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Recent Editions
Risk Channel
North America
Natural disasters caused economic losses of $100bn in the first half of 2026, according to Swiss Re. This figure is significantly lower than the $152bn reported in the same period last year and 10% below the 10-year average. "A less costly first half of the year does not mean the risk has gone away," cautioned Balz Grollimund, the group's director of Catastrophe Perils. "One major hurricane, earthquake, or wildfire can quickly change the picture." Swiss Re said: "Wildfire risk has so far accounted for only a relatively small share of insured losses in Europe. Yet it is the fastest-growing weather peril globally." The report warns that the El Niño climate pattern could increase costs from weather-related disasters later this year.
Full Issue
Risk Channel
UK/Europe
Severe heat and drought are damaging crops across Europe, with farmers facing sharply lower yields, water shortages and transport disruption as extreme weather strains the agricultural sector. Dutch potato farmer Hendrik Jan ten Cate expects his harvest to be about one-third below average, while Bosnian corn farmer Slavisa Lukic forecasts yields of just 1.5-2 tonnes per hectare, compared with 6-7 tonnes previously. The impact extends from Italian grapes and Czech hops to Hungarian dairy farming, while record-low Danube water levels are disrupting Romanian grain transport. In England, farms have invested in reservoirs and irrigation infrastructure but continue to face dwindling water supplies. Triodos estimates the heatwaves and drought could reduce EU GDP by 1%, or around €180bn, in 2026.
Full Issue
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