PERILS puts the insured property and motor losses from the 26 to 28 August hailstorms across France, Germany, Switzerland and Italy at €3.296 billion ($3.7 billion) in its first estimate. Hail of 4 to 8 centimeters fell widely, up to 13 centimeters in Lombardy and Emilia-Romagna. PERILS calls it among the largest catastrophe losses on record for Swiss insurers, and the second European convective storm of 2026 above €2 billion. An updated estimate is due 28 November.

Source: PERILS, via Reinsurance News (2026-10-19). Converted at the 19 October rate.