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
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: 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,
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 ...
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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Christa Schwimmer named CEO of Munich Re specialty reinsurance
Munich Re has appointed Christa Schwimmer (pictured above) as chief executive for its specialty reinsurance and Lloyd's and ...
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 ...
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Munich Re promotes Schwimmer to specialty re, Lloyd's and Bermuda CEO
Munich Re has appointed Christa Schwimmer as CEO for Munich Re's specialty reinsurance and Lloyd's and Bermuda business.
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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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 ...