insured catastrophe losses

In order for the current downward trajectory of pricing in property insurance and reinsurance to be meaningfully shifted broker Gallagher Re says that an anomalously high loss burden will be required.

Reinsurance broker Gallagher Re has estimated that total insured catastrophe losses for the opening quarter of 2026 reached at least US$20 billion, 26% lower than the decadal average of $26 billion, and 47% below the most recent 5-year average.

Broking giant Aon has estimated that global insured catastrophe losses amounted to at least $20 billion in the first quarter of 2026, 6% above the 21st-century average, which came off the back of an economic toll of $37 billion, down sharply from $113 billion in the same period of 2025.

Catastrophe data aggregator PERILS has published its second industry loss estimate for the Victoria Bushfires which took place during the period of January 7th to 13th, 2026, placing the insurance market loss at AU$810 million.

Catastrophe data aggregator PERILS has published its second industry loss estimate for extratropical windstorm Goretti, also known as Elli, that affected southwestern England, northern France and Belgium in early January, placing the insurance market loss at EUR 479 million.

CatIQ, Canada’s insured loss and exposure index provider, has issued its fifth and final industry loss estimate from the ice storm that struck Ontario and Quebec in late March 2025, putting the insured market loss at CAD $466 million, a 5% decrease from its fourth loss estimate of CAD $490 million that was issued in September.

Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses for the severe convective storms (SCS) that hit Queensland and New South Wales between November 21st to 27th 2025, lifting the total almost 11% to AU $2.95 billion.

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.

Winter storm Fern, which affected the United States from January 23rd through 26th, is expected to cause insurance market losses of more than one billion dollars, while it is likely to be compared to previous historic US winter storms, broker Aon has reported.