Perils increases loss estimate for Australia's October SCS event to A$1.51 billion | The Insurer

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Perils increases loss estimate for Australia's October SCS event to A$1.51 billion | The Insurer The Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Data Hub Sign in Subscribe Articles Region London Market Europe US / Americas Bermuda Asia Pacific Topics Broking Casualty Cyber ILS InsurTech and innovation Legacy Legal/ Regulatory Lloyd’s Losses M&A Parametric People Moves Property catastrophe Results Specialty Events & Conferences Events Content Types News Analysis Viewpoint Commentary Interview News Analysis Commentary Viewpoint Interview Events Videos Perils increases loss estimate for Australia's October SCS event to A$1.51 billion By Navneeta Nandan Published: Mon 2 Feb 2026 Loss aggregator Perils has issued a second industry loss estimate of A$1.51 billion ($1.05 billion) for the severe convective storms that affected Queensland, New South Wales and Victoria between October 26 and November 1, 2025.

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