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.
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
ICEYE partners with Florida Flood Hub to enhance flood response and recovery
5th June 2026
ICEYE, a world leader in synthetic aperture radar (SAR) satellite systems, has partnered with the Florida Flood Hub for Applied Research and Innovation to improve flood preparedness, response, recovery, and resilience efforts. Florida’s Flood Hub plays a critical role for the state’s adaptation and mitigation efforts regarding extreme weather and hurricanes, ... Read the full article
Previsico integrates Snapshot Live’s visual monitoring into flood platform
2nd June 2026
Previsico, the live flood forecasting insurtech, has partnered with Snapshot Live to integrate live visual monitoring into its Flood Intelligence Platform, enhancing flood risk forecasting. Snapshot Live provides AI-powered remote visual intelligence, helping organisations eliminate operational blind spots in locations where traditional monitoring solutions fall short. Snapshot Live’s solar-powered, off-grid cellular cameras ... Read the full article
Gallagher introduces parametric flood cover for golf courses in partnership with FloodFlash
28th May 2026
Insurance broker and risk adviser Gallagher has developed a new parametric insurance solution aimed at helping golf courses mitigate financial disruption caused by flooding and severe weather. The product has been created in collaboration with FloodFlash, a NormanMax company that specialises in sensor-based parametric flood cover. Gallagher highlights that intense rainfall, storms, ... Read the full article
US flood exposure points to large potential uninsured losses and credit pressure for local govs: Moody’s Ratings
27th May 2026
An assessment by Moody’s Ratings, authored by Jennifer Chang, Senior Vice-President for Sustainable Finance Credit, and Firas Saleh, Director of North American Flood Models, evaluates residential flood exposure across the United States and finds substantial gaps between insured and uninsured losses at county level under different flooding scenarios. Moody’s Ratings indicates ... Read the full article
Mark Trumper succeeds Jonathan Jackson as Previsico CEO
26th May 2026
Previsico, the live flood forecasting insurtech, has announced the appointment of Mark Trumper as its new Chief Executive Officer (CEO). In this role, Trumper will be responsible for leading the company’s strategy, overseeing operational delivery, and scaling the business across the UK, while accelerating expansion into the US and other international ... Read the full article
Allianz UK joins FloodAction Coalition
26th May 2026
Allianz UK, part of the financial services group Allianz SE, has joined the FloodAction Coalition, a move that reflects its commitment to flood resilience and sustainable solutions. The FloodAction Coalition is designed to bring together insurers, landowners, and investors to create a £1 billion market for water resilience by 2028. To achieve ... Read the full article
Cotality report highlights growing hurricane and flood exposure across major US housing markets
20th May 2026
Cotality, a global provider of property information, analytics and technology-enabled data solutions, has published new research showing that New York has the largest concentration of homes exposed to hurricane-related risks in the United States. In its 2026 Hurricane Risk Report, Cotality estimates that more than 3.27 million homes across New York ... Read the full article
Neptune Flood supports greater private sector involvement in US flood insurance market
11th May 2026
Neptune Flood, a US-based flood insurance provider owned by Neptune Insurance Holdings, Inc., has responded to the FEMA Review Council’s report to the President concerning the future direction of the National Flood Insurance Program (NFIP), expressing support for proposals aimed at increasing private sector participation in the flood insurance market. In ... Read the full article
Willis launches parametric flood insurance solution for UK racecourses
11th May 2026
Willis, a WTW business, has launched a new sensor-based parametric insurance solution designed to protect UK racecourses against localised flooding. The product was developed in collaboration with Previsico, Descartes Underwriting (MGA), and Generali, which will act as the insurer. In the UK, flood risk is rising, with related costs projected to increase ... Read the full article
Neptune Flood reaches 300k policies, highlighting market expansion
8th May 2026
Neptune Flood, a private flood insurance provider in the US, has reached a major milestone, announcing that it has surpassed 300,000 policies in force and $400 million in premiums in force. This achievement marks a significant step towards expanding private flood insurance access and strengthening the resilience of communities across the ... Read the full article
FEMA Review Council recommend NFIP reform, bigger private market role in flood insurance
8th May 2026
At the final public meeting of the Federal Emergency Management Agency (FEMA) Review Council yesterday, the group voted to send their final report and recommendations to the President, highlighting the importance that more private market participation is critical in US flood insurance. The Council looked at numerous areas of reform for ... Read the full article
JBA Risk Management releases global climate change flood mapping suite
23rd April 2026
JBA Risk Management, a specialist company focused on flood hazard modelling and climate risk analytics, has introduced a new suite of global flood maps that incorporate climate change projections. The tools are designed to help insurers, investors, corporates, and other stakeholders assess how physical flood risk may shift over time. According to ... Read the full article
NFP expands flood risk services and appoints national practice leader
17th April 2026
NFP, an Aon company and a property and casualty broker and benefits consultant, has introduced a dedicated Flood Practice for its Personal Risk clients, and named Dana Sutton as its national leader for the practice. Sutton, who serves as a vice president at NFP, has over 15 years of experience working ... 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.
