian Phua as Head of Credit Reinsurance

Posted: Jan 29, 2026

QBE Re, the reinsurance arm of global insurance group QBE, has announced the appointment of Lian Phu...

MS Amlin eyes further growth in the Middle East via reinsurance partnership with Mitsui Sumitomo

Posted: Jan 29, 2026

After commencing underwriting political risk in the Middle East in 2025, MS Amlin, the Lloyd’s...

Senegal’s second-largest city secures parametric contract structured by AXA Climate

Posted: Jan 29, 2026

Pikine, Senegal’s second-largest city with more than 750,000 inhabitants, has signed a parametric in...