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.
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
Beazley survey finds risk convergence driving insurance investment in 2026
12th February 2026
Specialist insurer Beazley has found that businesses worldwide are navigating a more interconnected risk environment in 2026, with technology and geopolitical pressures emerging as the joint leading concerns. In its latest Risk & Resilience survey, Beazley reports that organisations are responding by embedding insurance and structured risk management more deeply into ... Read the full article
Severe weather in Andalusia tests Spain’s agricultural insurance framework: Morningstar DBRS
12th February 2026
Morningstar DBRS, the credit ratings agency, has stated that severe and persistent weather events in southern Spain are adding pressure to the country’s agricultural insurance framework, while leaving private insurers largely insulated from material losses. In its latest commentary, Morningstar DBRS highlighted that Andalusia, which it rates A (high) with a ... Read the full article
2025 insured cat losses total $129bn, with US accounting for 78%, says Gallagher Re
21st January 2026
Gallagher Re, the reinsurance broking and advisory firm, released its full-year Natural Catastrophe and Climate Report for 2025, reporting that global natural catastrophe losses during 2025 were largely manageable for the re/insurance sector, with total insured losses for the year estimated at USD 129 billion, which is around 5% below ... 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
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.
