Australia’s cyclone reinsurance pool has estimated ultimate incurred losses worth about A$267m ($194m) from property damages linked to nine tropical cyclones in 2025/2026.
The pool said “no single event” drove its bill, with nine declared cyclone events contributing to losses during the season.
It noted “several systems produced complex and geographically dispersed loss patterns, adding to the challenge of event definition and loss development”.
This compares to the 2024/2025 cyclone season when ex-tropical cyclone Alfred’s A$1.6bn bill was all but a sliver of the pool’s ultimate losses for the period.
Australian Reinsurance Pool Corporation chief executive Christopher Wallace said the season “highlighted…the evolving complexity of cyclone risk” in “one of the most active [seasons] in recent years”.
Tropical cyclone Narelle produced the severest bill for the pool, worth A$113m.
