Reinsurance News
climate risk
Climate risk related insurance and reinsurance news and analysis.
The impacts of climate related risks are a key topic for the insurance and reinsurance industry, while providing risk transfer solutions to hedge against and protect from climate risk related losses is an important area of innovation for the market.
US flood exposure points to large potential uninsured losses and credit pressure for local govs: Moody’s Ratings
27th May 2026
An assessment by Moody’s Ratings, authored by Jennifer Chang, Senior Vice-President for Sustainable Finance Credit, and Firas Saleh, Director of North American Flood Models, evaluates residential flood exposure across the United States and finds substantial gaps between insured and uninsured losses at county level under different flooding scenarios. Moody’s Ratings indicates ... Read the full article
Generali and ECMWF formalise European partnership on climate risk and resilience
18th May 2026
The European Centre for Medium-Range Weather Forecasts (ECMWF), the European intergovernmental organisation specialising in weather and climate forecasting, has entered into a Memorandum of Understanding with international insurer and asset manager Generali to expand the use of quality-assured climate information in support of climate risk resilience across Europe. The agreement strengthens ... Read the full article
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
Aon updates Climate Risk Monitor 3.0 to assess heat stress and rising cooling demand
12th May 2026
Aon, a global professional services firm focused on risk and insurance-related advisory, has released an updated version of its Climate Risk Monitor platform, enhancing its ability to quantify physical climate risks and support decision-making across industries. The latest release, CRM 3.0, introduces Heat Stress analytics that assess how combinations of temperature, ... Read the full article
Insurers seen as broadly resilient under severe climate disaster stress tests: S&P
6th May 2026
S&P Global Ratings, a global credit rating agency that assesses the creditworthiness of organisations and financial instruments, has said the insurance sector continues to face rising losses from extreme weather, while still showing strong overall financial resilience under severe stress scenarios. In a report published on 4 May 2026 entitled Charts ... Read the full article
JBA Risk Management releases global climate change flood mapping suite
23rd April 2026
JBA Risk Management, a specialist company focused on flood hazard modelling and climate risk analytics, has introduced a new suite of global flood maps that incorporate climate change projections. The tools are designed to help insurers, investors, corporates, and other stakeholders assess how physical flood risk may shift over time. According to ... 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
Climative introduces insurance platform to turn climate risk insight into practical action
30th March 2026
Climative, a property-level climate intelligence firm, has introduced a new insurance-focused platform aimed at helping insurers communicate climate risk to homeowners in a clearer and more practical way. The company, which specialises in translating complex environmental data into property-specific insights, says the platform is designed to support both insurers and homeowners ... Read the full article
‘Perfect time’ for climate-tech focus, says Dickson as OAK Global unveils new unit
24th March 2026
OAK Global is targeting the increasingly interconnected risks of climate and technology with the launch of OAK Horizon, a new underwriting unit designed to channel capital into emerging exposures, as CUO Tom Dickson points to a narrowing window to address rising volatility across sectors, including food security, energy and ... 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
Four leading development risk pools consider joint reinsurance and risk finance platform
2nd March 2026
The four leading development insurer parametric risk pools — Pacific Catastrophe Risk Insurance Company (PCRIC), African Risk Capacity (ARC), Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and Southeast Asia Disaster Risk Insurance Facility (SEADRIF) — have agreed to examine the feasibility of a shared risk finance and reinsurance platform designed ... Read the full article
Recognition of nat cat adaptation could strengthen EU insurers’ solvency ratios: Fitch
26th February 2026
Fitch Ratings, the credit rating agency, says that solvency capital ratios for insurers in the European Union with meaningful property exposures could edge higher if the European Insurance and Occupational Pensions Authority advances proposals to reflect natural catastrophe adaptation measures more directly within the standard formula framework. The agency regards the ... Read the full article
Solomon Islands records first climate risk insurance payouts following January heavy rainfall
24th February 2026
The Central Bank of Solomon Islands (CBSI), the country’s monetary authority responsible for maintaining financial stability and supervising the banking sector, has successfully completed the first payouts under Solomon Islands’ climate risk parametric insurance programme. The payments were triggered by the heavy rainfall event in January 2026 and were processed through ... Read the full article
Flood risk intensifies as insurance protection lags across the US: Triple-I
18th February 2026
The Insurance Information Institute (Triple-I), a US-based trade association representing the insurance industry and providing research and data on risk trends, reports that 2025 saw a rapid succession of deadly floods across the country, underscoring the increasing threat of inland and flash flooding and the continuing importance of adequate flood ... Read the full article
S&P Global Energy and Verisk partnership to help bridge climate risk intelligence gaps
17th February 2026
S&P Global Energy has announced a new data-sharing collaboration with Verisk, a global data analytics and technology provider to the insurance industry, designed to deliver climate catastrophe exposure data and insights to both the financial and insurance sectors. A division of S&P Global, S&P Global Energy provides essential data, price benchmarks, ... 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.
