Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
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
Secondary perils account for 92% of global insured losses in 2025: Swiss Re
19th March 2026
Although global insured losses in 2025, at $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including wildfires, severe convective storms (SCS) and floods, accounted for a record 92% of the total, according to a new report from Swiss Re Institute. Contributing $40 billion to the 2025 total, the ... Read the full article
Losses to global reinsurance market from Middle East conflict limited for now: AM Best
13th March 2026
AM Best has suggested that losses to the global reinsurance market from the ongoing conflict in the Middle East are limited so far, and would typically take the form of single large losses. AM Best's report noted that war risks are commonly excluded from policies but are offered as riders on ... Read the full article
PERILS places final industry loss estimate for Cyclone Alfred at AU $1.877bn
12th March 2026
Zurich-based catastrophe insurance data provider PERILS has disclosed its fourth and final industry loss estimate for Cyclone Alfred, noting the event has cost the insurance industry a total of AUD 1.877 billion. This final figure compares to the previous loss estimates of AUD 2.568 billion, AUD 2.250 billion and ... 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
US winter storms to hit Q1 profits with primary insurers expected to absorb losses: AM Best
26th February 2026
Losses from two major winter storms in the United States - Fern in January and Hernando in February - are expected to result in a significant decline in underwriting profits for the first quarter of 2026, but the impact will be less severe than the California wildfires of 2025, according ... 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
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
Storm Kristin could be among Portugal’s costliest insured loss events: Aon
16th February 2026
Between late January and early February, a series of Atlantic windstorms hit Southwestern Europe, with Storm Kristin as the most severe and potentially one of the costliest re/insurance loss events ever recorded in Portugal, according to Aon. Since 18th January 2026, eight consecutive lows have impacted Southwestern Europe, particularly Portugal and ... 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
KCC estimates insured loss from Winter Storm Fern at $6.7bn
3rd February 2026
Catastrophe risk modelling firm Karen Clark and Company (KCC) has estimated that the privately insured loss from Winter Storm Fern, which brought snow and ice to more than 30 states, will be $6.7 billion. The estimate, which is based on the high-resolution KCC US Winter Storm Model, includes the privately insured ... Read the full article
PERILS ups October Australia east coast SCS insured losses to AUD 1.512bn
2nd February 2026
Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS), which affected Queensland, New South Wales and Victoria between 26 October and 1 November 2025, placing the insurance market loss at AUD 1.512 billion. In line with its Australian ... Read the full article
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