Gallagher: Gallagher Re estimates $56bn in Q1 insured losses driven by LA wildfires

Reinsurance broker Gallagher Re has estimated that preliminary total insured losses for Q1'25 totalled at least $56 billion, marking the costliest first quarter for the private insurance market and government-sponsored insurance entities since 2011, and 176% higher than the Q1 decadal average of $20 billion (2015-2024). Gallagher Re noted that while the elevated early-year insured [...] The post Gallagher Re estimates $56bn in Q1 insured losses driven by LA wildfires appeared first on ReinsuranceNe.ws.