Reinsurance News
Catastrophe losses
Flooding and SCS drive Q1’26 losses as global protection gap narrows: Aon
17th April 2026
Aon's latest Global Catastrophe Recap has revealed that flooding and severe convective storms (SCS) caused the highest economic losses during Q1 2026, with SCS highlighted as the most damaging peril for insurers. The report, which analysed global natural catastrophe activity during the first quarter of the year, found that insured losses ... Read the full article
Allstate estimates $1.24bn Q1’26 cat losses with March contributing $925m
17th April 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has announced its estimated catastrophe losses for the first quarter of 2026, totalling $1.24 billion, or $980 million, after-tax. While the figure represents a significant impact from severe weather events, it marks a significant improvement over Read the full article
PERILS raises industry loss estimate for Victoria Bushfires to AU$810m
13th April 2026
PERILS, the Zurich-based catastrophe insurance data provider, has lifted its second insurance industry loss estimate for the Victoria Bushfires, which took place from January 7th to 13th, 2026, to AU$810 million. These fires destroyed 900 buildings, including 330 homes, and impacted infrastructure, with over 20,000 livestock lost, and tragically, resulted in ... Read the full article
Reinsurers better prepared for a softening market than ever before: JP Morgan
10th April 2026
A new report from JP Morgan has suggested reinsurers are better prepared than ever for a softening market, though price declines are expected to catch up with the sector eventually, particularly as Q1 2026 is likely to deliver far lower-than-normal catastrophe losses. JP Morgan anticipates total insured losses from natural catastrophes ... Read the full article
PERILS lifts insurance market loss for windstorm Goretti to €479m
9th April 2026
Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for extratropical windstorm “Goretti”, also known as “Elli”, placing the insurance market loss at €479 million. The loss estimate, which covers the property and motor lines of business and is based on loss data collected from affected insurers, ... Read the full article
CatIQ lowers final Ontario & Quebec ice storm loss estimate to CAD 466m
2nd April 2026
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth and final industry loss estimate for the ice storm that affected Ontario and Quebec between 28th and 31st March 2025, decreasing losses to CAD 466 million. The event involved a prolonged period of wintry precipitation ... Read the full article
Howden Re to provide comprehensive volcanic risk modelling for Spain with Mitiga extended partnership
31st March 2026
Global reinsurance broker Howden Re has extended its ongoing collaboration with Mitiga Solutions to enhance Spain’s national approach to assessing volcanic risk. The partnership applies Mitiga’s proprietary volcanic catastrophe models to the Canary Islands, providing a more sophisticated understanding of potential geological threats. The initiative is being developed within Howden Re and ... Read the full article
Total losses from March Kona Storms in Hawaii said to be at least $1bn: Aon
27th March 2026
According to global insurance and reinsurance broking group Aon’s weekly catastrophe report, back-to-back Kona Storms on March 10-24, which produced extreme rainfall and subsequent flooding across much of Hawaii, will result in total economic and insured losses of at least one billion US dollars, citing Hawaii government officials. Aon's report explains ... Read the full article
US SCS losses accelerate as second $1bn event emerges in same week: Gallagher Re
20th March 2026
A new Gallagher Re report has indicated that the March 15–16 severe convective storm (SCS) outbreak is on track to become the second U.S. SCS event of the year to generate more than $1 billion in industry losses, occurring within the span of a single week, following the hail and ... Read the full article
Insured losses from March 10-12 US SCS outbreak to land in the billions of dollars: Gallagher Re
13th March 2026
Initial estimates suggest that insured losses from the March 10-12 US severe convective storm (SCS) outbreak will land in the low to mid-single-digit billions of dollars, with total economic losses poised to be 20-25% higher, according to reinsurance broker Gallagher Re. The March 10-12 SCS outbreak hit more than a dozen ... Read the full article
AM Best reports decline in US P&C insurer impairments in 2024
11th March 2026
Only one US property and casualty (P&C) insurer was recorded as impaired in 2024, a notable reduction from the 13 impairments reported a year earlier, according to credit rating agency AM Best. AM Best outlines the findings in its report, 2024 US P&C Impairments Update. According to AM Best, the sole ... Read the full article
PERILS ups industry loss estimate for Queensland & New South Wales storms to AUD 2.95bn
27th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has increased its insurance industry loss estimate for the Queensland and New South Wales Severe Convective Storms (SCS) that occurred 21 to 27 November 2025, to AUD 2.95 billion. This second estimate compares to the initial loss estimate of AUD 2.663 billion issued ... Read the full article
PERILS places first industry loss estimate from Victoria Bushfires at AU$786m
26th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has provided its first insurance industry loss estimate for the Victoria Bushfires, which took place from 7 to 13 January 2026 at AU$786 million. The PERILS estimate of the insurance market loss for the event is based on loss data collected from the affected ... Read the full article
IGI reports 7.7% rise in net income for Q4’25
25th February 2026
International General Insurance Holdings Ltd. (IGI), a specialist commercial insurer and reinsurer, has generated a net income of $32.3 million, an increase of 7.7% for the fourth quarter of 2025, compared to $30 million in Q4’24, driven by continued positive underwriting results and investment income. Net income for the full year ... Read the full article
PERILS places first industry loss from Windstorm Goretti at €467m
20th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has provided its first insurance industry loss estimate for extratropical windstorm Goretti, which affected southwestern England, northern France, and Belgium from 8 to 9 January 2026 at €467 million. The PERILS estimate of the insurance market loss from Windstorm Goretti, which is also known ... Read the full article
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