Reinsurance News
Catastrophe losses
Suncorp lifts main cat reinsurance cover for FY27
3rd July 2026
Australian insurer Suncorp has completed its core 2027 reinsurance renewal, securing catastrophe cover for losses between $500 million and $6.4 billion, alongside its previously announced 5-year aggregate reinsurance arrangement, which provides $800 million of protection annually, and up to $2.4 billion in total over the period. Despite continued catastrophe reinsurance ... Read the full article
Venezuela quakes to generate more than $10bn in economic losses, insured impact remains uncertain: Verisk
2nd July 2026
Economic losses from the June 24, 2026, earthquakes in Venezuela are likely to exceed $10 billion, according to Verisk's Catastrophe and Risk Solutions group, which said the insured share of industry losses is unusually difficult to estimate because of the country's macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related ... Read the full article
Primary insurers to bear the brunt of Q2’26 loss events: Goldman Sachs
1st July 2026
New analysis from Goldman Sachs on Q2 2026 catastrophe events, drawing on data from insurance brokers and catastrophe modelling firms, estimates global insured catastrophe losses at approximately $24 billion, with primary insurers expected to absorb the majority of the impact. According to the firm, the $24 billion Q2 2026 estimate represents ... Read the full article
Economic and insured losses from June US SCS outbreak likely to reach low single-digit billions: Aon
29th June 2026
Preliminary estimates indicate that combined economic and insured losses from severe convective storm (SCS) outbreaks in the United States between June 18-25, 2026, will likely land in the low single-digit billions USD, according to broking group Aon’s Weekly Cat Report. The severe weather affected portions of the Gulf Coast, central United ... Read the full article
Insured losses from Venezuela quakes likely to be a ‘fraction’ of total multi-billion economic loss: Aon
26th June 2026
Insurance industry losses related to the two major earthquakes that hit Venezuela this week are anticipated to represent only a small portion of the billions of dollars in economic losses expected from this catastrophe, according to broking group Aon’s recent Weekly Cat Report. Northwestern Venezuela, specifically the area west of Caracas, ... Read the full article
Mid-single-digit billion US storm losses put June outbreak among industry’s costliest periods in 2026: Gallagher Re
19th June 2026
Gallagher Re has suggested that nearly daily outbreaks of severe convective storm (SCS) activity in the first two weeks of June, which affected several major metro areas from the Rockies to the Northeast in the United States, will have an estimated aggregated cost to the insurance industry in the mid-single-digit ... Read the full article
Allstate sees May cat losses ease to $289m after active April
18th June 2026
The Allstate Corporation has estimated catastrophe losses of $289 million pre-tax ($228 million after-tax) for May 2026, bringing its combined catastrophe losses for April and May to $1.16 billion pre-tax ($915 million after-tax). The May 2026 catastrophe losses represent a significant slowdown from April, which came in at $870 million ... Read the full article
Allstate estimates $870m in cat losses for April
21st May 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses for the month of April 2026 of $870 million or $687 million, after-tax. These losses include 10 wind and hail events, with approximately 70% of the losses related to two events. Comparably, for Read the full article
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
18th May 2026
The US property and casualty (P&C) insurance industry is projected to see underlying growth fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe exposure, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information ... Read the full article
PERILS lifts insured loss estimate for extratropical windstorm Nils to €767m
14th May 2026
PERILS, a Zurich-based catastrophe insurance data provider, has disclosed an increased second industry loss estimate for extratropical windstorm “Nils”, also known as “Ulrike”, to €767 million. This is a 31% increase from the initial loss estimate of €586 million, issued by PERILS on March 27th, 2026, six weeks after the ... Read the full article
Price softening to persist into 2027 without significant industry cat loss: JP Morgan
12th May 2026
Unless there is a significantly large industry catastrophe loss, reinsurance pricing will continue to soften into 2027, JP Morgan analysts highlight in a most recent Love Actuary report. The acceleration of reinsurance price softening is evident in 2026, a trend unlikely to stop as mid-year renewals near, driven by robust surplus ... Read the full article
Insurers seen as broadly resilient under severe climate disaster stress tests: S&P
6th May 2026
S&P Global Ratings, a global credit rating agency that assesses the creditworthiness of organisations and financial instruments, has said the insurance sector continues to face rising losses from extreme weather, while still showing strong overall financial resilience under severe stress scenarios. In a report published on 4 May 2026 entitled Charts ... Read the full article
US cat risk reshaped as wildfire and storms define 2025 loss profile: Swiss Re
1st May 2026
With Swiss Re Institute analysis highlighting that ~99.9% of insured natural catastrophe losses in North America in 2025 were driven by secondary perils such as wildfires and severe convective storms (SCS), Monica Ningen, CEO of Property & Casualty Reinsurance US at Swiss Re, has said the year is “another clear ... Read the full article
Insured losses from extreme weather jump 727% to AUD 4.8bn in 2025: ICA
21st April 2026
The latest analysis by the Insurance Council of Australia (ICA) has disclosed that extreme weather increased insured losses by 727% in 2025 to AUD 4.8 billion as claim numbers climbed to 294,000, of which over AUD 4.1 billion came from Queensland alone. The ICA’s last extreme weather media release noted 2025 ... Read the full article
Gallagher Re sets $115bn–$125bn loss threshold for meaningful pricing shift
21st April 2026
A new Gallagher Re report has suggested that a single event, or a series of large events, resulting in an insured loss of $115 billion to $125 billion above expected average annual catastrophe losses, would be required to meaningfully impact the trajectory of pricing in the property re/insurance industry. The finding ... Read the full article
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