Nat cat losses hit $116bn: Gallagher Re
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Nat cat losses hit $116bn: Gallagher Re

Liz Bury, 
Martha Muir
03 February 2022
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Photo: Alamy

Nat cat losses last year reached $116bn – 63% above the 10-year average of $71bn – boosted by a series of extreme weather events in the US and the second-worst flooding on record in Europe.

Tropical cyclones were the most damaging type of event overall and accounted for 35% of the headline loss figure, with severe thunderstorms the second-most costly category at 25%.

North

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NewsClaims and lossesAJ Gallagher
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Liz Bury
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Martha Muir
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