Reinsurance News
catastrophe
PCRIC & UNDRR sign agreement to advance parametric solutions in the Pacific
12th October 2026
The Pacific Catastrophe Risk Insurance Company (PCRIC), a provider of parametric disaster insurance, and the United Nations Office for Disaster Risk Reduction (UNDRR) signed a Letter of Cooperation to strengthen their shared commitment to advancing disaster risk reduction and financial resilience across the Pacific region by advancing parametric insurance models ... Read the full article
El Niño could reshape catastrophe risk for insurers and reinsurers, Moody’s says
9th October 2026
The 2026 El Niño could alter catastrophe risk across multiple regions and perils, creating implications for insurers and reinsurers as they assess potential changes in insured losses, portfolio accumulation and diversification, according to Moody’s, the global risk assessment firm that provides credit ratings, research, data, and analytical tools for financial ... Read the full article
CRESTA updates global insurance risk zones across 140 countries
7th October 2026
CRESTA, an independent insurance industry organisation responsible for maintaining a global standard for risk accumulation zones, has published its 2026 zoning update, covering 140 countries. The organisation said the latest release incorporates updates to 4,863 low-resolution zones and 247,203 high-resolution zones. The changes follow consultation with the insurance industry and are ... Read the full article
Competition and capacity put APAC reinsurance margins under pressure, Fitch says
6th September 2026
Fitch Ratings, a global credit ratings and research agency, expects competition and abundant reinsurance capacity to put further pressure on margins across the Asia-Pacific market in 2026. The agency says the continued availability of capital is likely to weigh on pricing, with reinsurers potentially offering more favourable terms to selected portfolios. ... Read the full article
Reinsurance capital hit record $663bn in 2025 as cat risk budgets fall: AM Best and Guy Carpenter
26th August 2026
The global reinsurance sector is carrying more capital than ever while allocating a smaller proportion of that capital to catastrophe risk, according to new analysis from AM Best, a global credit rating agency and provider of insurance industry data and analysis. The report shows that dedicated reinsurance capital reached USD $663 ... Read the full article
Allstate estimates $682m in cat losses for July
20th August 2026
The Allstate Corporation, a US personal property and casualty insurer, has estimated catastrophe losses of $682 million, or $539 million after tax, for July 2026. The catastrophe loss estimate includes 23 events, with approximately 75% of the losses related to two wind and hail events. Allstate’s July estimate is an increase from ... Read the full article
EigenRisk expands catastrophe risk platform with Weatherwatch hail data
18th August 2026
EigenRisk, a provider of catastrophe risk management technology, has entered into an agreement with Weatherwatch, an Australian company specialising in storm and weather risk management services. The partnership will bring Weatherwatch’s hail event footprints into EigenRisk’s EigenPrism catastrophe risk management platform. The companies said the agreement is intended to provide insurance and ... Read the full article
Verisk acquires McKenzie Intelligence Services to enhance catastrophe event insights
29th July 2026
Verisk, a global data analytics and technology provider to the insurance industry, has acquired McKenzie Intelligence Services (MIS), a geospatial intelligence and event response company specialising in global real-time catastrophe and conflict event analysis. MIS offers both pre-event alerting and post-event exposure damage and quantification for catastrophic events, providing insurers, reinsurers, ... Read the full article
Bamboo Insurance adds California home insurance capacity through New MS Transverse partnership
21st July 2026
Bamboo Insurance, a property insurance provider specialising in coverage solutions for challenging markets, has announced a new partnership with MS Transverse Insurance Company to increase its admitted homeowners and dwelling fire insurance capacity across California. The collaboration provides around $150 million in additional admitted capacity and expands the range of options ... Read the full article
Patriot Select Property and Casualty Insurance completes $310m cat reinsurance programme
20th May 2026
Patriot Select Property and Casualty Insurance Company, a US-based property and casualty insurer, has confirmed the successful completion of its 2026 catastrophe reinsurance programme, which will take effect on 1 June 2026. The arrangement is intended to provide financial protection against hurricane losses and severe weather events, while remaining aligned with ... Read the full article
BMS Group integrates EigenPrism into iVision platform
2nd April 2026
BMS Group, an independent insurance and reinsurance broker, has partnered with EigenRisk to integrate the EigenPrism platform into its catastrophe risk management system, iVision. The integration introduces additional functionality to iVision’s GIS-based analytics, including real-time event data, expanded access to external data providers, and updated reporting features. These changes are intended ... Read the full article
Reinsurers largely in agreement that cat pricing will decline into 2027 absent a major event, say analysts
4th March 2026
Reinsurers at the 2026 annual conference of the American Insurance & Financial Analysts (AIFA) were broadly aligned that catastrophe pricing is likely to continue declining into 2027 unless a materially larger loss event disrupts capital. Analysts from Goldman Sachs, the investment bank and financial services firm, reports that brokers and carriers ... Read the full article
Universal advances 2026 reinsurance programme amid Florida market confidence
26th February 2026
Universal Insurance Holdings, the parent company of Florida-focused personal residential insurer Universal Property & Casualty Insurance Company, is taking a proactive approach to secure its catastrophe coverage for the coming years, reflecting a strong capital position and confidence in market conditions. Chief Executive Officer Stephen J. Donaghy said the company is ... Read the full article
Fitch Ratings: US P&C market to soften further in 2026 as competition intensifies
23rd January 2026
Fitch Ratings, the credit rating agency, expects the US property and casualty (P&C) insurance market to face continued softening through 2026. According to the analysis, the US P&C insurance market is set to become more competitive in 2026, with abundant capital and easing pricing continuing to weigh on premium growth. As rate ... Read the full article
Aon finds severe convective storms now dominate global insured losses
20th January 2026
Aon, a professional services firm, has published its latest Climate and Catastrophe Insight report, setting out how severe convective storms have become the most expensive insured hazard of the 21st century, overtaking tropical cyclones. Drawing on Aon’s global data, analytics and catastrophe modelling expertise, the report explains how the rising frequency ... Read the full article
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