Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
Re/insurers unable to close nat cat protection gap alone, says Moody’s
24th September 2026
A new Moody’s report emphasises that the protection gap in natural catastrophe losses cannot be closed by property and casualty (P&C) insurers and reinsurers alone, with more than 50% of these losses uninsured in 2025. The report finds that since 2015, 57.8% of catastrophe losses have gone uninsured, while the damages ... Read the full article
10 extreme summer events caused insured losses of over CAD 1.8bn in Canada: CatIQ
24th September 2026
According to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), a Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, 10 extreme weather events this summer across Alberta, Saskatchewan, and Manitoba caused overall insured damages of more than CAD 1.8 billion. Historically, wind, hailstorms, and wildfires are ... Read the full article
Allstate estimates August cat losses at $748m
17th September 2026
The Allstate Corporation, a US personal property and casualty insurer, has announced estimated catastrophe losses for the month of August of $748 million or $591 million, after-tax. The losses were generated by 21 events, with a single severe wind and hail event accounting for roughly half of the total impact. August’s figure ... Read the full article
CatIQ estimates Bald Range wildfire insurance losses at CAD 313m
15th September 2026
CatIQ, the Toronto-based independent organisation that provides industry-wide catastrophe insurance data and operates as a subsidiary of PERILS, has placed its initial estimate of insured losses from the Bald Range wildfire at CAD 313 million. The fire affected Summerland, British Columbia, and neighbouring areas between 7 and 18 August 2026. CatIQ ... Read the full article
Industry loss estimate for Saskatchewan and Manitoba severe weather reaches CAD 923m: CatIQ
9th September 2026
CatIQ, the independent Toronto-based catastrophe insurance data provider and subsidiary of PERILS, has revised its industry loss estimate for the severe storm outbreak in Saskatchewan and Manitoba, Canada, to CAD 923 million. The updated figure, issued three months post-event, represents a notable increase from the initial 45-day assessment of CAD 850 ... Read the full article
Gallagher Re estimates €2.5bn in August Western Europe SCS & hail losses
4th September 2026
From 24 to 28 August, severe convective storm (SCS) outbreaks caused extensive damage across multiple European countries, with the most severe weather occurring between 27 and 28 August and industry losses anticipated to approach EUR 2.5 billion, according to global reinsurance broking and advisory firm Gallagher Re. Between 24 and 26 ... Read the full article
Reinsurers to absorb significant chunk of modest insured losses from Nepal floods: AM Best
1st September 2026
Victoria Ohorodnyk, Senior Director, Head of Analytics, AM Best, explains that international reinsurers are expected to absorb a significant share of the overall modest insured losses from the devastating flash floods in Nepal, driven by the fact the country’s non-life insurance market relies heavily on reinsurance capacity to underwrite catastrophe ... Read the full article
Global insurers must prepare to absorb $171bn in insured cat losses each year: Verisk
1st September 2026
Increasing catastrophes, inflation and construction costs are driving the continued rise in insured losses, Verisk's 2026 Global Modelled Catastrophe Losses Report finds. According to the annual report, the insurance industry should be prepared to withstand $171 billion in insured catastrophe losses on average in a given year, up $19 billion from ... Read the full article
PERILS places first industry loss estimate from July Europe SCS at €2.2bn
1st September 2026
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed an initial industry loss estimate of EUR 2.186 billion from severe convective storms (SCS) that affected Germany, France, Switzerland and Italy between 13 and 19 July 2026. As usual, this initial insurance market loss estimate is based on loss data collected from ... Read the full article
Aon estimates hundreds of millions in losses from wave of European severe storms
28th August 2026
Severe convective storm systems swept across Europe in recent days, unleashing damaging winds, large hail and torrential rainfall that caused localised flash flooding. The storms are expected to result in aggregate economic and insured losses of hundreds of millions of euros, according to Aon. The severe weather affected parts of Western, ... Read the full article
Allstate estimates $682m in cat losses for July
20th August 2026
The Allstate Corporation, a US personal property and casualty insurer, has estimated catastrophe losses of $682 million, or $539 million after tax, for July 2026. The catastrophe loss estimate includes 23 events, with approximately 75% of the losses related to two wind and hail events. Allstate’s July estimate is an increase from ... Read the full article
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
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