Cat losses of $125bn in 2022 fourth-highest on record: Swiss Re

22 March 2023

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Insurance losses from natural catastrophes hit $125bn in 2022, covering around 45% of $275bn in economic losses, according to Swiss Re’s Sigma report.

The reinsurer said the insured losses were the fourth-highest on record and had helped to contribute to catastrophe reinsurance rates rising to 20-year highs at the 1 January renewals.

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Cat losses of $125bn in 2022 fourth-highest on record: Swiss Re

Insurance losses from natural catastrophes hit $125bn in 2022, covering around 45% of $275bn in economic losses, according to Swiss Re’s Sigma report.

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Cat losses of $125bn in 2022 fourth-highest on record: Swiss Re

Insurance losses from natural catastrophes hit $125bn in 2022, covering around 45% of $275bn in economic losses, according to Swiss Re’s Sigma report.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM