Howden Re and Howden Iberia selected by CCS

We are delighted to announce that Howden Re, in collaboration with Howden Iberia, has been selected to carry out the natural catastrophe modelling services for the Consorcio de Compensación de Seguros (CCS)—Spain’s national insurance pool for extraordinary risks.

The CCS is a state-managed public entity that provides protection against high-impact events that fall outside the scope of private insurance, including floods, earthquakes, volcanic eruptions, atypical cyclones, and other extraordinary natural and socio-political risks. As the backbone of Spain’s NatCat protection system, the CCS plays a vital role in stabilising the insurance market by absorbing large-scale losses and ensuring universal access to coverage

Under this engagement, Howden will deliver advanced valuation and Probable Maximum Loss (PML) estimates for CCS’s NatCat exposures across the perils of flood, earthquake, storm, and volcanic eruption, as well as multi-peril combined scenarios. The modelling will be performed across 50-, 100-, 200- and 500-year return periods, providing CCS with high-resolution insights to strengthen their portfolio management and long-term resilience planning.

Howden has a strong local presence in Spain, strengthened in September 2025 by the launch of Howden Re Iberia under the leadership of David Santos. Howden continues to expand its footprint in Spain, offering clients sophisticated catastrophe analytics, insurance and reinsurance solutions, and advisory services built on innovation, independence, and technical excellence.

David Santos, Managing Director, Howden Re Iberia, said: “We are very proud of having the opportunity to work with Consorcio to model their NatCat exposure; this shows the strength and bredth of expertise of the Howden Group analytical services.”

“This milestone reinforces our commitment to supporting institutions and insurers across Spain, bringing the full strength of Howden to market-leading modelling capabilities and a truly client-focused reinsurance offering,” Santos added.

Tim Edwards, Head of Analytics, Howden Re International, commented: “At Howden, we are proud to bring together our global analytical expertise with deep local market understanding. Our work with CCS reflects the calibre of Howden Re’s global analytics platform. By combining advanced modelling science with practical reinsurance insight, we are helping one of Europe’s most respected public insurance institutions better understand and manage its catastrophe risk.”

Rodrigo Manrique, Climate Risk and Resilience, Howden, added: “Through our Climate Risk and Resilience practice, we are looking forward to help CCS’s modelling not only captures today’s catastrophe exposures but also anticipates the evolving impacts of climate change. By integrating forward-looking climate scenarios into our analytics, we help institutions like CCS strengthen their resilience frameworks and prepare for the extraordinary risks of tomorrow.”