insurance

Extratropical windstorm Nils, also known as Ulrike, battered the Nouvelle-Aquitaine and Occitanie regions in southwest France in mid-February, causing insurance industry losses of €586 million, according to an initial estimate from catastrophe data aggregator, PERILS.

Aon, the global insurance and reinsurance broking group, has expanded its Automated Event Response (AER) service to include US severe convective storms (SCS), further assisting carriers to manage losses from what Aon describes as the costliest insured peril of the 21st century on a cumulative basis.

The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, which is designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery.

A new report from Cotality warns that hailstorms can now produce insured losses comparable to a category 4 hurricane, with the firm highlighting that hail is beginning to shift from a secondary peril to a major driver of catastrophe losses, with implications for homeowners, carriers and reinsurers across the property market.

Flood specialist JBA Risk Management has launched an enhanced version of its Global Flood Model, which introduces a variety of key features, such as enhanced hazard maps, a wide range of future climate event sets, and improvements to both processing speed and exposure disaggregation.

Arrow Global, a pan-European investment manager specialising in private credit and real estate, has launched a new business vertical called Arrow Global Insurance (AGI), designed to capitalise on institutional investment opportunities across the insurance value chain. This new vertical acts as a strategic extension of its investment platform and includes the launch of reinsurer Halldora […]

CRC Group, a wholesale insurance services provider, is leveraging the insurance-linked securities (ILS) market to bring capacity to support data center capabilities, which comes as the firm has launched a data centers product on its Insurisk platform.

As per a new report from reinsurance broker Gallagher Re, the severe convective storm (SCS) outbreak that swept across the central and eastern United States between March 15 to 16 is expected to generate around $1 billion in industry losses, marking the second billion-dollar plus industry US SCS event to occur within the span of […]

According to a new report from Swiss Re Institute, whilst global insured losses in 2025, at US $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including severe convective storms (SCS), wildfires, and floods, accounted for a record 92% of the total.

In a world where competition for capital continues to accelerate, the Lloyd’s insurance and reinsurance market aims to create more flexibility for capital entering and investing there, recognising that its unique structure can help allocators access more risk per unit of capital than elsewhere.