Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
PERILS places final industry loss from Australia East Coast SCS at AU$1.6bn
2nd November 2026
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed its fourth and final industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) of late October 2025, placing the loss at AUD 1.620 billion. The estimate is based on loss data collected from the majority of the Australian insurance ... Read the full article
European Windstorms Austen and Boelo to cause hundreds of millions in insured losses, says Aon
2nd November 2026
Aon, a global professional services firm providing risk, retirement and health solutions, has reported that two successive windstorms, Austen and Boelo, which brought damaging winds and heavy rainfall to parts of Western Europe between 22 and 25 October 2026, will likely lead to economic and insured losses in the hundreds ... Read the full article
Global insured nat cat losses reach $91bn in first 9M’26: Aon
29th October 2026
Aon’s latest Global Catastrophe Recap shows that global insured losses from natural disasters reached $91 billion in the first nine months of 2026, the lowest for the period since 2019. The figure remained well below the five-year average of $135 billion, but was slightly above the 21st-century average of $88 billion. Global ... Read the full article
HCI’s reinsurance tower and token affected after claims from Hurricane Isaias hit
21st October 2026
HCI Group, Inc., a Tampa-based insurance holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has confirmed that only one of its three reinsurance towers has been impacted after receiving claims from Hurricane Isaias. To recap, Hurricane Isaias made landfall near Destin, Florida, as a Category ... Read the full article
PERILS lifts insured loss estimate for SCS Cerry to €2.8bn
21st October 2026
PERILS, the independent Zurich-based provider of catastrophe insurance market data, has released its second industry loss estimate for the severe convective storms (SCS) that affected Germany, France, Switzerland and Italy from 13 to 19 July 2026, placing losses at EUR 2,806 million. From 13 to 19 July 2026, a wave of ... Read the full article
PERILS estimates initial insured losses of €3.296bn from SCS Raphaela
19th October 2026
PERILS, the independent Zurich-based provider of catastrophe insurance market data, has released its initial industry loss estimate for the severe convective storms (SCS) that affected France, Germany, Switzerland and Italy from 26 to 28 August 2026, placing losses at EUR 3,296 million. The storms are also known as “SCS Raphaela”. From ... Read the full article
Moody’s RMS says Hurricane Isaias insured losses could hit $4.5bn
16th October 2026
Catastrophe risk modeller Moody’s RMS Event Response has estimated total US private market insured losses from Hurricane Isaias to range from $2.5 billion to $4.5 billion, with a best estimate of $3.5 billion. Hurricane Isaias marks the ninth named storm and the first hurricane of the 2026 North Atlantic hurricane season. On ... Read the full article
KCC estimates insured losses from Hurricane Isaias at $3bn
15th October 2026
Karen Clark & Company (KCC) has estimated that the privately insured loss from Hurricane Isaias will be $3 billion in the US from wind and storm surge. Based on KCC’s high-resolution US Hurricane Model, the estimate covers damage to residential, commercial and industrial properties, as well as automobiles and business interruption. It ... Read the full article
Verisk estimates Isaias insured losses at $1-2bn, driven largely by wind damage
14th October 2026
Verisk’s Catastrophe and Risk Solutions business has estimated insured industry losses to onshore property from Hurricane Isaias at between $1 billion and $2 billion, with wind damage expected to account for the vast majority of losses. Verisk explained that the estimate covers wind and privately insured storm surge losses from Isaias’ ... Read the full article
Mid-single-digit billions of dollars loss from Isaias unlikely to affect P&C re/insurer credit profiles, says Fitch
13th October 2026
A wide rage of insurers and reinsurers are expected to be impacted by Hurricane Isaias, which made landfall as a Category 2 storm in the Florida Panhandle on October 9th, but while the event is expected to drive moderate economic and insured losses, Fitch says it is "not likely to ... Read the full article
Cotality estimates up to $3bn in insured losses from Isaias’ wind and storm surge
13th October 2026
Cotality, a global provider of property information, analytics, and technology-enabled data solutions, has estimated insured losses from Hurricane Isaias’ wind and storm surge at USD 2 billion to USD 3 billion, with the bulk of losses expected in the Florida Panhandle and southern Alabama. Hurricane Isaias made landfall near Destin, Florida, ... Read the full article
CatIQ estimates CAD 563m loss from severe storm outbreak in southern Ontario
8th October 2026
CatIQ, a Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has released its initial industry loss estimate for the severe storm outbreak that affected southern Ontario, including Toronto, on 2 and 3 September 2026, placing insured losses at CAD 563 million. On 2 and 3 September, a ... Read the full article
Fires and supply issues drive sharp increase in business interruption losses: Allianz Commercial
8th October 2026
Companies are increasingly experiencing a sharp increase in business interruption losses, with average claims exceeding €850,000, around 70% higher than the average associated property damage claim, according to a new analysis from Allianz Commercial. With the average property damage claim coming close to €500,000, the data demonstrates that the financial consequences ... Read the full article
Canadian insurers Intact and Definity release cat loss estimates for Q3’26
8th October 2026
Canadian property and casualty insurers Intact Financial Corporation and Definity Financial Corporation have both released catastrophe loss estimates for the third quarter of 2026. Intact estimates that total catastrophe losses for Q3’26 were approximately $660 million on a pre-tax basis and net of reinsurance. The loss estimate consisted of $52 million in ... Read the full article
CatIQ lifts industry loss estimate for Ontario-Quebec storms to CAD 491m
7th October 2026
CatIQ, a Toronto-domiciled organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed an elevated third industry loss estimate of CAD 491 million for the severe thunderstorm event that struck parts of southern Ontario and southern Quebec between 30 June and 3 July 2026. The firm clarified that ... Read the full article
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