Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
Flooding and SCS drive Q1’26 losses as global protection gap narrows: Aon
17th April 2026
Aon's latest Global Catastrophe Recap has revealed that flooding and severe convective storms (SCS) caused the highest economic losses during Q1 2026, with SCS highlighted as the most damaging peril for insurers. The report, which analysed global natural catastrophe activity during the first quarter of the year, found that insured losses ... Read the full article
Allstate estimates $1.24bn Q1’26 cat losses with March contributing $925m
17th April 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has announced its estimated catastrophe losses for the first quarter of 2026, totalling $1.24 billion, or $980 million, after-tax. While the figure represents a significant impact from severe weather events, it marks a significant improvement over Read the full article
PERILS raises industry loss estimate for Victoria Bushfires to AU$810m
13th April 2026
PERILS, the Zurich-based catastrophe insurance data provider, has lifted its second insurance industry loss estimate for the Victoria Bushfires, which took place from January 7th to 13th, 2026, to AU$810 million. These fires destroyed 900 buildings, including 330 homes, and impacted infrastructure, with over 20,000 livestock lost, and tragically, resulted in ... Read the full article
PERILS lifts insurance market loss for windstorm Goretti to €479m
9th April 2026
Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for extratropical windstorm “Goretti”, also known as “Elli”, placing the insurance market loss at €479 million. The loss estimate, which covers the property and motor lines of business and is based on loss data collected from affected insurers, ... Read the full article
CatIQ lowers final Ontario & Quebec ice storm loss estimate to CAD 466m
2nd April 2026
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth and final industry loss estimate for the ice storm that affected Ontario and Quebec between 28th and 31st March 2025, decreasing losses to CAD 466 million. The event involved a prolonged period of wintry precipitation ... Read the full article
Total losses from March Kona Storms in Hawaii said to be at least $1bn: Aon
27th March 2026
According to global insurance and reinsurance broking group Aon’s weekly catastrophe report, back-to-back Kona Storms on March 10-24, which produced extreme rainfall and subsequent flooding across much of Hawaii, will result in total economic and insured losses of at least one billion US dollars, citing Hawaii government officials. Aon's report explains ... Read the full article
PERILS releases initial industry loss estimate of €586m from extratropical windstorm Nils
27th March 2026
PERILS, a Zurich-based catastrophe insurance data provider, has disclosed its initial industry loss estimate for the extratropical windstorm “Nils”, also known as “Ulrike”, noting the event has cost the insurance industry a total of €586 million. The storm, which peaked on February 12, 2026, combined destructive winds and intense rainfall. As France ... Read the full article
Hailstorms now rival Cat 4 hurricanes in financial losses: Cotality
25th March 2026
Hail has now become a leading driver of insured losses, with modern storms now able to cause financial losses comparable to a Category 4 hurricane, a recently published Cotality report has revealed. For insurers and reinsurers, this shift demands a move away from historical data averages toward property-specific modelling. Ultimately, the entire ... Read the full article
US SCS losses accelerate as second $1bn event emerges in same week: Gallagher Re
20th March 2026
A new Gallagher Re report has indicated that the March 15–16 severe convective storm (SCS) outbreak is on track to become the second U.S. SCS event of the year to generate more than $1 billion in industry losses, occurring within the span of a single week, following the hail and ... Read the full article
Secondary perils account for 92% of global insured losses in 2025: Swiss Re
19th March 2026
Although global insured losses in 2025, at $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including wildfires, severe convective storms (SCS) and floods, accounted for a record 92% of the total, according to a new report from Swiss Re Institute. Contributing $40 billion to the 2025 total, the ... Read the full article
Losses to global reinsurance market from Middle East conflict limited for now: AM Best
13th March 2026
AM Best has suggested that losses to the global reinsurance market from the ongoing conflict in the Middle East are limited so far, and would typically take the form of single large losses. AM Best's report noted that war risks are commonly excluded from policies but are offered as riders on ... Read the full article
PERILS places final industry loss estimate for Cyclone Alfred at AU $1.877bn
12th March 2026
Zurich-based catastrophe insurance data provider PERILS has disclosed its fourth and final industry loss estimate for Cyclone Alfred, noting the event has cost the insurance industry a total of AUD 1.877 billion. This final figure compares to the previous loss estimates of AUD 2.568 billion, AUD 2.250 billion and ... Read the full article
PERILS ups industry loss estimate for Queensland & New South Wales storms to AUD 2.95bn
27th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has increased its insurance industry loss estimate for the Queensland and New South Wales Severe Convective Storms (SCS) that occurred 21 to 27 November 2025, to AUD 2.95 billion. This second estimate compares to the initial loss estimate of AUD 2.663 billion issued ... Read the full article
US winter storms to hit Q1 profits with primary insurers expected to absorb losses: AM Best
26th February 2026
Losses from two major winter storms in the United States - Fern in January and Hernando in February - are expected to result in a significant decline in underwriting profits for the first quarter of 2026, but the impact will be less severe than the California wildfires of 2025, according ... Read the full article
PERILS places first industry loss estimate from Victoria Bushfires at AU$786m
26th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has provided its first insurance industry loss estimate for the Victoria Bushfires, which took place from 7 to 13 January 2026 at AU$786 million. The PERILS estimate of the insurance market loss for the event is based on loss data collected from the affected ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
