Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
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
Triple-I reports significant increase in US lightning-related insurance losses during 2025
19th June 2026
The Insurance Information Institute (Triple-I), a US insurance industry research and education organisation, has reported a substantial rise in lightning-related homeowners insurance losses across the United States in 2025, driven by both an increase in claim volumes and higher repair and reconstruction costs. According to analysis published by Triple-I, insurers paid ... 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
Severe weather outbreaks in US & Canada likely to cause losses reaching single-digit billions USD: Aon
12th June 2026
Total economic and insured losses related to the severe weather outbreaks that affected a large swath of the northern and central United States and southern Canada on June 5 - 11 will likely reach single-digit billions USD, according to Aon’s recent Weekly Cat Report. Between June 5 and June 8, a ... Read the full article
$100bn+ loss event required to materially alter reinsurance pricing: Jefferies
11th June 2026
Analysts at Jefferies have suggested a major loss event exceeding $100 billion would likely be required to materially alter reinsurance market conditions, following a 15–20% decline in property catastrophe pricing at the June renewals. According to a new report from the firm, early forecasts point to a below-average hurricane season this ... 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
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
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
PERILS lowers Australia east coast SCS loss estimate to AUD 1.502bn
1st May 2026
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed its third industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) of late October 2025, placing the loss at AUD 1.502 billion. The event impacted the states of Queensland, New South Wales and Victoria between 26th October and 1st ... 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
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
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
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