Daily Digest: Swiss Re pegs 2025 catastrophe losses, EU approves AIG’s Everest renewals, Trump AI order condemned

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Global natural catastrophe losses reach $107bn in 2025: Swiss Re Global insured losses from natural catastrophes are expected to reach $107bn in 2025, marking the sixth consecutive year in which losses have exceeded $100bn, according to Swiss Re. While the total is lower than the $141bn recorded in 2024, it remains high as a result of the Los Angeles wildfires and widespread severe convective storm (SCS) activity in the US, the reinsurance giant said in a new report. Overall US losses reached $89bn, accounting for 83% of the worldwide total.