catastrophe losses

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of February 2026 of $140 million, which has lifted the total for the current annual aggregate risk period that the firm’s catastrophe bonds run across to $3.072 billion.

According to a new report from Swiss Re Institute, whilst global insured losses in 2025, at US $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including severe convective storms (SCS), wildfires, and floods, accounted for a record 92% of the total.

Hannover Re has reported its full-year 2025 results this morning, with a meaningful increase to net income and clear growth in property and casualty risks, while on the large loss side insurance-linked securities (ILS) capital sources ended up supporting roughly 20% of the large losses it experienced.

Catastrophe data aggregator PERILS AG has published a fourth and final industry loss estimate of nearly AU $1.88 billion for Cyclone Alfred, which affected the Australian states of Queensland and New South Wales during the period of February 28 to March 12, 2025.

Losses from winter storms Hernando and Fern, both of which have occurred in the opening months of 2026, are expected to impact primary insurers more than reinsurance capital providers, according to ratings agency AM Best.

Catastrophe data aggregator PERILS has provided its first insurance industry loss estimate for the Victoria Bushfires which took place between January 7th and 13th 2026, at AU$786 million.

Catastrophe data aggregator PERILS has provided its first insurance industry loss estimate for extratropical European windstorm Goretti that affected southwestern England, northern France and Belgium on January 8th and January 9th, at EUR 467 million.

US insurer Allstate has announced estimated pre-tax catastrophe losses of $175 million for January 2026, primarily related to recent winter storm Fern in the United States, which has lifted the total for the current annual aggregate risk period for the firm’s catastrophe bonds to $2.932 billion.

Verisk is the second of the catastrophe risk modelling specialists to release an estimate for insurance industry losses caused by recent winter storm Fern in the United States, saying the total could reach $4 billion.

Catastrophe risk modelling specialists at Karen Clark & Company (KCC) have pegged private insurance industry losses from winter storm Fern in the US at $6.7 billion, with estimated losses the highest in Texas and Tennessee.