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

Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics

Posted: Jan 02, 2026

Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announc...

ASR renews Baobab Consortium with increased capacity of up to $26m per risk

Posted: Jan 02, 2026

Africa Specialty Risks (ASR), a re/insurance group specialising in Africa and the Middle East, has a...

Skyward Specialty completes acquisition of Apollo for $555m

Posted: Jan 02, 2026

Skyward Specialty Insurance Group, Inc., a property and casualty (P&C) specialist insurer, has c...