Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
CatIQ lifts insured loss estimate for Ontario-Quebec storms to CAD 439m
17th August 2026
CatIQ, the independent Toronto-based catastrophe insurance data provider and subsidiary of PERILS, has released its second industry loss estimate for the severe thunderstorm event that struck parts of southern Ontario and southern Quebec, Canada, between 30 June and 3 July 2026, putting the total insured loss at CAD 439 million. The ... Read the full article
PERILS decreases insured loss estimate for extratropical windstorm Nils to €695m
17th August 2026
PERILS, a Zurich-based catastrophe insurance data provider, has disclosed a reduced loss estimate for extratropical windstorm Nils, also known as Ulrike, of EUR 695 million, which affected the Nouvelle-Aquitaine and Occitanie regions in southwest France from 11 to 13 February 2026. This is the third industry loss estimate for the extratropical ... Read the full article
LM Re & Safehub make ‘first-of-its-kind’ parametric earthquake payout in Peru
13th August 2026
Liberty Mutual Reinsurance Group (LM Re), part of Liberty Mutual Insurance Group, and Safehub have issued a payout for the magnitude 5.8 earthquake in Peru that triggered Safehub’s Shake Network. According to the pair, the earthquake that struck Ica on 19 May 2026 produced significant ground acceleration at multiple client locations. The ... Read the full article
Midwest severe storms could generate billions in insured losses, Guy Carpenter warns
13th August 2026
A severe convective storm outbreak that swept across the US Midwest between August 9 and 11 could generate insured losses running into the billions of dollars, according to a recent report from Guy Carpenter. The reinsurance broker, which is part of Marsh, said the event could rank among the 10 largest ... Read the full article
CatIQ places final loss estimate for Hurricane Debby floods in Ontario & Quebec at CAD 2.8bn
12th August 2026
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed its sixth and final industry loss estimate for flooding caused by the remnants of Hurricane Debby in Ontario and Quebec between 9 and 10 August 2024, putting losses at CAD 2.8 billion. The final ... Read the full article
Climate-driven SCS to reshape how insurers price risk: First Street
11th August 2026
Severe convective storms (hail, damaging wind, and tornadoes) have become the costliest insured peril of the 21st century, reshaping how insurers, investors, and asset owners price risk, new First Street analysis reveals. In 2025, SCS generated approximately $82 billion in global economic losses, which accounted for nearly one-third of all worldwide ... Read the full article
Spokane wildfires could become costliest insured fire event in Washington state history: Gallagher Re
6th August 2026
Based on the number of properties destroyed and the value of homes and businesses affected by the Spokane, Washington, wildfires, Gallagher Re has estimated that insured losses will reach at least hundreds of millions of dollars, with a plausible chance of becoming a billion-dollar industry loss event. The event is expected ... Read the full article
AM Best expects ‘considerable’ insured losses from Spokane-area wildfires
6th August 2026
A new AM Best report has suggested that the areas in and around Spokane, Washington, will suffer "considerable insured losses" from ongoing wind and fire damage, although it is too early to accurately estimate the magnitude of the losses. "Three major wildfires, together called the Complex Fire, continue to burn in ... Read the full article
J.P. Morgan says reinsurance pricing unlikely to stabilise before 2027
3rd August 2026
J.P. Morgan, the global investment bank and financial services firm, believes the reinsurance market is likely to remain under pricing pressure into 2027, despite another year of strong underwriting profitability driven by relatively light natural catastrophe losses. In a new research report on the European reinsurance sector, J.P. Morgan said the ... Read the full article
Verisk says insured losses from Kumamoto Earthquake in Japan could hit $2.1bn
3rd August 2026
According to initial estimates by the Catastrophe and Risk Solutions group at Verisk, a data analytics and technology provider to the global re/insurance industry, the 6.8 magnitude earthquake that struck near Kumamoto City on Japan's Kyushu Island on 28 July will result in insured losses of between JPY 220-340 billion, ... Read the full article
July US SCS outbreak could be among costliest severe weather events in US history, says Aon
31st July 2026
The latest Aon Weekly Cat report warns that the substantial severe weather outbreak in July, which affected the Midwest and resulted in additional storms impacting the eastern US, could rank near or among the top 10 costliest severe weather events in US history. According to the broker, the outbreak will likely ... Read the full article
Insured losses from nat cats reached $44bn in H1’26: Munich Re
30th July 2026
Munich Re, a global reinsurer and provider of primary insurance and risk solutions, has disclosed that in the first half of 2026, insured losses from natural disasters totalled USD 44 billion, representing a 60% insurance gap, as overall global losses totalled nearly USD 112 billion. The reinsurer, in its new report, ... Read the full article
US insured SCS losses estimated to be below average in 2026: KCC
23rd July 2026
Insured losses from severe convective storms (SCS) are projected to be below average in 2026, according to catastrophe modelling firm KCC’s latest US SCS Bulletin. The updated outlook is based on losses in the first six months of the year. Historically, accumulated losses generated through the end of June account for ... Read the full article
CatIQ reports final industry loss estimate for ‘24 Jasper wildfires at CAD 1,304m
23rd July 2026
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data, has disclosed its final industry loss estimate for the 2024 Jasper, Alberta wildfire, with total insured losses standing at CAD 1,304 million. The figure, released two years after the devastating blaze swept through Jasper National Park between 22 July and ... Read the full article
US cats drive global insured losses in H1’26 as SCS dominate: Aon
22nd July 2026
US natural catastrophes generated approximately $36 billion in insured losses during the first half of 2026, accounting for 75% of global insured losses, according to Aon’s Global Catastrophe Recap: First Half of 2026 report. The country experienced 11 billion-dollar insured events during the period, including nine severe convective storm (SCS) outbreaks ... Read the full article
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