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 innovation is becoming central to how insurers and reinsurers navigate volatility and secure long-term resilience.
In recent years, cedents have been increasingly exposed to weather-driven volatility, with historically elevated retention levels amplifying the impact of events.
From the severe winter weather in the UK and Ireland in December 2022 to subsidence events in the UK and France in 2018 and 2022, these catastrophes have frequently driven double-digit loss ratio impacts for personal lines carriers.
These pressures have been compounded by historically high retention levels; to address this, Howden Re has developed a suite of emerging peril models in Europe that estimate current and future climate-conditioned loss impacts.
By partnering with Reask, Howden Re is able to integrate advanced climate data and subsidence modelling with local meteorological institute data, creating a more forward-looking and accurate representation of risk compared to traditional statistical approaches.
According to the broker, the outputs from these models also support its parametric and aggregate reinsurance solutions, enabling clients to secure earnings protection against increasingly volatile perils and attract third-party capacity into the market.
Jamie Rodney, Chief Executive Officer, Reask, commented, “European cedents are seeking new ways to better price and respond to emerging perils for their clients. By combining our climate-driven modelling expertise with Howden Re’s innovative approach to emerging perils, we can deliver deeper insights into risks like subsidence and severe weather across Europe. This partnership is about equipping insurers with the forward-looking tools they need to manage volatility, protect earnings, and build long-term resilience for their clients.”
Tim Edwards, Head of International Analytics at Howden Re, added, “These models enable our clients to benefit from innovative techniques that better reflect their true exposure. We already see that they can help attract new capacity to protect cedents against the volatility created by climate-driven weather and subsidence events. We look forward to partnering with Reask and continuing to bring innovative solutions to the market.”
