Reinsurance News
catastrophe
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
Q1’25 property claims hit five-year low despite severe weather: Verisk
19th June 2025
According to Verisk’s Quarterly Property Report, claims volume continued to decline in the first quarter of 2025, reaching a five-year low despite significant weather events in several regions. The quarter ended with a total of 1,059,323 claims, comprising 700,394 non-catastrophe (non-CAT) claims—the lowest in five years—and 358,929 catastrophe (CAT) claims. Overall claim ... Read the full article
Keeping high attachment points is key: Vickers, Gallagher Re
6th February 2025
In a recent video interview with Reinsurance News, James Vickers, Chairman of Gallagher Re’s International division, emphasised the importance of attachment points for reinsurers, particularly in the face of increasing frequency of non-peak catastrophe events. Vickers noted that while rate has historically been a primary focus, the ... Read the full article
Global reinsurer profitability to remain strong in 2025 despite price reductions, says Fitch
15th January 2025
Fitch Ratings, a provider of credit ratings, research, and risk analysis, has forecasted that global reinsurers' profitability will remain strong in 2025, despite lower risk-adjusted prices for most business lines during the January 1st reinsurance contract renewals. These price reductions are attributed to an abundance of capital in the market and ... Read the full article
Belize receives parametric payout from CCRIF SPC after November rains
23rd December 2024
The Government of Belize received $805,794 under one of The Caribbean Catastrophe Risk Insurance Facility (CCRIF) SPC’s Wet Season Trigger, a recently introduced policy endorsement. From November 16th to 18th, the coastal area of northern Belize received rainfall due to Tropical Cyclone Sara, occurring after a period of significantly above the ... Read the full article
PERILS revises insured loss estimate for southern Germany floods to €1.58bn
6th December 2024
Zurich-based catastrophe insurance data provider PERILS has revised its industry loss estimate for the third time, confirming the total cost of the floods in southern Germany, which occurred between May 31st and June 6th, 2024, at €1,582 million. To recap, southern Germany experienced severe flooding in the states of Baden-Wuerttemberg and ... 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.
