Reinsurance News
natural catastrophes
EU‑wide risk‑sharing framework to help address nat cat insurance protection gap: Morningstar DBRS
14th April 2026
The European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM), have announced a proposal for a Europe‑wide risk‑sharing framework to address the natural catastrophe insurance protection gap while safeguarding private‑sector involvement. Released on 9 April 2026, the proposal arrives at a pivotal moment, as escalating climate driven ... Read the full article
Howden Re to provide comprehensive volcanic risk modelling for Spain with Mitiga extended partnership
31st March 2026
Global reinsurance broker Howden Re has extended its ongoing collaboration with Mitiga Solutions to enhance Spain’s national approach to assessing volcanic risk. The partnership applies Mitiga’s proprietary volcanic catastrophe models to the Canary Islands, providing a more sophisticated understanding of potential geological threats. The initiative is being developed within Howden Re and ... Read the full article
Rising CPI driven by geopolitical volatility to amplify future peak loss costs, warns Swiss Re
19th March 2026
As the world navigates significant geopolitical uncertainty and volatility, oil price developments driven by the ongoing conflict in the Middle East are expected to push consumer price inflation (CPI) higher, potentially increasing insured losses in a peak loss event, according to Swiss Re's Group Chief Economist, Jerome Jean Haegeli. Current tensions ... Read the full article
SCOR will ‘cautiously try to expand’ NA nat cat portfolio if prices remain adequate: CEO Léger
6th March 2026
Global Paris-headquartered reinsurance company SCOR is eager to expand its North America (NA) natural catastrophe (nat cat) portfolio so long as pricing remains adequate, Thierry Léger, Chief Executive Officer, said on the firm’s media call earlier this week. SCOR delivered a strong performance in the fourth quarter and full year ... Read the full article
PERILS places first industry loss estimate from Victoria Bushfires at AU$786m
26th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has provided its first insurance industry loss estimate for the Victoria Bushfires, which took place from 7 to 13 January 2026 at AU$786 million. The PERILS estimate of the insurance market loss for the event is based on loss data collected from the affected ... Read the full article
Primary insurers to absorb up to $7bn Winter Storm Fern industry loss: Fitch
6th February 2026
Credit ratings agency, Fitch Ratings, expects Winter Storm Fern to incur insured losses of between $4 billion and $7 billion, with primary insurers poised to absorb the event as while damaging, Fitch notes that it was not large enough to reinsurance attachment points. Fern caused subfreezing temperatures, heavy snow, and freezing ... Read the full article
Floods in Malawi and Mozambique trigger REPAIR’s parametric coverage
30th January 2026
The floods devastating Malawi and Mozambique have triggered the Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme’s prametric trigger, resulting in a disbursement of over $22.3 million within seven business days to support urgent national flood response operations in the countries, enabling governments to mobilise immediate relief. As participating ... Read the full article
Insured cat losses drop by $40bn in 2025, but good luck no substitute for sound strategy: WTW
29th January 2026
A new report from Willis, a WTW business, with contributions from Willis Re, has revealed that natural catastrophes generated more than $100 billion in insured losses in 2025, marking the sixth consecutive year above that threshold and underscoring the continued severity and persistence of natural catastrophe risk even in the ... Read the full article
Insured losses from Victorian Bushfires cross AU$200m from 3,123 claims: ICA
28th January 2026
After the recent escalation from a significant event declaration to an Insurance Catastrophe, the Insurance Council of Australia (ICA) has confirmed that insured losses from the devastating Victorian bushfires have crossed AU$200 million across 3,123 claims. This claims count includes property, motor, commercial, and business interruption claims, with 30% of ... Read the full article
2025 insured nat cat losses to exceed $100bn but down 24% year-on-year: Swiss Re
16th December 2025
2025 insurance and reinsurance industry losses from natural catastrophes are expected to exceed $100 billion for the sixth consecutive year, but at an estimated $107 billion, the total is 24% lower than the $141 billion seen in 2024, and 3% below the 10-year average of $111 billion, according to Swiss ... Read the full article
Gallagher Re partners with NTU Singapore to establish Asia Hazards Program
10th November 2025
Global reinsurance brokerage Gallagher Re has strategically partnered with Nanyang Technological University, Singapore (NTU Singapore), ranked among the world’s top universities, to establish the Gallagher Re Asia Hazards Program and co-fund three PhD scholarships. The program was launched in partnership with the Asian School of the Environment (ASE) and the Earth ... Read the full article
ICA extends SE 254 declaration to Severe Spring Storms as claims reach 26k
5th November 2025
The Insurance Council of Australia (ICA) has expanded the timeframe and postcodes of its most recent Significant Event declaration, to include the hail and strong winds that impacted south-east Queensland between 31st October, Friday and 2nd November, Sunday. So far, it has resulted in 25,980 claims with damage varying in severity, ... Read the full article
Hurricane season has little impact on European reinsurance shares: Autonomous reports
12th September 2025
Joseph Theuns, CFA at Autonomous, examines one of the most common assumptions in insurance investing: that the Atlantic hurricane season consistently weighs on reinsurer and London Market insurer share prices. In a detailed examination of two decades of data, Theuns shows that hurricanes, even the most destructive, have rarely produced the ... Read the full article
Reasonable balance in nat cat risk sharing between re/insurers: Swiss Re’s Baertschi
8th September 2025
During the 2025 Rendez-Vous de Septembre (RVS) in Monte Carlo, Urs Baertschi, CEO Property & Casualty Reinsurance at Swiss Re, said that there is a reasonable balance between insurance and reinsurance companies around risk sharing for natural catastrophes. Baertschi said, “Right now, the risk sharing between insurance companies and reinsurance companies ... Read the full article
Howden Re and Reask partner to address emerging risks in Europe
8th September 2025
Howden Re, the global reinsurance broking arm of Howden Group, has partnered with Reask, a provider of climate-driven modelling solutions to enhance insurers’ ability to assess and manage the growing impact of emerging perils in France and the UK. The pair's collaboration highlights a broader shift: as climate risk intensifies, modelling ... Read the full article
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