Global insured losses for the first half of this year have reached $84 billion, according to a recent Gallagher Re report — the highest first half total since 2011. The global reinsurance broker said 2025 is on a clear path to surpassing $100 billion in insurance losses for the full year, calling the threshold “a new market reality.” Insurers have to deal with a variety of weather-related concerns. A worker helps board up windows at Joey and Brenda Bermudez’s home that was damage by a recent tornado at the Elkhorn Ranch neighborhood in Elbert County on May 19, 2025. RJ Sangosti | MediaNews Group | Denver Post | Getty Images
Global insured losses for the first half of this year have reached $84 billion, according to a recent Gallagher Re report — the highest first half