Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
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
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
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