Reinsurance News
AXA Climate
Ecuador contracts first parametric insurance for climate-vulnerable farmers
23rd February 2026
Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming households against extreme rainfall and drought risk, marking a major milestone for the Tripartite Agreement Programme, a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Programme ... Read the full article
Senegal’s second-largest city secures parametric contract structured by AXA Climate
29th January 2026
Pikine, Senegal’s second-largest city with more than 750,000 inhabitants, has signed a parametric insurance contract against excessive rainfall, structured by AXA Climate, and insured by a consortium of Senegalese insurers, AXA Sénégal, ASKIA Assurances, and SUNU Assurances, reinsured by African Risk Capacity (ARC) Ltd. This insurance will enable Pikine to receive ... Read the full article
AXA Climate renews parametric insurance to safeguard marine protected areas
21st October 2024
AXA Climate has announced the renewal of parametric insurance coverage for 88 Marine Protected Areas (MPAs) in the Philippines. In partnership with Blue Alliance Marine Protected Areas and Howden, this initiative bolsters the financial stability of communities and ecosystems alike. It protects over 90,000 hectares of coral reefs and ensures the livelihoods ... Read the full article
AXA Climate renews parametric partnership with AXA México for mangroves protection
16th October 2024
AXA Climate, an arm of the global insurance group AXA, has renewed its partnership with AXA México and ClimateSeed this year to continue supporting a vital mangrove protection project. This collaboration aims to provide a parametric insurance product designed to safeguard both the community of fishermen and the vital ecosystems in ... Read the full article
AXA Climate introduces new Altitude platform to aid business adaptation to climate change
4th October 2024
AXA Climate, a division of the global insurance group AXA, has launched Altitude, an innovative platform aimed at helping businesses measure the impact of climate risks, create effective adaptation strategies, and comply with the Corporate Sustainability Reporting Directive (CSRD). According to Théophile Bellouard, Director of Altitude by AXA Climate, the platform ... Read the full article
AXA Climate partners with Reask on parametric windstorm insurance
14th March 2024
AXA Climate, the climate risk insurance broker, has strategically partnered with Reask, a provider of climate risk modeling solutions, to leverage its Metryc product to offer advanced parametric windstorm insurance solutions. The partnership leverages the Metryc product to offer parametric solutions based on precise location-level wind speed data following tropical cyclone ... Read the full article
AXA Climate appoints Behrmann Head of London Market & Private Public Partnerships
10th October 2023
Parametric insurance specialist, AXA Climate, has appointed Toby Behrmann as Head of London Market & Private Public Partnerships, based in London. In his new role, Behrmann will be tasked with utilising the power of the London Market to drive AXA Climate's purpose to make regenerative business universal and the Private Public ... Read the full article
WTW announces third renewal for MAR insurance programme, with AXA climate as provider
1st June 2023
The Mesoamerican Reef Fund and WTW have announced the appointment of AXA Climate as the insurance capacity provider that will support the MAR Insurance Programme in its third annual placement with financial support from the InsuResilience Solutions Fund and the United Nations Development Programme, building on earlier support from the ... Read the full article
AXA Climate & Planet extend partnership to boost drought insurance program
11th May 2023
Planet Labs PBC has extended its partnership with AXA Climate to offer continued satellite data-driven insights for the development of parametric insurance products. According to Planet, it owns and operates the largest fleet of Earth observation satellites in history, with approximately 200 satellites currently in orbit. The firm states that it collects ... Read the full article
AXA Climate launches new functionality on its Altitude platform
12th April 2023
AXA Climate, an entity of the AXA group dedicated to climate and environmental adaptation, has launched a new functionality on its Altitude platform, aimed at providing private equity investors with a comprehensive assessment of climate, carbon and nature related risks. The Altitude platform allows asset management companies to gain a clear ... Read the full article
Belize first to receive payout by MAR Fund after Hurricane Lisa triggers parametric policy: WTW
11th November 2022
The country of Belize is set to receive a payout of $175,000 after Category 1 Hurricane Lisa triggered its parametric policy under the Mesoamerican Reef (MAR) Insurance Programme, reports insurance and reinsurance broker WTW. Launched in June of last year via a partnership between WTW and the Mesoamerican Reef Fund, ... Read the full article
WTW adds Munich Re & AXA Climate as capacity providers for expanded reef project
5th July 2022
WTW, along with the Mesoamerican Reef Fund (MAR Fund) and the InsuResilience Solutions Fund has appointed Munich Re and AXA Climate as the insurance capacity providers that will support the MAR Insurance Programme, a central pillar of MAR Fund’s Reef Rescue Initiative. Using a model designed by WTW that captures the ... Read the full article
AXA Climate and Hailios partner up for new territories
21st June 2022
AXA Climate is to partner up with Hailios to expand its Hail Protection parametric insurance product into new countries. After an initial offering in North America, AXA Climate said it had begun to expand into France and Australia, calling Hailios a ‘key partner’ in making the expansion happen. In new markets, ... Read the full article
La Niña remnants to increase 2022 hurricane risk: AXA Climate
11th April 2022
Analysts at AXA Climate are forecasting an enhanced risk for hurricanes for the 2022 season due to remnants of La Niña that will last into the coming months. Continued La Niña conditions had not been expected until a few weeks ago, with the NOAA having predicted a 30% chance of an ... Read the full article
CoreLogic partners with AXA Climate on Hail Protection product
11th January 2022
Catastrophe risk modeller CoreLogic has been selected to expand the Hail Protection product designed by AXA Climate, the specialist parametric risk transfer division of AXA. The product has been designed to help businesses recover from financial losses such as property damage or business interruption following a hail event. After the launch of ... Read the full article
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