Reinsurance News
Flood insurance and reinsurance news
News related to flood insurance and reinsurance, including: new products and market innovation; flood insurance market loss events; companies underwriting flood insurance or reinsurance; public flood insurance through the NFIP; and the expanding availability of private market flood coverage.
Previsico and Mitigrate partner to improve flood risk assessment and loss prevention
11th November 2026
UK flood forecasting technology company Previsico has entered into a strategic partnership with Mitigrate, a Norway-based climate insurtech specialising in property risk analysis and preventative measures. The agreement is designed to give insurers and risk managers access to complementary technologies that could improve their ability to assess flood exposure, identify at-risk ... Read the full article
Gallagher Re warns of growing flood risk beyond traditional hotspots
19th October 2026
A new white paper from Gallagher Re has highlighted how rainfall-driven flooding is increasingly causing losses in smaller communities and catchments beyond traditional flood zones, underscoring the need for insurers to look beyond established hotspots to identify emerging sources of flood risk. The findings in A Risk in Flux: Exploring Europe’s ... Read the full article
Flood Re sets out plans for UK-wide flood resilience information platform
13th October 2026
Flood Re, a joint initiative between the UK government and the insurance industry designed to improve access to affordable flood insurance for households at risk, has announced plans to expand BeFloodReady into a national platform dedicated to flood resilience. The company intends to develop the platform into a central online resource ... Read the full article
El Niño could reshape catastrophe risk for insurers and reinsurers, Moody’s says
9th October 2026
The 2026 El Niño could alter catastrophe risk across multiple regions and perils, creating implications for insurers and reinsurers as they assess potential changes in insured losses, portfolio accumulation and diversification, according to Moody’s, the global risk assessment firm that provides credit ratings, research, data, and analytical tools for financial ... Read the full article
Fathom makes UK region of flagship global catastrophe model freely available
23rd September 2026
Fathom, a specialist in flood risk modelling, has announced that the UK region of its flagship flood catastrophe model, Global Flood Cat, is now free to access. The move allows re/insurers, brokers and financial institutions to access validated, climate-conditioned flood risk data to support underwriting, capital allocation and risk management decisions. Acquired ... Read the full article
$2.6bn in NFIP subsidies remain five years into FEMA’s Risk Rating 2.0: Neptune Flood
17th September 2026
Five years after the rollout of Risk Rating 2.0, the National Flood Insurance Program (NFIP) still carries $2.6 billion in annual rate subsidies, a recent report by Neptune Flood has revealed. Risk Rating 2.0 is the Federal Emergency Management Agency’s (FEMA), a US government organisation, updated pricing methodology for the NFIP ... Read the full article
It’s important to be sustainable and well placed for when the market turns: Montador, Arundo Re
16th September 2026
French reinsurer Arundo Re is expecting some softening at the January 1 renewals, but has no constraints and will target maintaining profitability and being sustainable so the company is a good position when the market cycle turns, according to Laurent Montador, Deputy Chief Executive Officer (CEO). We spoke with Montador at ... Read the full article
Sompo Japan partners with ICEYE to enhance flood response capabilities
9th September 2026
To improve its flood response capabilities and assist policyholders during natural disasters, Sompo Japan Insurance Inc., a provider of property and casualty insurance services in Japan, has partnered with ICEYE, a specialist in satellite-based disaster management solutions, to deploy its Flood Insights solution. The adoption of satellite data like ... Read the full article
ICEYE & The Water Institute partner to advance predictive flood intelligence
4th September 2026
ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has partnered with The Water Institute to bring predictive flood intelligence platform FloodID, and its core development team to ICEYE. Built on Amazon Web Services via an Amazon grant, FloodID blends physics-based hydrologic modelling, machine learning, Earth ... Read the full article
SEADRIF delivers $1.14m payout to Lao PDR and WFP following heavy rainfall and severe flooding
2nd September 2026
The SEADRIF Insurance Company has made payouts totalling US$1,137,500 to the Government of Lao PDR and the United Nations World Food Programme (WFP), following severe flooding that triggered both the country’s two-year parametric sovereign policy and WFP’s disaster resilience policy. The funding was triggered after intense southwest monsoon activity and low-pressure ... Read the full article
CatIQ places final loss estimate for Hurricane Debby floods in Ontario & Quebec at CAD 2.8bn
12th August 2026
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed its sixth and final industry loss estimate for flooding caused by the remnants of Hurricane Debby in Ontario and Quebec between 9 and 10 August 2024, putting losses at CAD 2.8 billion. The final ... Read the full article
Flood Re sets out reform programme to update flood insurance ahead of next decade
1st July 2026
Flood Re, the UK government-supported reinsurance scheme created to improve access to affordable flood insurance for households at higher risk, has set out a series of reforms to mark its tenth year of operation. The organisation says the changes are intended to keep insurance affordable and workable for the long term ... Read the full article
UK businesses increasingly exposed as flood preparedness declines: Previsico
26th June 2026
A new report from flood forecasting firm Previsico, based on insights from more than 70 UK organisational leaders, has found a sharp decline in flood preparedness despite rising awareness of risk. Just 8% of respondents said they or all of their clients have flood action plans covering all locations, down from ... Read the full article
Willis enhances climate risk modelling capabilities with updated climate diagnostic solution
15th June 2026
Willis, the insurance broking, risk advisory and consulting arm of WTW, has introduced an upgraded version of its Climate Diagnostic solution, aimed at helping organisations assess and respond to the growing impact of climate-related risks on property insurance markets. The updated tool forms part of WTW’s Risk IQ platform and, according ... Read the full article
US flood landscape a strategic opportunity for incumbents and disruptors alike: Vardigans, Fathom
9th June 2026
Harry Vardigans, Head of Insurance at Fathom, has suggested the US flood insurance market presents a “profound opportunity” to both reimagine existing and innovate new flood risk products ahead of the July 1 reinsurance renewals. Speaking with Reinsurance News in a recent interview, Vardigans suggested a “new wave” of agile capacity ... Read the full article
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