Catastrophe Risks

Fitch Ratings projects Los Angeles wildfires may consume 30 percent of European reinsurers' 2025 catastrophe budgets, with insured losses estimated at $25–$45 billion. Despite financial strain, reinsurers' strong capital positions and diversified risks minimize material impact. Fitch expects tempered rate declines with significant increases limited to high-risk regions like California. Read More

The Federal Emergency Management Agency (FEMA) transfers $757.835 million in flood risk to private reinsurers, expanding coverage with 27 companies. Total National Flood Insurance Program risk transfer now reaches $2.058 billion. Read More

Munich Re reports $140 billion in insured losses from 2024 natural disasters, including hurricanes Helene and Milton. Rising losses underscore climate change's impact. Read More

For the fifth consecutive year, insured losses resulting from natural catastrophes have exceeded $100 billion, according to the Swiss Re Institute. Losses in the United States represent at least two-thirds of this year's global insured losses of more than $135 billion as of current estimates. Read More

The 2024 Atlantic hurricane season ended November 30 with a high level of activity that fell within the predicted range, according to the US National Oceanic and Atmospheric Administration (NOAA). The Atlantic basin saw 18 named storms in 2024, 11 of which were hurricanes with 5 intensifying to major hurricanes. Read More