Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
July European SCS outbreak to potentially cause losses over a billion euros: Aon
21st July 2026
Widespread severe convective storms (SCS) across Europe between July 10–17, 2026, will likely result in substantial economic and insured losses, with aggregate financial losses expected to reach at least hundreds of millions of euros and the potential for the sequence to become a billion-euro industry event as damage assessments continue, ... Read the full article
PERILS lifts Victoria Bushfires insurance loss estimate to AUD 860m
14th July 2026
Zurich-based catastrophe insurance data provider PERILS has released its third estimate for the Victoria Bushfires, which occurred from 7 to 13 January 2026, with the insured industry loss now standing at AUD 860 million. In line with its coverage definition for Australia, PERILS explained that this loss number is based on ... Read the full article
PERILS lowers industry loss estimate for windstorm Goretti to €468m
9th July 2026
PERILS, the Zurich-based catastrophe insurance data provider, has released its third industry loss estimate for Windstorm Goretti, also known as Elli, which affected southwest England, northern France and Belgium on 8 and 9 January 2026, placing the loss at €468 million. Windstorm Goretti was an intense extratropical cyclone that generated high ... Read the full article
Intact sees higher than expected cat and large losses of $416m for Q2’26
9th July 2026
Intact Financial Corporation, a Canadian property and casualty insurer, has reported that catastrophe and large losses were elevated in the second quarter and settled $247 million above the firm's expectations on a pre-tax basis and net of reinsurance. By segment, personal property losses were the highest at $252 million, followed by ... Read the full article
Venezuela quakes to generate more than $10bn in economic losses, insured impact remains uncertain: Verisk
2nd July 2026
Economic losses from the June 24, 2026, earthquakes in Venezuela are likely to exceed $10 billion, according to Verisk's Catastrophe and Risk Solutions group, which said the insured share of industry losses is unusually difficult to estimate because of the country's macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related ... Read the full article
Primary insurers to bear the brunt of Q2’26 loss events: Goldman Sachs
1st July 2026
New analysis from Goldman Sachs on Q2 2026 catastrophe events, drawing on data from insurance brokers and catastrophe modelling firms, estimates global insured catastrophe losses at approximately $24 billion, with primary insurers expected to absorb the majority of the impact. According to the firm, the $24 billion Q2 2026 estimate represents ... Read the full article
European SCS economic & insured losses likely to reach hundreds of millions of euros: Aon
1st July 2026
Amidst an intensifying heatwave, scattered thunderstorm activity impacted parts of Western and Central Europe in June, causing economic and insured losses that will likely reach hundreds of millions of euros, according to Aon’s recent Weekly Cat Report. Furthermore, the extreme heat has already caused dozens of fatalities, with the final death ... Read the full article
Economic and insured losses from June US SCS outbreak likely to reach low single-digit billions: Aon
29th June 2026
Preliminary estimates indicate that combined economic and insured losses from severe convective storm (SCS) outbreaks in the United States between June 18-25, 2026, will likely land in the low single-digit billions USD, according to broking group Aon’s Weekly Cat Report. The severe weather affected portions of the Gulf Coast, central United ... Read the full article
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
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