Hurricane Otis to reach multibillion dollar loss for Mexican insurers: Gallagher Re
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Hurricane Otis to reach multibillion dollar loss for Mexican insurers: Gallagher Re

Kyoung-son Song
October 27, 2023
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Mexican insurers face a significant multibillion dollar loss from Hurricane Otis — potentially the costliest event on record for the regional market according to Gallagher Re. 

The economic losses from the event are expected to exceed $10bn. This includes direct damage and net-loss business interruption resulting from impacts to physical properties, infrastructure and agriculture.

“The

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Kyoung-son Song
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