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.
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
Lagos State government secures up to USD 7.5m parametric flood insurance
27th March 2026
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery. The policy’s activation represents a crucial achievement for the Tripartite Agreement Programme, which aims to ... Read the full article
Multi-source data key to parametric flood insurance success: Swiss Re
26th March 2026
Global reinsurer Swiss Re has emphasised that parametric flood solutions relying on data from multiple sources, including advanced sensors, will be key to their success, improving reliability, reducing basis risk, and strengthening confidence. Flood risk is among the most prevalent weather-related hazards, impacting nearly one-third of the global population. However, despite ... Read the full article
JBA Risk Management launches updated Global Flood Model
24th March 2026
JBA Risk Management, a UK-based flood science specialist, has extensively updated its Global Flood Model, enhancing it with updated hazard maps, an extended range of future climate event sets, while improving processing speed and exposure disaggregation. These developments aim to enable reinsurers, insurers, brokers, risk managers, and asset managers to better ... Read the full article
Neptune Flood launches insurance app within ChatGPT
12th March 2026
Neptune Flood has launched a digital flood insurance app within ChatGPT, allowing property owners to receive real-time preliminary flood insurance quotes from Neptune directly through the platform. According to Neptune Flood, customers can now ask questions about coverage and receive an instant preliminary quote through a conversational AI interface, “simplifying the ... Read the full article
ICA declares Significant Events for NT and Queensland floods
12th March 2026
The Insurance Council of Australia (ICA) has declared two Significant Events for communities affected by recent severe rainfall and flooding in the Northern Territory and Queensland. The Northern Territory flooding includes Katherine and surrounding regions, while the Queensland event includes the Bundaberg region and Burnett River catchment. Insurers have started receiving claims ... Read the full article
Exzeo Group announces flood insurance partnership with Tokio Marine Highland
27th February 2026
Exzeo Group, Inc., a technology-driven insurance distribution and services company, has announced a strategic partnership with Tokio Marine Highland, a wholly owned subsidiary of Tokio Marine Kiln, an international specialty insurer. Through this agreement, Exzeo will distribute TMH2O, Tokio Marine Highland’s primary residential flood insurance product. The addition of TMH2O expands ... Read the full article
Liberty Mutual and Floodbase launch instant parametric flood quoting tool for US market
24th February 2026
Liberty Mutual, a US insurance provider, and Floodbase, a platform specialising in flood risk solutions, have launched an instant quoting application for parametric flood reinsurance in the United States. The tool enables wholesale and retail brokers to price parametric flood cover within minutes, simplifying a process that has traditionally been complex ... Read the full article
Flood risk intensifies as insurance protection lags across the US: Triple-I
18th February 2026
The Insurance Information Institute (Triple-I), a US-based trade association representing the insurance industry and providing research and data on risk trends, reports that 2025 saw a rapid succession of deadly floods across the country, underscoring the increasing threat of inland and flash flooding and the continuing importance of adequate flood ... Read the full article
Floods in Malawi and Mozambique trigger REPAIR’s parametric coverage
30th January 2026
The floods devastating Malawi and Mozambique have triggered the Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme’s prametric trigger, resulting in a disbursement of over $22.3 million within seven business days to support urgent national flood response operations in the countries, enabling governments to mobilise immediate relief. As participating ... Read the full article
JBA Risk Management partners with TransZero to strengthen global flood risk insight
27th January 2026
JBA Risk Management, a UK-based flood science specialist, has partnered with start-up TransZero to enhance flood risk assessment for global property assets. Launched in September 2025, TransZero supports businesses with climate-related risk disclosure reporting by providing insights for property assets worldwide. Its platform serves the asset management, banking, insurance, and retail ... Read the full article
Swiss Re integrates Fathom data into internal catastrophe model
13th January 2026
Swiss Re has announced that Fathom’s flood hazard and terrain data are now being integrated into its internal catastrophe model, enhancing the reinsurance giant’s understanding of global flood risk. Since acquiring Fathom in December 2023, Swiss Re said its teams have been working to expand and harmonise Fathom’s core datasets ... Read the full article
Neptune Flood adds underwriting capacity through new Lloyd’s syndicate partnership
7th January 2026
Neptune Flood, a private flood insurance provider in the US, has entered into a strategic partnership with Somers Syndicate 3705 to bring additional underwriting capacity to support its suite of insurance offerings. Somers Syndicate 3705 is the Lloyd’s insurance operation of Somers Re Ltd, a global insurance and reinsurance firm with ... Read the full article
CEO of Previsico says 2026 will be a pivotal year for flood insurance
23rd December 2025
In a recent Reinsurance News interview, Jonathan Jackson, CEO of Previsico, the flood forecasting company, discussed the challenges and opportunities facing the flood insurance sector in 2026. Flood‑related insurance losses have continued to escalate throughout 2025, reinforcing the broader trend of rising climate‑driven claims and mounting pressure on the sector’s risk ... Read the full article
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