Reinsurance News
Catastrophe losses
Allstate estimates $175m January 2026 winter storm losses
19th February 2026
The Allstate Corporation, a US-based insurance and financial services provider, has announced preliminary catastrophe losses of approximately $175 million for January 2026, equivalent to $138 million after tax, primarily attributed to Winter Storm Fern. This compares with substantially higher catastrophe losses in January 2025, when the company reported $1.08 billion, or ... Read the full article
Storm Nils insured losses could exceed €3bn: Morningstar DBRS
19th February 2026
Following the widespread destruction caused by Storm Nils across southwestern France, Morningstar DBRS has estimated that total insured losses could surpass €3 billion. In a new report, the firm said that in recent days, Storm Nils has unleashed heavy rainfall, powerful winds, and severe flooding, resulting in at least two fatalities ... Read the full article
Reduced cat losses drive $35.3bn US underwriting gain in 9M’25: Verisk & APCIA
6th February 2026
Reduced extreme weather losses and continued premium growth contributed to an estimated net underwriting gain of $35.3 billion for the US insurance industry through the first nine months of 2025, according to Verisk and the American Property Casualty Insurance Association (APCIA). The results are based on annual statements filed with insurance ... Read the full article
Primary insurers to absorb up to $7bn Winter Storm Fern industry loss: Fitch
6th February 2026
Credit ratings agency, Fitch Ratings, expects Winter Storm Fern to incur insured losses of between $4 billion and $7 billion, with primary insurers poised to absorb the event as while damaging, Fitch notes that it was not large enough to reinsurance attachment points. Fern caused subfreezing temperatures, heavy snow, and freezing ... Read the full article
Industry losses from Winter Storm Fern could reach $4bn: Verisk
4th February 2026
Verisk, a global data analytics and technology provider to the insurance industry, has estimated insured industry losses to property and auto from Winter Storm Fern to reach $4 billion, largely driven by freeze impacts, with supplemental losses from wind and snow. The early results from Verisk’s updated U.S. Winter Storm Model ... Read the full article
Insured losses from Victorian Bushfires cross AU$200m from 3,123 claims: ICA
28th January 2026
After the recent escalation from a significant event declaration to an Insurance Catastrophe, the Insurance Council of Australia (ICA) has confirmed that insured losses from the devastating Victorian bushfires have crossed AU$200 million across 3,123 claims. This claims count includes property, motor, commercial, and business interruption claims, with 30% of ... Read the full article
Extreme weather in Australia costs insurers $3.5bn in 2025: ICA
23rd January 2026
According to new data from the Insurance Council of Australia (ICA), extreme weather events have resulted in almost $3.5 billion in insured losses from 264,000 claims in 2025. Of these losses, the costliest was Ex-Tropical Cyclone Alfred, which accounted for 132,000 claims and more than $1.5 billion in insured losses. Severe hailstorms ... Read the full article
Insured losses from catastrophic events across Canada total $2.4bn in 2025: CatIQ
21st January 2026
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has announced that insured losses from catastrophic events experienced across Canada totalled CAD 2.4 billion in 2025. According to the Institute for Catastrophe Loss Reduction (ICLR), uninsured losses amounted to a further $1.0 billion, bringing total societal losses for ... Read the full article
Global insured nat cat losses fall YoY but again exceed $100bn in 2025: Munich Re
13th January 2026
Although $244 billion in total global losses for natural disasters in 2025 is lower than the 10-year average, insured losses once again exceeded $100 billion at $108 billion, according to Munich Re, one of the world's leading reinsurance companies. 2025 joins the growing list of years with insured losses exceeding the ... Read the full article
Suncorp’s H1’26 natural hazard costs exceed budget at AUD 1.319bn
12th January 2026
Australian insurer Suncorp has disclosed that its total cost of natural hazard events for the first half of 2026 (H1’26) is expected to be AU$1.319 billion, far above the budget of AU$866 million, eroding most of its full-year 2026 (FY’26) allowance of AU$1.77 billion, meaning the carrier will make reinsurance ... Read the full article
Willis Re expects further easing of conditions, greater competition & continued new supply in 2026
31st December 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a softening in reinsurance pricing over 2025, with ... Read the full article
2025 marks fifth year in a row of $100bn+ cat claims, less damaging for reinsurers: J.P. Morgan
8th December 2025
2025 will mark the fifth consecutive year in which global catastrophe claims have exceeded $100 billion, but this has been less damaging for reinsurers due to a shift in who is responsible for paying claims, with reinsurers remaining in line with or below their catastrophe loss budgets in recent years, ... Read the full article
Hong Kong fire to add pressure to P&C sector’s earnings: S&P
4th December 2025
A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry. Hong Kong’s P&C sector is expected to see its net combined ratio rise ... Read the full article
Reinsurers expected to shoulder most of $200m loss from Hong Kong fire: AM Best
2nd December 2025
According to ratings agency AM Best, a material portion of the gross incurred loss, which may exceed $200 million from the deadly Hong Kong apartment (Wang Fuk Court) fire, is expected to be transferred to reinsurers. Primary insurers operating in the region typically rely on a mix of reinsurance arrangements, including ... Read the full article
Moody’s RMS expects Hurricane Melissa’s private market insured losses between $3-5bn
7th November 2025
Catastrophe risk modeller Moody's RMS Event Response has estimated private market insured losses driven primarily by wind impacts in Jamaica, with minimal contributions from other impacted Caribbean islands, including the Bahamas, Haiti, and the Turks and Caicos Islands, from Hurricane Melissa to range between $3-5 billion. Moody's best estimate of insured ... Read the full article
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