Article ID: 1f48f1e616b9b24a5bd2f050ee667f3320584e2c64ada26800fa48566abb9ae3
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URL: https://www.businessinsurance.com/lower-q1-cat-losses-bolster-reinsurance-capacity/
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Lower Q1 cat losses bolster reinsurance capacity - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Lower Q1 cat losses bolster reinsurance capacity by Gavin Souter A January winter storm caused $4 billion in insured losses. Catastrophes , Property Apr 21, 2026 Global insured catastrophe losses fell below average in the first quarter of 2026, despite widespread weather-related events, leaving insurers and reinsurers well positioned heading into this year’s hurricane season, according to a Gallagher Re report released Tuesday. Global economic losses from natural catastrophes totaled about $58 billion in the quarter, down 12% from the 10-year average, while insured losses were about $20 billion, 26% below average. The relatively modest insured loss reflected the absence of a single large industry event exceeding $10 billion, even as 17 separate billion-dollar economic loss events occurred during the period. European windstorms generated about $22 billion in economic damage, marking the costliest start to a year for the exposure since 1999, though much of that amount was uninsured. In the United States, winter and severe convective storms were among the largest insured-loss events, including a late-January storm that caused about $4 billion in insured damage. The below-average losses continue a recent trend, with the first quarter marking the fourth consecutive period in which insured catastrophe losses were below $40 billion, Gallagher Re said. As a result, reinsurers enter the historically more active second and third quarters with strong capital positions. The report estimates that it would take a catastrophe or series of events generating at least $115 billion to $125 billion in insured losses to significantly alter current pricing trends in the property market. Related News Uber loses another US driver sex assault trial April 21, 2026 McGill announces promotions April 20, 2026 Keystone buys Tampa agency April 20, 2026 N.Y. court upholds award for unexplained workplace brain injury April 20, 2026 Postal service loses OSHA appeal over asbestos hazards at Oregon facility April 20, 2026 Conn. court backs employer lien on full asbestos settlements April 20, 2026 Blackwell launches cannabis stop-loss captive April 20, 2026 Hormuz standoff disrupts traffic, lifts war risk insurance rates April 20, 2026 Insurers dispute $684M Nord Stream claim April 20, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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