Reinsurance News
Catastrophe losses
Insured losses from Hurricane Melissa impacts in Jamaica and Cuba to hit $2.4bn: KCC
6th November 2025
The privately insured loss from Hurricane Melissa damages to residential, commercial, and industrial properties in Jamaica and Cuba is expected to hit $2.4 billion, based on Karen Clark & Company's (KCC) high-resolution Caribbean Hurricane Model. Catastrophe risk modeller KCC explained that despite this storm devastating parts of Jamaica and Cuba, the ... Read the full article
Cotality estimates total insured losses from Hurricane Melissa at $1.5bn
6th November 2025
Cotality has estimated that total insured losses from Hurricane Melissa, which recently devastated Jamaica, will be around $1.5 billion, within a range of $1 billion to $2.5 billion, while total property damage from wind, storm surge, and flooding is expected to range between $5 billion and $9 billion. It is important ... Read the full article
Verisk estimates Hurricane Melissa insured losses could reach $4.2bn
3rd November 2025
The Extreme Event Solutions group at Verisk has estimated that industry insured losses to onshore property in Jamaica from Hurricane Melissa will likely range from $2.2 billion to $4.2 billion. The global data analytics and technology firm provided a meteorological context for the event, noting that Melissa became a hurricane on ... Read the full article
AM Best expects most losses from Hurricane Melissa to fall on reinsurers
29th October 2025
According to AM Best, insured losses from Category 5 Hurricane Melissa in Jamaica are anticipated to remain modest, however, the bulk of these losses is expected to fall on reinsurers, reflecting the high reinsurance dependence of Caribbean-based carriers. Hurricane Melissa made landfall yesterday in Jamaica, becoming the first storm of Category ... Read the full article
Europe’s big four performed better than expected in the last soft cycle: J.P. Morgan
17th October 2025
As the reinsurance market softens from the highs of 2023, with further pressure on pricing expected at the upcoming January renewals, analysis by J.P. Morgan reveals that for Europe's big four reinsurers, results were better than expected in the last soft market. If the final quarter of the year is as ... Read the full article
Q3’25 insured losses lowest since 2006 as protection gap narrows: Aon
16th October 2025
According to Aon’s Q3 2025 global catastrophe report, insured losses totalled $12 billion for the quarter, 72% below the century average and the lowest since 2006, while year-to-date losses reached $114 billion, 37% above the century average, driven by 22 billion-dollar insured loss events. Aon said global economic losses reached $34 ... Read the full article
Global cat losses ease in 2025, yet annual volatility persists: Gallagher Re
15th October 2025
Global reinsurance broking and advisory firm Gallagher Re has suggested that, despite the "manageable nature" of catastrophe activity this year so far, the industry should continue to expect annual volatility in losses in the future. According to the firm's Q3 2025 Natural Catastrophe and Climate Report, global natural catastrophe activity remained ... Read the full article
Autonomous: European insurers gain from lower than expected cat losses in Q3
3rd October 2025
Autonomous, the research arm of AllianceBernstein known for its independent analysis of the financial sector, has extended its recent work on reinsurers to examine the impact of this year’s benign catastrophe environment on major European primary insurers. While the absence of large-scale events provides a more clear-cut advantage to reinsurers, Autonomous ... Read the full article
Europe’s big four reinsurers could see €2bn+ of surplus earnings from benign loss activity
1st October 2025
With loss activity in 2025 proving "exceptionally benign" since the LA wildfire losses in Q1, Autonomous has suggested the big four European reinsurers (Munich Re, Swiss Re, Hannover Re, and SCOR) could see a collective benefit of almost €2 billion in future results. "This year, we have seen the extremes of ... Read the full article
US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s
23rd September 2025
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses. According to Moody’s, a representative sample of 20 rated insurers posted net income of ... Read the full article
Allstate estimates $213m in catastrophe losses for August
18th September 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August. The losses included 10 events, with approximately 70% attributable to three wind and hail events. By comparison, Allstate estimated higher ... Read the full article
Re/insurance remains a stabilising force amid major global disruption: Swiss Re
8th September 2025
Re/insurance remains a stabilising force in the face of major global disruptions, absorbing shocks and supporting economic recovery, according to industry giant Swiss Re. As the global re/insurance industry meets for the 2025 Rendez-Vous de Septembre in Monte Carlo, Swiss Re believes rising natural catastrophe, geopolitical uncertainty, and adoption of Artificial ... Read the full article
Global reinsurers show resilience despite record cat losses in H1’25: Morningstar DBRS
26th August 2025
Global property and casualty reinsurers turned in solid results in the first half of 2025 despite facing record-breaking catastrophe losses, according to a new report from Morningstar DBRS, a credit rating agency and research provider. The firm noted that its group of selected top reinsurers generated an aggregated net income of ... Read the full article
Insured losses in 2025 could exceed $150bn following costly H1: Swiss Re
6th August 2025
The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm's projected full-year figure of $150 billion. According to the Swiss Re Institute, the Los Angeles County wildfires in January ... Read the full article
PERILS lifts industry loss estimate for windstorm Éowyn to €747m
28th July 2025
Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss for its third estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, to €747 million from €696 million in April. The third estimate compares to the previous loss estimates of €619 million in March, six weeks post the ... Read the full article
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