Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
Storm Nils insured losses could exceed €3bn: Morningstar DBRS
19th February 2026
Following the widespread destruction caused by Storm Nils across southwestern France, Morningstar DBRS has estimated that total insured losses could surpass €3 billion. In a new report, the firm said that in recent days, Storm Nils has unleashed heavy rainfall, powerful winds, and severe flooding, resulting in at least two fatalities ... Read the full article
Storm Kristin could be among Portugal’s costliest insured loss events: Aon
16th February 2026
Between late January and early February, a series of Atlantic windstorms hit Southwestern Europe, with Storm Kristin as the most severe and potentially one of the costliest re/insurance loss events ever recorded in Portugal, according to Aon. Since 18th January 2026, eight consecutive lows have impacted Southwestern Europe, particularly Portugal and ... Read the full article
Primary insurers to absorb up to $7bn Winter Storm Fern industry loss: Fitch
6th February 2026
Credit ratings agency, Fitch Ratings, expects Winter Storm Fern to incur insured losses of between $4 billion and $7 billion, with primary insurers poised to absorb the event as while damaging, Fitch notes that it was not large enough to reinsurance attachment points. Fern caused subfreezing temperatures, heavy snow, and freezing ... Read the full article
Industry losses from Winter Storm Fern could reach $4bn: Verisk
4th February 2026
Verisk, a global data analytics and technology provider to the insurance industry, has estimated insured industry losses to property and auto from Winter Storm Fern to reach $4 billion, largely driven by freeze impacts, with supplemental losses from wind and snow. The early results from Verisk’s updated U.S. Winter Storm Model ... Read the full article
KCC estimates insured loss from Winter Storm Fern at $6.7bn
3rd February 2026
Catastrophe risk modelling firm Karen Clark and Company (KCC) has estimated that the privately insured loss from Winter Storm Fern, which brought snow and ice to more than 30 states, will be $6.7 billion. The estimate, which is based on the high-resolution KCC US Winter Storm Model, includes the privately insured ... Read the full article
PERILS ups October Australia east coast SCS insured losses to AUD 1.512bn
2nd February 2026
Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS), which affected Queensland, New South Wales and Victoria between 26 October and 1 November 2025, placing the insurance market loss at AUD 1.512 billion. In line with its Australian ... Read the full article
Aon estimates insured & economic losses from ‘historic’ winter storm to top $1bn
30th January 2026
Aon has revealed that total economic and insured losses will likely exceed $1 billion from the historic winter storm that severely impacted a large part of the United States and eastern Canada on January 23-26. Providing some meteorological background for the event, Aon explained that on January 23, a deep, elongated ... Read the full article
BMS expects Winter Storm Fern to drive hundreds of millions in insured losses
28th January 2026
The January 2026 winter storm impacting a large swath of the US (labelled Fern by The Weather Channel) has set various records across winter weather perils and is expected to generate several hundreds of millions of dollars in insured losses, according to independent re/insurance broker BMS. Winter Storm Fern has affected ... Read the full article
Insured losses from Victorian Bushfires cross AU$200m from 3,123 claims: ICA
28th January 2026
After the recent escalation from a significant event declaration to an Insurance Catastrophe, the Insurance Council of Australia (ICA) has confirmed that insured losses from the devastating Victorian bushfires have crossed AU$200 million across 3,123 claims. This claims count includes property, motor, commercial, and business interruption claims, with 30% of ... Read the full article
Major risk conditions hinge on crystallisation of 2025 aviation claims: Howden Re
26th January 2026
Following the 1 January 2026 renewals, the future direction of major risk market conditions will likely be determined by the final amount of losses incurred in 2025, according to Howden Re’s Aviation & Space Treaty team. After a period of relatively modest major risk airline losses, a number of high-profile claims ... Read the full article
Extreme weather in Australia costs insurers $3.5bn in 2025: ICA
23rd January 2026
According to new data from the Insurance Council of Australia (ICA), extreme weather events have resulted in almost $3.5 billion in insured losses from 264,000 claims in 2025. Of these losses, the costliest was Ex-Tropical Cyclone Alfred, which accounted for 132,000 claims and more than $1.5 billion in insured losses. Severe hailstorms ... Read the full article
2025 insured cat losses total $129bn, with US accounting for 78%, says Gallagher Re
21st January 2026
Gallagher Re, the reinsurance broking and advisory firm, released its full-year Natural Catastrophe and Climate Report for 2025, reporting that global natural catastrophe losses during 2025 were largely manageable for the re/insurance sector, with total insured losses for the year estimated at USD 129 billion, which is around 5% below ... Read the full article
Insured losses from catastrophic events across Canada total $2.4bn in 2025: CatIQ
21st January 2026
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has announced that insured losses from catastrophic events experienced across Canada totalled CAD 2.4 billion in 2025. According to the Institute for Catastrophe Loss Reduction (ICLR), uninsured losses amounted to a further $1.0 billion, bringing total societal losses for ... Read the full article
Global insured nat cat losses fall YoY but again exceed $100bn in 2025: Munich Re
13th January 2026
Although $244 billion in total global losses for natural disasters in 2025 is lower than the 10-year average, insured losses once again exceeded $100 billion at $108 billion, according to Munich Re, one of the world's leading reinsurance companies. 2025 joins the growing list of years with insured losses exceeding the ... Read the full article
Sri Lankan insurers’ cyclone losses limited, reinsurers to absorb most non-motor losses: Fitch
18th December 2025
Fitch Ratings expects most Sri Lankan insurers' losses from Cyclone Ditwah flooding to be limited due to low non-motor retention and reinsurance. However, the National Insurance Trust Fund Board (NITF), the country's sole local reinsurer, is more exposed to losses due to a lack of retrocession. The agency expects the sector’s underwriting ... Read the full article
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