Brazil’s climate risks reshape insurance sector

Brazil’s intensifying climate volatility is reshaping its insurance sector, according to a new report by U.K.-based Howden Re, Reinsurance News reported. The report, created with Brazil-based MeteoIA Data Science LTDA, highlights first-quarter 2025 extremes ranging from severe droughts to record-breaking floods and heat waves, including Rio de Janeiro’s heat index surpassing 125 degrees Fahrenheit in February.