Munich Re estimates global disaster losses in 2024

Munich Re estimates global disaster losses in 2024 at $320 billion
Natural disasters such as hurricanes and floods caused losses totalling $320 billion worldwide in 2024, according to a report from German reinsurance giant Munich Re published on Thursday. The losses are well above the average from recent decades and one of the most expensive years for natural disasters since 1980,
Munich Re estimates 2024 insured catastrophe losses at $140bn
Munich Re said this morning that it estimates the insurance and reinsurance industry's financial toll from natural catastrophe events in 2024 at US $140
Global climate disasters hit record $320bn – Munich Re
Global insurers face staggering $140 billion payout in 2024, marking the third costliest year for natural disaster claims
Natural Disasters: The Billion-Dollar Bill for Munich Re
The impacts of climate change and the associated rising risks and damages from natural disasters were already one of the major topics at the insurance industry meeting in Monaco in early September. Now,
Climate Disasters Drive Unusually High Losses In 2024: Munich Re
Climate change fuelled natural disasters that caused $320 billion in losses last year, German reinsurance giant Munich Re said Thursday, warning that "our planet's weather machine is shifting to a higher gear".
Natural disasters in 2024: 320 billion dollars in damage, 11,000 fatalities
The natural disasters that occurred in 2024 caused total damage worth 320 billion dollars, German reinsurer Munich Re calculated. Hurricanes in the United States, storms in the US and central Europe,
Climate change shows 'claws' with rising costs for disasters, Munich Re says
Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from ...
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Munich Re taps new CEO for Beijing operations
He will succeed Steven Chang who will retire in March. Munich Re reeled in Adrian Goh as Chief Executive Officer of its ...
Hurricane Milton caused largest insured losses from any natural disaster in 2024, analysis concludes
Hurricane Milton, which hit Florida in October, caused about $25 billion in insured losses, the largest amount of insured ...
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Munich Re pegs insured nat cat loss bill at $140bn in 2024
Hurricane Milton produced the highest insured losses of the year, totalling $25bn. Munich Re noted that Hurricane Helene ...
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Munich Re starts Eden Re II 2025 sidecar with $64.5m Class A notes, largest since 2019
Munich Re has been back in the capital markets to secure quota share based retrocession and to start the 2025 sidecar arrangement for the reinsurer, its ...
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Hurricane Milton Tops 2024’s Insured Loss Chart, Despite Helene’s Higher Damage
Despite being a less powerful storm than Hurricane Helene, Hurricane Milton caused the most significant insured losses of any ...
Milton caused the largest insured losses in 2024
Hurricane Milton, which hit Florida in October 2024, caused about $25 billion in insured losses, the largest amount of ...
Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
Global insured losses climbed to $140 billion last year, led by damages from Hurricanes Milton and Helene, a report from ...
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Losses from natural disasters in Asia-Pacific, Africa soar to US$91 billion in 2024: Munich Re
THE Asia-Pacific and African region experienced total losses of US$91 billion from natural disasters in 2024, much higher ...