{"id":6849,"date":"2025-07-14T15:05:00","date_gmt":"2025-07-14T15:05:00","guid":{"rendered":"http:\/\/calebdewey.com\/?p=6849"},"modified":"2025-07-14T16:29:52","modified_gmt":"2025-07-14T16:29:52","slug":"global-insured-cat-losses-could-reach-90bn-in-h125-second-highest-on-record-jefferies","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/07\/14\/global-insured-cat-losses-could-reach-90bn-in-h125-second-highest-on-record-jefferies\/","title":{"rendered":"Global insured cat losses could reach $90bn in H1\u201925, second-highest on record: Jefferies"},"content":{"rendered":"

Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record.<\/p>\n

\"\"This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and the five-year average of $55 billion. The elevated losses were driven primarily by widespread wildfire activity in California during Q1 2025, as well as a high frequency of severe convective storms (SCS) across the US, particularly during the typically active Q2.<\/p>\n

“We estimate Q2’25 global insured catastrophe losses to be in line with the 5-year average of $30 billion, with ~85% of losses coming from the US,\u201d Jefferies said.<\/p>\n

Wind, tornado, and hail event counts were slightly higher year-over-year and approximately 20% above the five-year average.<\/p>\n

Among the most costly events of the quarter was the mid-May SCS outbreak across the Ohio River Valley, with estimated insured losses of $5 billion.<\/p>\n

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Jefferies said it expects lighter nat cat losses for reinsurers in Q2’25, with primary carriers bearing the brunt of the impact due to the nature of the events.<\/p>\n

Meanwhile, international natural catastrophe losses remained in line with the five-year average of around $3 billion.<\/p>\n

Notable weather-related events included severe convective storms in early May that affected Spain, France, and Southeast Europe, with estimated losses potentially reaching into the hundreds of millions.<\/p>\n

Separate storm systems in early June hit Western and Central Europe, also expected to result in hundreds of millions in insured losses. Mid-June storms brought further damage to Western France and Northern Italy, with similarly high projected losses.<\/p>\n

In late June, Hurricane Erick made landfall on Mexico\u2019s Pacific coast, though insured losses are anticipated to be significantly lower than those from 2023\u2019s Hurricane Otis, which caused approximately $2 billion in insured damages. Additionally, the collapse of the Blatten glacier in Switzerland on May 28 is projected to result in around $390 million in incurred losses.<\/p>\n

The post Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and the five-year average of $55 billion. The elevated losses were driven primarily by widespread wildfire activity […]<\/p>\n","protected":false},"author":1,"featured_media":6851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6849"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=6849"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6849\/revisions"}],"predecessor-version":[{"id":6853,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6849\/revisions\/6853"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/6851"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=6849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=6849"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=6849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}