Reinsurance News
catastrophe
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
India’s insurance market set for strong mid-term expansion: Swiss Re
19th January 2026
According to Swiss Re, a global reinsurer, India’s insurance market is poised for a period of robust growth, outpacing other major markets over the next five years. Swiss Re’s report, "India's economic and insurance market outlook 2026-2030: resilient and rising amid global shifts," forecasts mid-term annual premium growth of 6.9% between ... Read the full article
Willis Re adds Megan Hart to strengthen catastrophe and climate risk analytics
9th January 2026
Willis Re, a specialised reinsurance broking joint venture between Bain Capital (BCIS) and WTW, has announced the addition of Megan Hart to strengthen its reinsurance analytics capabilities across catastrophe and climate risk management. Hart brings more than 12 years of industry experience in reinsurance analytics, with deep expertise in catastrophe risk and ... Read the full article
Competition to challenge property reinsurers’ hard market insulation: USI
7th January 2026
The competitive environment will undoubtedly erode some of the insulation reinsurers enjoyed during the hard market, according to USI Insurance Services’ 2026 Commercial Property & Casualty Market Outlook Report. As the market shifts, the current rates, attachment points, and terms that reinsurers have fought to maintain are facing significant challenges from ... Read the full article
Parametric reinsurance gains momentum as Jamaica sees rapid hurricane payouts
11th November 2025
Willis Re, a specialised reinsurance broker, reports that two parametric risk transfer deals have recently drawn attention after confirming swift payouts to Jamaica. Hurricane Melissa activated the country’s $150 million World Bank sovereign bond, which had notably defaulted after Hurricane Beryl the previous year. At the same time, the Caribbean Catastrophe ... Read the full article
SCOR sees opportunities to grow in US cat at 1/1: Jean-Paul Conoscente
31st October 2025
Jean-Paul Conoscente, Chief Executive Officer of SCOR P&C, said the French reinsurer views the US catastrophe market as attractive, with opportunities to grow given the current level of price adequacy. During SCOR’s Q3 2025 results call, Conoscente emphasised that the company does not regret its decision to increase its risk appetite ... Read the full article
Moody’s estimates $6tn in US GDP losses from climate and natural disaster risks by 2050
1st October 2025
Moody’s has released a detailed assessment of the potential economic and financial consequences of natural catastrophes and physical risk by 2050. Their findings indicate that, without additional policy interventions, the global economy could incur $41.4 trillion in losses, representing 14.5% of projected global GDP. According to Moody’s, around two-thirds of these losses ... Read the full article
KCC launches RiskInsight 4.15 to support efficient catastrophe risk modelling
17th September 2025
Karen Clark & Company (KCC), a catastrophe risk modelling firm that provides services to the insurance and reinsurance industry, has announced the release of RiskInsight Version 4.15, the latest iteration of its open loss modelling platform. This version introduces substantial system and performance enhancements, improving speed, scalability, and computational power for ... Read the full article
Allstate estimates $184m in catastrophe losses for July
21st August 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $184 million or $145 million, after-tax for July. The company reported that the cat losses stemmed from 19 wind and hail events. By comparison, estimated catastrophe losses for July 2024 were much ... Read the full article
CatIQ reduces 2024 Ontario flash flooding loss estimate by 9% to CAD 899m
16th July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 million. As a reminder, in July 2024, southern Ontario, including Toronto and the Greater ... Read the full article
SageSure appoints Prasad Gunturi as VP Catastrophe Risk R&D
20th June 2025
SageSure, a provider of catastrophe-exposed property insurance, has announced the appointment of Prasad Gunturi as Vice President (VP), Catastrophe Risk R&D. Founded in 2009, SageSure is a managing general underwriter focused on catastrophe-exposed markets in the U.S., offering home, flood, and commercial coverage on behalf of highly rated carrier partners. The ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
