Q1’25 insured losses hit $56bn, driven by LA wildfires: Gallagher Re – Go Health Pro
Reinsurance broker Gallagher Re has estimated that preliminary total insured catastrophe losses for the first quarter of 2025 reached $56 billion, which makes it the costliest first quarter for the private insurance market and government-sponsored insurance entities since 2011, and 176% higher than the Q1 decadal average of $20 billion (2015–2024).In its Q1 2025 Natural … Read more