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.
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
Climate risks expose re/insurance protection gaps in global supply chains: SEI
20th January 2026
Global supply chains are increasingly exposed to climate-related disruptions, revealing protection gaps in re/insurance and underscoring the need for stronger adaptation, improved data, and coordinated public–private governance, according to a recent report by Stockholm Environment Institute (SEI). Climate-related disruptions of international supply chains pose a major systemic risk. In Europe, for ... Read the full article
WWF warns nature loss is widening protection gap in advanced economies
19th January 2026
The World Wide Fund for Nature (WWF), an international conservation organisation working on environmental protection and sustainable development, has published a new white paper titled “Tackling the Insurance Protection Gap: leveraging climate and nature to increase resilience”. According to WWF, the paper warns that degrading ecosystems are increasing climate-related risks and ... Read the full article
Expanding insurance coverage could strengthen societies and boost sustainability: WEF
15th January 2026
Ludovic Subran, Chief Investment Officer at Allianz, and Christian Kroll, Visiting Professor at the London School of Economics (LSE), highlight in a World Economic Forum report that the insurance industry has a central role to play in addressing climate risks, economic instability, and social inequalities. The Forum notes that while ... 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
Cytora partners with Climatig to embed science-backed climate risk intelligence for commercial insurers
8th January 2026
Cytora, a digital risk processing platform for the insurance industry, has partnered with Climatig, a provider of an innovative solution for calculating detailed physical climate risks. This integration embeds Climatig’s advanced climate analysis directly into the Cytora platform, allowing insurers immediate access to science-backed intelligence at the point of decision making. This ... Read the full article
Triple-I reports early signs of stabilisation in US homeowners insurance market
29th December 2025
According to the Insurance Information Institute (Triple-I), a US-based insurance industry research and education organisation, rising premiums and tighter coverage options continue to challenge household budgets across the country. At the same time, Triple-I reports that the homeowners insurance market is beginning to show early signs of stabilisation, even as affordability ... Read the full article
Pre-arranged disaster finance hits record high, Centre for Disaster Protection finds
17th December 2025
The Centre for Disaster Protection, an independent organisation working to strengthen the way the global system finances responses to climate and disaster shocks, has published new analysis showing that pre-arranged disaster risk finance has expanded rapidly worldwide, while the poorest and most fragile countries continue to receive only a small ... Read the full article
Aon provides enhanced access to Latin America catastrophe models via Oasis LMF
11th December 2025
Aon plc, a professional services firm, has announced that its Impact Forecasting team is now providing ERN’s Latin America catastrophe models to clients through the Oasis Loss Modelling Framework (Oasis LMF). Latin America is emerging as a key region for re/insurers seeking portfolio diversification. Although the region faces climate-related hazards, its ... Read the full article
Ortec Finance warns insurers of mounting climate-driven financial pressures
10th December 2025
Ortec Finance, recognised for its technology and risk-management expertise within the financial sector, has issued new findings that underscore how rapidly climate pressures are reshaping the insurance industry’s financial outlook. The company’s research concludes that insurers will need a fundamental shift in their investment strategy if they intend to protect their ... Read the full article
CCRIF introduces Livelihood Protection Policy to support vulnerable groups after severe weather events
4th December 2025
CCRIF, a regional risk pooling organisation that provides parametric insurance to Caribbean and Central American governments, has introduced the Livelihood Protection Policy (LPP) in Jamaica as the country continues to deal with the aftermath of Hurricane Melissa. The storm left thousands of low income Jamaicans facing significant challenges in restarting their ... Read the full article
UK insurers integrate sustainability as core risk but seek regulatory clarity to drive greater impact
26th November 2025
The UK insurance sector is making notable strides in embedding sustainability across investment, underwriting and risk management, according to Insurers for Purpose – Navigating sustainability integration across the insurance sector, a report by Pensions for Purpose commissioned by Federated Hermes, Fidelity International, Gresham House, Mercer, SAIL Investments and Solas Capital. The ... Read the full article
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