Reinsurance News
Your search for “homeowners”
White Mountains sells majority stake in insurtech Bamboo to CVC
3rd October 2025
White Mountains, a Bermuda-domiciled financial services holding company, has announced it has agreed to sell most of its ownership in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC. The deal, which values Bamboo at $1.75 billion, is expected to generate approximately $310 to its book value per share ... Read the full article
Fitch shifts Mercury’s outlook to Stable on improved reinsurance program
2nd October 2025
Fitch Ratings has revised Mercury’s outlook to Stable, citing reduced concerns over the January 2025 wildfires and their potential impact on capital and profitability, as well as improvements in the company’s renewed catastrophe reinsurance program. Notably, Fitch has affirmed Mercury's property and casualty operating subsidiaries' Insurer Financial Strength (IFS) ratings of ... Read the full article
California insurance Commissioner Ricardo Lara backs Governor’s order on insurance stability
1st October 2025
The California Department of Insurance announced that Commissioner Ricardo Lara supports Governor Gavin Newsom’s new executive order on insurance stability, calling it a key step toward protecting homeowners and communities across the state. “The Governor is absolutely correct: we need a ‘whole-of-government’ approach to make continued progress,” Lara said in response ... Read the full article
Florida’s property re/insurance market rebounds following tort reform: Gallagher Re
26th September 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, reports that Florida’s property insurance market is experiencing a significant resurgence, driven largely by recent tort reforms that have restored confidence among carriers, reinsurers, and capital providers. According to Gallagher Re’s analysis, the most tangible sign of this recovery was the ... Read the full article
Arbol launches new wildfire parametric product for Western states
25th September 2025
Continuing its expansion into further perils and geographies, Arbol has launched a new parametric wildfire insurance product for commercial and residential properties in high-risk wildfire regions in the U.S., with coverage limits up to $10 million. The firm's new wildfire parametric initiative, which will target California, Colorado, Arizona, and other Western ... Read the full article
US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s
23rd September 2025
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses. According to Moody’s, a representative sample of 20 rated insurers posted net income of ... Read the full article
Florida’s Praxis Reciprocal Exchange obtains OIR license
23rd September 2025
A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre Risk Management, LLC as its Attorney-in-Fact. With licences secured, the carrier ... Read the full article
Allstate estimates $213m in catastrophe losses for August
18th September 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August. The losses included 10 events, with approximately 70% attributable to three wind and hail events. By comparison, Allstate estimated higher ... Read the full article
RVS Roundtable: The market is striking a balance but creativity needed in competitive environment
18th September 2025
At the 67th Rendez-Vous de Septembre in Monte Carlo last week, Reinsurance News held its annual executive roundtable, during which eight experts and leaders from across the industry discussed the sustainability of current market conditions, the outlook for the 2026 renewals and beyond, reinsurer discipline, the casualty space, while the ... Read the full article
Fitch reports seventh year of double-digit growth for US E&S insurance in 2024
15th September 2025
Fitch Ratings, a credit rating agency and provider of financial research, reported that the US excess and surplus (E&S) insurance market continued its remarkable growth streak in 2024, with direct written premiums rising 11 percent. Although this was below the 15 percent expansion recorded in 2023, Fitch emphasised that the sector ... Read the full article
ZestyAI adds mitigation-aware scoring to Severe Convective Storm risk assessments
10th September 2025
ZestyAI, a company specialising in AI-driven property risk analytics, has introduced a new feature in its Severe Convective Storm risk suite that allows insurers to update risk scores based on property improvements. The company, which provides data-driven tools for assessing property vulnerability to natural hazards, said the feature enables adjustments for ... Read the full article
Fitch sees continued profitability for US P&C insurers in 2025
10th September 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reported that the US property and casualty (P&C) insurance sector delivered notably strong underwriting results in the first half of 2025 and is expected to remain profitable through the remainder of the year. According to Fitch, the industry posted a statutory ... Read the full article
SageSure enters agreement to acquire Gemini Financial and subsidiaries
10th September 2025
SageSure has entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent for Olympus Insurance Company. The transaction is expected to close in the first quarter of 2026, subject to the receipt of required regulatory approvals and other customary closing conditions. As part ... Read the full article
Hannover Re reports stable reinsurance pricing and strong ILS activity in 2025
9th September 2025
Hannover Re, the reinsurance group, shared its latest insights on global re/insurance markets during the 2025 Monte Carlo Rendezvous. The company reports that geopolitical tensions and ongoing conflicts continue to affect the marine and offshore energy sectors. Recent attacks on commercial shipping in the Red Sea have had limited financial impact but ... Read the full article
Kin raises $50m in Series E financing led by QED Investors and Activate Capital
8th September 2025
Kin, a direct-to-consumer home insurer, has closed an oversubscribed $50 million Series E round at a $2 billion pre-money valuation, led by QED Investors and Activate Capital with participation from both new and existing backers. Simultaneously, the insurer also closed on a $200 million debt facility led by Wellington Management, $145 ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
