Reinsurance News
modelling
Moody’s RMS launches new North America severe convective storm models
11th December 2025
Moody’s RMS has launched its new North America Severe Convective Storm HD Models at a time when recent industry events have highlighted the pressing need for more robust and reliable risk modelling. According to the firm, in the last three years, U.S. insured losses from severe convective storms (SCS) have exceeded ... Read the full article
Secondary perils a “big opportunity for the reinsurance market,” says Karen Clark
5th September 2025
Advancements in risk modelling offer a big opportunity for the reinsurance market to better understand and price secondary perils, the co-founder and CEO of Karen Clark & Company (KCC), Karen Clark, shared in a recent interview with Reinsurance News ahead of the annual meeting of the reinsurance industry in Monte ... Read the full article
Fathom launches Global Flood Cat model
2nd October 2024
As large-scale flooding increasingly contributes to global insured losses, accounting for $14 billion of 2023's insured nat cat loss total, according to reinsurer Swiss Re, flood risk intelligence firm Fathom has launched Global Flood Cat, a catastrophe model for comprehensive flood risk assessment. Built upon Fathom's Global Terrain Data, FABDEM+ and ... Read the full article
One of the biggest problems we have as an industry is coverage: ConnectUW CEO
17th September 2024
There are numerous issues from the soft market era that have not been addressed in the current market, and until they’ve been properly attended to, the re/insurance industry is going to end up where it started, according to Group CEO and CUO of Connect Underwriting, Jamil Elbahou. ConnectUW is a specialist ... Read the full article
London market clarifies marine cyber clause to address aggregation risk
19th June 2024
The Joint Excess Loss Committee of the Lloyd's Market Association (LMA), an organisation that represents the interests of the Lloyd's underwriting community, and the International Underwriting Association (IUA), which represents international and wholesale insurance and reinsurance companies operating in the London Market, hosted a well-attended session at Lloyd’s Old Library. They ... Read the full article
Mike Conway named CFO at Truist Insurance Holdings
12th June 2024
Truist Insurance Holdings (TIH), an insurance brokerage in the US, announced recently the appointment of Mike Conway as Chief Financial Officer (CFO), effective June 10. Conway brings over 30 years of experience in leading large, complex business organisations in global finance and operations. “With his strong finance background, Mike is a proven ... Read the full article
hyperexponential and Send partner to transform insurance pricing ecosystem
12th June 2024
hyperexponential, a company specialising in pricing decision intelligence solutions, and Send, a provider of underwriting workbench capabilities, have joined forces in a partnership which integrates their technologies to create a comprehensive pricing ecosystem tailored for insurers. This collaboration enables users of hyperexponential’s hx Renew platform to seamlessly connect with Send’s underwriting ... Read the full article
NOAA & NSF to combine climate & catastrophe models at new research center
19th May 2023
The National Oceanic and Atmospheric Administration (NOAA) and the National Science Foundation (NSF) have announced the creation of an Industry-University Cooperative Research Center (IUCRC) focused on modelling catastrophic impacts and risk assessment of climate change to "help better support the needs of the insurance sector." NOAA Chief Scientist, Sarah Kapnick, PhD, ... Read the full article
Coalition releases new method for modelling aggregate cyber risk
22nd March 2023
Cyber insurance provider Coalition has released its new Active Cyber Risk Model, a framework for understanding cyber risk aggregation that provides an ongoing view into organisations’ cyber risks and identifies preventive measures to protect against new threats. The Active Cyber Risk Model, which offers a more accurate picture of cyber risk ... Read the full article
Industry should “absolutely” move to less model dependency, says Amwins’ Bernacki
24th January 2023
Given the continued ‘model miss’ of the recent catastrophes, Mark Bernacki, Chief Underwriting Officer of Amwins, has suggested that the industry should “absolutely” move to less model dependency. In his interview with Reinsurance News, Bernacki gave a definitive “yes”, when asked whether it was time to move on, citing the increased ... Read the full article
Hybrid re/insurance model becoming more popular in Bermuda, says S&P
1st September 2022
Most Bermudian re/insurers have adopted a hybrid model as a common solution to volatility, says a recent S&P report. Several years of obstacles, which have included a barrage of catastrophic events, the COVID-19 pandemic, rising inflation, and the ongoing Russia-Ukraine conflict have exacerbated losses for the global insurance industry. Yet with any ... Read the full article
Shift to physical exposure based models is essential: Convergence 2020
8th October 2020
While catastrophe vendor models have an important place in the insurance and reinsurance industry, the influence of climate change suggests it's essential to leverage more physical exposure based models, according to industry experts. On the opening day of the virtually held 2020 ILS Bermuda Convergence event, climate change took centre stage ... Read the full article
Nat cat modelling more mainstream and better understood than ever: CoreLogic
9th October 2018
Natural catastrophe modelling has become a more mainstream practice built into the workflow of major insurance companies and moved past being viewed as merely “scientists in a backroom”, according to William Forde, Senior Director of Insurance and Spatial Solutions at CoreLogic. Speaking alongside the firm’s Principal & Chief European Scientist, Ivan ... Read the full article
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