insurance

Reinsurance broker Gallagher Re has estimated that a late August severe convective storm (SCS) and large hail outbreak across parts of western Europe will drive insurance industry losses of around EUR 2.5 billion.

Recognising the burgeoning interest in underwriting exposures related to the data center build-out, global data analytics and technology provider Verisk has announced the launch of a dedicated exposure database for these large risks in the United States.

According to Verisk, the global data analytics and technology provider, the insurance industry should be prepared to withstand an average $171 billion in annual natural catastrophe losses in any given year, according to the firm’s latest average annual losses (AAL) benchmark.

The Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company) has made payouts of USD 1.14 million to the Government of Lao PDR and the United Nations World Food Programme (WFP), after heavy rainfall and widespread flooding triggered both Lao PDR’s two-year parametric sovereign policy and WFP’s 2026 disaster resilience policy.

A wave of severe convective storms that swept across Germany, France, Switzerland, and Italy in Europe between 13th and 19th July 2026 are estimated to have caused an insurance industry loss of EUR 2.186 billion, according to catastrophe data aggregator PERILS AG.

Broker Marsh is aiming to bring alternative sources of insurance and reinsurance capital into the digital infrastructure risk transfer sector, through the launch of a $10 billion property insurance exchange named Stratus.

Lockton, the independent insurance and reinsurance broking group, has hired former Descartes Underwriting business development specialist Owen Meaney as its new U.S. Parametric Leader.

Blackstone Alternative Asset Management, the hedge fund solutions unit of Blackstone, has now made a second direct investment into a catastrophe bond through one of its flagship muti-strat alternatives funds.

RenaissanceRe Capital Partners, the specialist third-party capital management division of the reinsurer, lifted its partnering investor capital managed across joint-venture reinsurance and insurance-linked securities strategies by around 5.5% over the last year, to end June 2026 with $8.54 billion of assets under management.

A busy July in catastrophe loss terms from severe weather activity has resulted in US insurer Allstate reporting $682 million in pre-tax losses, which has lifted the total across the current annual aggregate risk period for its catastrophe bonds to $2.402 billion so far.