Daily Digest: WTW warns on natural catastrophe losses, Marsh Japan buys Mitsubishi Electric, SMABTP and MACSF acquire Arundo Re

Catch up on the essential news and analysis from the Insurance Day experts

Natural catastrophe losses set to top $100bn again in 2025, WTW warns Global insured losses from natural catastrophes are on track to exceed $100bn for the seventh consecutive year, WTW has warned. In its latest Natural Catastrophe Review, the broker highlighted 2025 is already shaping up to be another costly year for the insurance industry, following a string of extreme weather events around the world. These primarily include the Los Angeles wildfires, which alone have driven more than $40bn in insured losses this year, equivalent to nearly one-third of total global insured losses for 2024.