Insurance — Global Natural Catastrophe Losses Hit $107B as Secondary Perils Drive 92% of Claims; Middle East Tensions Reshape Marine Insurance

Insurance · 2026-03-24

Today's developments reveal a dramatic shift in the risk landscape facing insurers, with secondary perils now dominating loss patterns while geopolitical tensions create new maritime exposures. Swiss Re's report of secondary perils driving 92% of 2025's $107B natural catastrophe losses, combined with ongoing severe weather events from Hawaii to Nebraska, signals a fundamental transformation in…