Reinsurance News

Analysts from KBW have said that reinsurance executives they met with recently are mostly expecting the June 1 renewals to see property catastrophe rates down around 10% on a risk-adjusted basis, but with significant variation by layer and top-layers where catastrophe bonds and industry-loss warranties (ILWs) sit to see larger declines.

Due to the extensive tornado, hail, and wind damage across the central and eastern United States, global insurance and reinsurance broker Aon has indicated that a recent outbreak could be among the most expensive severe weather events in U.S. history on an inflation-adjusted basis.

Third-party investor capital under management at Bermudian global reinsurer RenaissanceRe’s Capital Partners division rose by roughly $770 million in the year to March 31st 2025, taking the total to a new high of $7.94 billion.

Descartes Underwriting has strengthened its leadership team with the appointments of Sophie Bassoulet as Head of Operations and Kelly Collet-Jones as Claims Manager, as the company continues its global expansion in corporate parametric insurance.

Parametric natural catastrophe and weather risk transfer rates are forecast to be flat to -5% down, with capacity levels continuing to increase but so too are opportunities, as the focus continues to move beyond peak perils, according to WTW, the parent of insurance and reinsurance broking group Willis.

Catastrophe bonds and other private market risk-transfer tools are essential to help Europe’s agriculture sector manage mounting climate risks, according to Howden, as annual weather-related losses are expected to rise to €40 billion by 2050.

Global broker Aon and risk modelling, data and analytics specialist Moody’s Insurance Solutions have announced an expanded casualty reinsurance collaboration, with part of the goal being to help capital more efficiently allocate to casualty risk.

Efficiently structured insurance-linked securities (ILS) transactions are playing a pivotal role in reducing capital costs for re/insurers, according to risk capital and reinsurance solutions broking firm Augment Risk.

Italian insurance and financial services group Unipol is aiming to secure a new aggregate reinsurance cover this year, as the company becomes the latest to look to better protect its earnings against smaller, more frequent severe weather and catastrophe events.

Liberty Mutual Reinsurance (LM Re), the reinsurance arm of the insurance group, has launched a new parametric agriculture product designed to protect Colombian farmers against flood and drought risks, two major weather perils that continue to devastate the country’s agricultural sector.