• Global insured losses from natural catastrophes at USD 50 billion (H1 2022: 48), second highest since 2011 • US thunderstorms main driver of global insured losses from natural catastrophes, well above ten-year average • February earthquake in Turkey and Syria single costliest disaster both in terms of economic and insured losses Zurich, 9 August 2023 – A series of widespread thunderstorms (severe convective storms) hit the US and account for 68% of global insured natural catastrophe losses in the first half of 2023, highlighting the increasing loss impacts of secondary perils.