Reinsurance News
catastrophe modelling
Catastrophe modelling is a critical piece of the insurance and reinsurance market chain and product offering. Using catastrophe risk models, insurers and reinsurers analyse risks to inform their pricing and risk appetites.
Read our catastrophe modelling insurance or reinsurance related news and analysis below.
Willis and Cornell University collaborate on research into correlated catastrophe risk
15th May 2026
Willis, a global insurance broker and risk advisory firm, has announced a new scientific collaboration with researchers at Cornell University and the Atkinson Center for a Sustainable Future. The partnership, introduced by Willis, is focused on identifying emerging risks linked to correlated natural catastrophes. Supported by an initial one-year funding agreement, ... Read the full article
Renew Risk introduces US severe storm model for solar insurance market
8th May 2026
Renew Risk, a specialist provider of renewable energy risk analytics and catastrophe modelling solutions, has announced the launch of its US SCS Model, which the company says is the first modelling platform developed specifically to assess severe convective storm risk for solar farms in the United States. Renew Risk stated that ... Read the full article
Travelers plans to expand homeowners insurance availability across California
27th April 2026
Large US primary insurer, The Travelers Companies, Inc., has notified the California Department of Insurance (CDI) of its intention to expand the availability of homeowners insurance across the state by voluntarily participating in California’s Sustainable Insurance Strategy (SIS). The initiative, which is being championed by Ricardo Lara, the state's Insurance Commissioner, allows ... Read the full article
Gallagher Re says April US storm outbreaks to exceed $1bn in insured losses
24th April 2026
Gallagher Re, a global reinsurance broker and risk advisory firm, reports that a series of severe convective storm (SCS) outbreaks across central and eastern parts of the United States in April 2026 is expected to result in insured losses exceeding USD 1 billion. The broker attributes the losses primarily to large ... Read the full article
Aon reports increasing climate risk from flood and drought in 2026 CCI findings
22nd April 2026
Aon plc, a global professional services firm, states that evolving flood and drought patterns are reshaping risk profiles across global insurance and reinsurance markets, according to its 2026 Climate and Catastrophe Insight (CCI) report released ahead of Earth Day. Drawing on its catastrophe data and forward-looking climate modelling, Aon reports that ... Read the full article
Renew Risk launches specialist offshore windstorm models to transform risk assessment across Europe
9th April 2026
Renew Risk, a specialist provider of risk analytics for renewable energy assets, has announced the release of its UK & Ireland Windstorm Model (UKWS) and European Windstorm Model (EUWS), marking the first catastrophe models in these regions specifically engineered for offshore wind farms. The company positions these tools as a major ... Read the full article
KatRisk expands global catastrophe modelling capabilities with RED acquisition
7th April 2026
KatRisk, a provider of catastrophic risk modelling software to the insurance and financial services industries, has acquired RED, a specialist provider of catastrophe models, including earthquake, flood, landslide, and wind risk models. This acquisition accelerates the development of a high-fidelity U.S. earthquake model and strengthens a multi-peril catastrophe modeling portfolio for ... Read the full article
Howden Re to provide comprehensive volcanic risk modelling for Spain with Mitiga extended partnership
31st March 2026
Global reinsurance broker Howden Re has extended its ongoing collaboration with Mitiga Solutions to enhance Spain’s national approach to assessing volcanic risk. The partnership applies Mitiga’s proprietary volcanic catastrophe models to the Canary Islands, providing a more sophisticated understanding of potential geological threats. The initiative is being developed within Howden Re and ... Read the full article
SageSure appoints Dave PaiMazumder as Director of Catastrophe Risk R&D
27th March 2026
SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has announced the appointment of Dave PaiMazumder as Director of Catastrophe Risk R&D. In his new role, PaiMazumder will lead SageSure’s catastrophe risk research agenda, advancing model evaluation, shaping proprietary views of risk, and integrating climate and emerging scientific insights into how ... Read the full article
Renew Risk appoints Joshua Macabuag as Chief Executive Officer
18th March 2026
Renew Risk, a specialist provider of analytics focused on risks affecting renewable energy assets, has named Joshua Macabuag OBE FREng as its new Chief Executive Officer. The company develops catastrophe risk models and data tools designed to support the insurance and energy sectors in assessing and managing risks linked to renewable ... Read the full article
BirdsEyeView introduces cat exposure and risk analytics modelling platform, CERA
17th March 2026
BirdsEyeView, a European Space Agency-backed insurtech specialising in natural catastrophe modelling and exposure management, has launched CERA, an enhanced ‘Catastrophic Exposure and Risk Analytics’ platform. This aims to represent the next generation evolution of the firm's Hazard Modelling platform. The multi-peril platform incorporates the company’s latest street-level resolution North America and ... Read the full article
BirdsEyeView launches AI Data Scrubbing to streamline hazard modelling
5th March 2026
BirdsEyeView, a European Space Agency-backed Insurtech specialising in natural catastrophe modelling and exposure management, has launched AI Data Scrubbing, a new capability designed to automate Statement of Values (SOV) data cleaning and geolocation to support large-scale hazard modelling. AI Data Scrubbing uses advanced artificial intelligence (AI) to clean, standardise and geolocate ... Read the full article
Moody’s integrates Oasis SaaS into its Intelligent Risk Platform
12th February 2026
Moody's, a data, intelligence and analytical tools provider, has announced the integration of the newly launched Oasis Software as a Service Limited (Oasis SaaS) into its Intelligent Risk Platform (IRP). This collaboration aims to provide re/insurers and brokers with a unified, vendor-neutral environment for catastrophe modelling, addressing the industry’s growing need ... Read the full article
Oasis launches industry-owned not-for-profit cat modelling SaaS platform
10th February 2026
Oasis Loss Modelling Framework (Oasis LMF), a not-for-profit open source catastrophe modelling platform, has launched Oasis Software as a Service Limited (Oasis SaaS) - an industry-owned, vendor-neutral platform designed to preserve independence and choice. Oasis SaaS leverages its robust technology to target the delivery of enterprise-scale performance, while operating through an ... Read the full article
Industry losses from Winter Storm Fern could reach $4bn: Verisk
4th February 2026
Verisk, a global data analytics and technology provider to the insurance industry, has estimated insured industry losses to property and auto from Winter Storm Fern to reach $4 billion, largely driven by freeze impacts, with supplemental losses from wind and snow. The early results from Verisk’s updated U.S. Winter Storm Model ... Read the full article
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