Reinsurance News
Losses
News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe.
Allstate estimates $213m in catastrophe losses for August
18th September 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August. The losses included 10 events, with approximately 70% attributable to three wind and hail events. By comparison, Allstate estimated higher ... Read the full article
Average annual insured losses from nat cats rise to $152bn: Verisk
2nd September 2025
The global modelled insured average annual property loss (AAL) from natural catastrophes has increased to $152 billion, according to the latest annual report from Verisk’s Extreme Event Solutions business. This means that the insurance industry should now be prepared for total annual insured property losses from natural catastrophes that far exceed ... Read the full article
Allstate estimates $184m in catastrophe losses for July
21st August 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $184 million or $145 million, after-tax for July. The company reported that the cat losses stemmed from 19 wind and hail events. By comparison, estimated catastrophe losses for July 2024 were much ... Read the full article
CatIQ lowers Hurricane Debby flood loss estimate in Ontario & Quebec to CAD 2.8bn
12th August 2025
CatIQ, a provider of industry-wide catastrophe insurance data and a subsidiary of PERILS, has released its fifth industry loss estimate for the extensive flooding in Ontario and Quebec caused by the remnants of Hurricane Debby between 9 and 10 August 2024. The fifth estimate, which provides a snapshot of the insurance ... Read the full article
CatIQ raises 2024 Calgary hailstorm industry loss estimate to CAD 3.29bn
6th August 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth industry loss estimate for the hailstorm that affected Calgary, Alberta, on 5th August 2024, raising the total to CAD 3.29 billion. This marks a slight increase from the fourth estimate, issued six months after the ... Read the full article
Insured losses in 2025 could exceed $150bn following costly H1: Swiss Re
6th August 2025
The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm's projected full-year figure of $150 billion. According to the Swiss Re Institute, the Los Angeles County wildfires in January ... Read the full article
$80bn in H1’25 insured losses marks second-highest on record
29th July 2025
Reinsurance giant Munich Re has estimated that global insured losses from natural catastrophe events reached $80 billion in H1 2025, marking the second-highest H1 figure since its records began in 1980. The $80 billion in insured losses during H1 2025 compares to $64 billion in H1 2024 and is surpassed only ... Read the full article
PERILS lifts industry loss estimate for windstorm Éowyn to €747m
28th July 2025
Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss for its third estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, to €747 million from €696 million in April. The third estimate compares to the previous loss estimates of €619 million in March, six weeks post the ... Read the full article
Allstate estimates $619m in cat losses for June 2025
17th July 2025
The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June’s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In comparison, the June 2024 estimated cat losses were $230 million, which ... Read the full article
CatIQ reduces 2024 Ontario flash flooding loss estimate by 9% to CAD 899m
16th July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 million. As a reminder, in July 2024, southern Ontario, including Toronto and the Greater ... Read the full article
US nat cat activity drives $84bn global insured losses in H1’25: Gallagher Re
16th July 2025
Global insured losses reached $84 billion in the first half of 2025 — 55% higher than the decadal average and the highest H1 total since 2011 ($136 billion) — driven largely by US activity, according to a recent report by reinsurance broker Gallagher Re. The report found that 92% of all ... Read the full article
US wildfires & SCS push global insured losses to at least $100bn in H1’25: Aon
15th July 2025
Global insured losses from catastrophe events in the first half of 2025 increased to at least $100 billion, the second highest on record after 2011's $140 billion, driven by the Los Angeles wildfires and severe convective storm (SCS) activity in the US, reports insurance and reinsurance broker Aon. The broking group's ... Read the full article
Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies
14th July 2025
Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and the five-year average of $55 billion. The elevated losses were driven primarily ... Read the full article
Low NFIP uptake in rural areas to limit insured losses from deadly Texas flooding: Aon
11th July 2025
Given the low NFIP take-up rates across rural areas, Aon has noted that the recent deadly Texas flooding is not likely to be a major insured industry loss event, though total economic losses may still reach into the billions of USD. As widely reported by major news outlets around the world, ... Read the full article
Hail responsible for 55% of solar PV weather claims in North America: AXIS Capital
11th July 2025
A new report from AXIS Capital Holdings Limited reveals that hail accounts for 55% of the total gross claims related to natural catastrophes and extreme weather for solar photovoltaics (PV) in the US and Canada. AXIS's Global Energy team has published a report, "Solar vs. Hail Pivoting Away From Danger", to ... Read the full article
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