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FortressFire, BMS and EPIC launch Fine Art Wildfire Insurance Program in California

30th June 2025

FortressFire, a provider of wildfire analytics and property-specific protection services, brokers BMS Group and EPIC have come together to launch the Fine Art Wildfire Insurance Program to protect high-value collections in California. This product, officially introduced in June 2025, has been designed for property owners with valuable collections, offering tailored wildfire ... Read the full article

Personal auto drives major recovery in US P&C underwriting for 2024: AM Best

27th June 2025

The US property and casualty (P&C) insurance sector experienced a significant recovery in 2024, according to AM Best, the credit rating agency. In its latest report, AM Best highlights a $31 billion improvement in the personal auto line of business, which helped push the industry to a $22 billion net underwriting ... Read the full article

Descartes expands US Flood offer with new parametric product

26th June 2025

Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has launched a new fully customisable Flood-at-Location parametric flood insurance product for US commercial customers. Backed by extensive research in flood modelling and advanced sensor systems, Descartes noted that its new product upends the traditional approach to ... Read the full article

Orion180 lifts reinsurance coverage 31% for 2025 hurricane season to $845m

24th June 2025

Insurance solutions provider Orion180 has completed its excess-of-loss (XOL) and net quota share reinsurance agreements for the 2025 hurricane season totalling $845 million, which represents a 31% increase from the 2024 programme. The renewed reinsurance programme is backed by a robust panel of 35 leading global reinsurers, and covers both Orion180 ... Read the full article

US lightning-related insurance claims down 16.5% in 2024: Triple-I

20th June 2025

U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, marking a 16.5% decrease from the $1.24 billion paid in 2023, according to the Insurance Information Institute (Triple-I). The total number of lightning-caused claims fell to 55,537 in 2024, down 21.5% from 70,787 in 2023, marking the lowest level ... Read the full article

Fee-based risk management services an opportunity to drive growth for insurers: Deloitte

19th June 2025

Fee-based risk management services, a service that is already provided for free by many insurers, can boost US property and casualty (P&C) insurer’s revenues, according to a recent report by the Deloitte Center for Financial Services. Over the past year, raising premiums helped US P&C insurers return to profitability, but Deloitte ... Read the full article

Porch Group renews partnership with Goosehead to support Reciprocal Exchange growth

18th June 2025

Porch Group, Inc., a homeowners insurance provider, announced the renewal of its partnership with Goosehead Insurance. Growing Porch Reciprocal Exchange insurance premiums in a profitable way is an important strategic objective for the Company. The renewed partnership with Goosehead is a step toward re-engaging agency partnerships and expanding its distribution channels. Matt Ehrlichman, ... Read the full article

Hippo targets $2bn+ in GWP by 2028

13th June 2025

At its 2025 Investor Day, Hippo unveiled a three-year strategic roadmap, setting 2028 financial targets that include gross written premiums exceeding $2 billion, adjusted net income above $125 million, and an adjusted return on equity greater than 18%. Hippo has outlined its approach to creating shareholder value by diversifying its premium ... Read the full article

The Baldwin Group’s Westwood to acquire Hippo’s homebuilder distribution network

12th June 2025

The Baldwin Group has announced that its indirect subsidiary, Westwood Insurance Agency LLC, has entered into an agreement to acquire the homebuilder distribution network from Hippo Holdings, Inc. and its affiliates, expected to close on or around July 1st, 2025. Westwood will acquire all outstanding equity interests of the entities comprising ... Read the full article

Mercury appoints Bennett to lead new climate science team

11th June 2025

Mercury Insurance, a provider of property and casualty insurance, has appointed Steve Bennett as its Senior Director of Climate and Catastrophe Science, where he will build and lead a team dedicated to helping identify ways Mercury and its policyholders can better prepare for increasingly severe climate-driven weather events. Bennett joins Mercury ... Read the full article

Arden appoints Tim Henry as COO and Brian Sheekey as CFO

10th June 2025

Arden Insurance Services, a tech-enabled managing general agency (MGA), has announced the appointments of Tim Henry as Chief Operating Officer (COO) and Brian Sheekey as Chief Financial Officer (CFO). Henry brings deep expertise in product management, operational performance improvement, and strategy execution. He joins Arden from Farmers Insurance, where he most recently ... Read the full article

New Zealand’s NHC secures $10.3bn of reinsurance protection at June 1

5th June 2025

Natural Hazards Commission Toka Tū Ake (NHC) has secured $10.3 billion of reinsurance protection for New Zealand at 1 June 2025 to help protect homeowners from the impact of natural hazards. The $10.3 billion figure marks an increase of $1.15 billion from June 2024's total reinsurance cover. It also includes $225 ... Read the full article

reThought Flood hires industry veteran Kevin Thomas to lead residential expansion

4th June 2025

Technology-centric underwriting agency reThought Flood has appointed business development leader and flood expert Kevin C. Thomas to help expand its presence in the residential flood risk market. Thomas will lead the continued development of reThought Flood’s residential insurance distribution strategy. He joins reThought Flood from USI Insurance Services, where he served as ... Read the full article

Mangrove completes inaugural cat reinsurance program

3rd June 2025

Mangrove Property Insurance Company has finalised its catastrophe reinsurance program for the 2025 Atlantic hurricane season, protecting the firm and its policyholders to the 175-year return period and for events exceeding any in the historical record. The newly formed Florida insurer's reinsurance program, which exceeds all regulatory and rating agency requirements, ... Read the full article

HCI lifts reinsurance limit to over $3.5bn at June 1 renewal