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Reinsurance News Losses News on catastrophe and man-made losses that impact or could impact the reinsurance industry and reinsurers around the globe. Major risk conditions hinge on crystallisation of 2025 aviation claims: Howden Re 26th January 2026 Following the 1 January 2026 renewals, the future direction of major risk market conditions will likely be determined by the final amount of losses incurred in 2025, according to Howden Re’s Aviation & Space Treaty team. After a period of relatively modest major risk airline losses, a number of high-profile claims ... Read the full article Extreme weather in Australia costs insurers $3.5bn in 2025: ICA 23rd January 2026 According to new data from the Insurance Council of Australia (ICA), extreme weather events have resulted in almost $3.5 billion in insured losses from 264,000 claims in 2025. Of these losses, the costliest was Ex-Tropical Cyclone Alfred, which accounted for 132,000 claims and more than $1.5 billion in insured losses. Severe hailstorms ... Read the full article 2025 insured cat losses total $129bn, with US accounting for 78%, says Gallagher Re 21st January 2026 Gallagher Re, the reinsurance broking and advisory firm, released its full-year Natural Catastrophe and Climate Report for 2025, reporting that global natural catastrophe losses during 2025 were largely manageable for the re/insurance sector, with total insured losses for the year estimated at USD 129 billion, which is around 5% below ... Read the full article Insured losses from catastrophic events across Canada total $2.4bn in 2025: CatIQ 21st January 2026 CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has announced that insured losses from catastrophic events experienced across Canada totalled CAD 2.4 billion in 2025. According to the Institute for Catastrophe Loss Reduction (ICLR), uninsured losses amounted to a further $1.0 billion, bringing total societal losses for ... Read the full article Global insured nat cat losses fall YoY but again exceed $100bn in 2025: Munich Re 13th January 2026 Although $244 billion in total global losses for natural disasters in 2025 is lower than the 10-year average, insured losses once again exceeded $100 billion at $108 billion, according to Munich Re, one of the world's leading reinsurance companies. 2025 joins the growing list of years with insured losses exceeding the ... Read the full article Sri Lankan insurers’ cyclone losses limited, reinsurers to absorb most non-motor losses: Fitch 18th December 2025 Fitch Ratings expects most Sri Lankan insurers' losses from Cyclone Ditwah flooding to be limited due to low non-motor retention and reinsurance. However, the National Insurance Trust Fund Board (NITF), the country's sole local reinsurer, is more exposed to losses due to a lack of retrocession. The agency expects the sector’s underwriting ... Read the full article 2025 insured nat cat losses to exceed $100bn but down 24% year-on-year: Swiss Re 16th December 2025 2025 insurance and reinsurance industry losses from natural catastrophes are expected to exceed $100 billion for the sixth consecutive year, but at an estimated $107 billion, the total is 24% lower than the $141 billion seen in 2024, and 3% below the 10-year average of $111 billion, according to Swiss ... Read the full article 2025 marks fifth year in a row of $100bn+ cat claims, less damaging for reinsurers: J.P. Morgan 8th December 2025 2025 will mark the fifth consecutive year in which global catastrophe claims have exceeded $100 billion, but this has been less damaging for reinsurers due to a shift in who is responsible for paying claims, with reinsurers remaining in line with or below their catastrophe loss budgets in recent years, ... Read the full article Hong Kong fire to add pressure to P&C sector’s earnings: S&P 4th December 2025 A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry. Hong Kong’s P&C sector is expected to see its net combined ratio rise ... Read the full article Reinsurers expected to shoulder most of $200m loss from Hong Kong fire: AM Best 2nd December 2025 According to ratings agency AM Best, a material portion of the gross incurred loss, which may exceed $200 million from the deadly Hong Kong apartment (Wang Fuk Court) fire, is expected to be transferred to reinsurers. Primary insurers operating in the region typically rely on a mix of reinsurance arrangements, including ... Read the full article US SCS losses reach $42bn, establishing a “new normal”: Moody’s 21st November 2025 Insured losses related to US severe convective storms (SCS) reached $42 billion in the first nine months of 2025, with average per-event costs 31% higher than the previous decade’s average, establishing a “new normal” for extreme weather, according to a recent Moody’s analysis. SCS, characterised by winds exceeding 58 MPH, hail ... Read the full article Munich Re estimates mid-triple digit million EUR loss from Hurricane Melissa 11th November 2025 Despite it still being early days, Christoph Jurecka, Chief Financial Officer at Munich Re, has estimated that the firm's losses related to Hurricane Melissa will reach the mid-triple-digit million-euro range. During Munich Re’s Q3 2025 earnings call, Jurecka said, “Melissa, our current assumption is that it will be a mid-triple ... Read the full article Ambac’s insurance distribution segment reports 40% rise in organic revenue growth for Q3’25 11th November 2025 Insurance holding company Ambac Financial Group, Inc. has reported organic revenue growth of 40% in its Insurance Distribution segment, as total revenue grew by 80% to $43 million for the quarter, compared to $24 million in Q3’24. For the Insurance Distribution segment, the net loss to shareholders is reported at $5 ... Read the full article Moody’s RMS expects Hurricane Melissa’s private market insured losses between $3-5bn 7th November 2025 Catastrophe risk modeller Moody's RMS Event Response has estimated private market insured losses driven primarily by wind impacts in Jamaica, with minimal contributions from other impacted Caribbean islands, including the Bahamas, Haiti, and the Turks and Caicos Islands, from Hurricane Melissa to range between $3-5 billion. Moody's best estimate of insured ... Read the full article Insured losses from Hurricane Melissa impacts in Jamaica and Cuba to hit $2.4bn: KCC 6th November 2025 The privately insured loss from Hurricane Melissa damages to residential, commercial, and industrial properties in Jamaica and Cuba is expected to hit $2.4 billion, based on Karen Clark & Company's (KCC) high-resolution Caribbean Hurricane Model. Catastrophe risk modeller KCC explained that despite this storm devastating parts of Jamaica and Cuba, the ... Read the full article
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