Reinsurance News
severe convective storm
PERILS cuts loss estimate for Queensland and New South Wales storms to AUD 2.943bn
27th May 2026
PERILS, the Zurich-based independent provider of catastrophe insurance market data, has published its third industry loss estimate relating to the severe convective storms that struck Queensland and New South Wales between 21 and 27 November 2025. PERILS reported that the latest industry loss estimate has been placed at AUD 2.943 billion, ... Read the full article
More than half of planned US data centres at high risk of severe convective storms: MS Amlin
26th May 2026
According to recent analysis from specialty Lloyd’s insurer MS Amlin, just over half (51%) of planned US data centre projects worth $670 billion are located in states at high risk of severe convective storms (SCS). MS Amlin’s analysis examined more than 670 data centre projects under construction or in planning across ... Read the full article
Renew Risk introduces US severe storm model for solar insurance market
8th May 2026
Renew Risk, a specialist provider of renewable energy risk analytics and catastrophe modelling solutions, has announced the launch of its US SCS Model, which the company says is the first modelling platform developed specifically to assess severe convective storm risk for solar farms in the United States. Renew Risk stated that ... Read the full article
US cat risk reshaped as wildfire and storms define 2025 loss profile: Swiss Re
1st May 2026
With Swiss Re Institute analysis highlighting that ~99.9% of insured natural catastrophe losses in North America in 2025 were driven by secondary perils such as wildfires and severe convective storms (SCS), Monica Ningen, CEO of Property & Casualty Reinsurance US at Swiss Re, has said the year is “another clear ... Read the full article
April US SCS & flooding losses to reach into single-digit billions USD: Aon
1st May 2026
A prolonged severe weather outbreak significantly impacted much of the central and southern US on April 23–29, with total economic and insured losses expected to reach into the single-digit billions USD, according to Aon. Large hail, widespread winds, and destructive tornadoes were recorded. North Texas and the Midwest were particularly hard ... Read the full article
PERILS lowers Australia east coast SCS loss estimate to AUD 1.502bn
1st May 2026
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed its third industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) of late October 2025, placing the loss at AUD 1.502 billion. The event impacted the states of Queensland, New South Wales and Victoria between 26th October and 1st ... Read the full article
Gallagher Re says April US storm outbreaks to exceed $1bn in insured losses
24th April 2026
Gallagher Re, a global reinsurance broker and risk advisory firm, reports that a series of severe convective storm (SCS) outbreaks across central and eastern parts of the United States in April 2026 is expected to result in insured losses exceeding USD 1 billion. The broker attributes the losses primarily to large ... Read the full article
US SCS loss surge largely driven by non-hazard factors, not just climate: Gallagher Re’s Bowen
21st April 2026
Gallagher Re’s Chief Science Officer, Steve Bowen, has noted that while weather and climate factors are certainly part of the story behind the increase in US severe convective storm (SCS) loss costs, most of the rise can be explicitly tied to macroeconomic and socioeconomic drivers. Speaking in an interview with Reinsurance ... Read the full article
Combining AI-driven and traditional measures critical to mitigating SCS risks: Allianz
1st April 2026
The frequency and intensity of severe convective storm (SCS) events have increased significantly leading to insured losses in billions of US dollars globally, but these risks can be mitigated with a combination of traditional resilience measures and artificial intelligence (AI) solutions, a recent Allianz report highlights. Last year alone, these unpredictable ... Read the full article
Aon expands daily loss intelligence service to include US Severe Convective Storms
27th March 2026
Global insurance and reinsurance broking group Aon has announced the expansion of its Automated Event Response (AER) service to include US Severe Convective Storms (SCS). This enhancement has been designed to assist insurers to better manage losses, deploy resources and respond quickly to policyholders during active weather events. US SCS has now ... 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
Insured losses from March 10-12 US SCS outbreak to land in the billions of dollars: Gallagher Re
13th March 2026
Initial estimates suggest that insured losses from the March 10-12 US severe convective storm (SCS) outbreak will land in the low to mid-single-digit billions of dollars, with total economic losses poised to be 20-25% higher, according to reinsurance broker Gallagher Re. The March 10-12 SCS outbreak hit more than a dozen ... 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
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
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