2024 will be the fifth consecutive year in which global insured catastrophe losses have topped $100 billion. (Photo: Brigida Sanchez/U.S. Army Corps of Engineers, Jacksonville District)
Billions of dollars in losses following Hurricanes Helene and Milton will give property catastrophe reinsurance pricing a boost heading into 2025.
According to Moody's Ratings, global insured catastrophe losses are expected to exceed $100 billion in 2024, following back-to-back hurricanes in Florida this fall. A significant portion of those losses will likely be ceded to the reinsurance sector.
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