Hurricane Isaias losses estimated at up to $4 billion; Fitch sees earnings event
Gallagher Re says Isaias is unlikely to materially influence January 1 renewals because reinsurance capital is abundant; Cambridge Associates and New Holland said scrutiny has moved to manager modeling and staffing.
At a glance
Hurricane Isaias produced onshore property losses of $1 billion to $2 billion, according to Verisk, and total industry losses of $2 billion to $4 billion, according to Euler.
Gallagher Re says Isaias is unlikely to materially influence January 1 renewals because reinsurance capital is abundant.
At ILS Convergence 2026, Cambridge Associates and New Holland said better data has eased climate concerns and scrutiny moved to how managers model, staff and explain catastrophe risk.
Hurricane Isaias produced onshore property losses of $1 billion to $2 billion, according to Verisk, and total industry losses of $2 billion to $4 billion, according to Euler. Fitch views the storm as an earnings event.
Moody's says Florida-only homeowners writers are most exposed to the storm.
The renewal test
Gallagher Re says Isaias is unlikely to materially influence January 1 renewals because reinsurance capital is abundant.
At ILS Convergence 2026, Cambridge Associates and New Holland said better data has eased climate concerns and scrutiny moved to how managers model, staff and explain catastrophe risk.
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