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

April 1 renewal saw Japan property cat rates return to early 2020s levels, says Howden Re

Posted: Mar 31, 2026

Risk-adjusted property-catastrophe rates-on-line in Japan reverted back to levels last seen in the e...

Ted Moynihan named President, CEO of Marsh Management Consulting and Oliver Wyman

Posted: Mar 31, 2026

Marsh, a global firm focused on risk, reinsurance, capital, talent, investments, and management cons...

Optio strengthens marine capabilities with Gardian Marine acquisition

Posted: Mar 31, 2026

Optio Group, the independent specialty MGA, has reached an agreement to acquire Gardian Marine Limit...