Europe's 2026 drought caused more than $8.5 billion in losses by Aon's count, roughly $5 billion of it in France. Europe's severe convective storms added at least $8.6 billion in insured losses, and the late-August outbreak was Switzerland's costliest convective storm event on record.

Source: Aon Global Catastrophe Recap Q3 2026, via Claims Journal (2026-10-29)