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.
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
Two-thirds of modelled US flood losses go uninsured: Moody’s
9th December 2025
Two-thirds of modelled U.S. residential flood losses go uninsured, leaving millions of homeowners and the broader economy financially exposed, according to Moody’s RMS modelling. Moody’s highlighted that flooding remains the most underinsured physical risk in the U.S., with only a small share of residential properties carrying flood insurance despite the growing ... Read the full article
Previsico releases Flood Intelligence 2.0 to improve forecasting
5th December 2025
Previsico, an insurtech company that provides advanced flood prediction and risk management solutions, has released Flood Intelligence 2.0, an updated version of its flood forecasting platform. The platform is designed to give insurers, infrastructure operators, risk managers, and organisations at risk from flooding clearer insight and greater confidence in managing flood ... Read the full article
Red Cross leads pilot of parametric flood insurance in Malawi
2nd December 2025
The Malawi Red Cross Society and the Danish Red Cross, in partnership with African Risk Capacity (ARC) Ltd., JBA Global Resilience, the InsuResilience Solutions Fund (ISF), and the Danish Ministry of Foreign Affairs, have piloted Malawi’s first parametric flood insurance. The project is built on advanced flood-risk modelling with predefined contingency ... Read the full article
Rising costs of weather disasters challenge global economies, says Munich Re
27th November 2025
A new assessment from the global reinsurer Munich Re, draws on the expertise of Chief Climate Scientist Tobias Grimm and Lisa Hanselmann, Head of NatCatSERVICE, and sets out how major economies are increasingly strained by weather-related catastrophes. The company’s analysis shows that eight of the ten largest industrialised nations now face ... Read the full article
ShoreOne expands residential homeowners policy with flood coverage to Rhode Island
14th November 2025
ShoreOne Insurance Managers, Inc., a provider of specialised insurance solutions for homeowners and agencies, has launched its residential homeowners policy in Rhode Island, now including comprehensive flood insurance coverage. The policy combines home and flood protection under a single plan, offering one deductible and a unified claims process. This product, already available ... Read the full article
JBA launches high-res US flood model to meet reinsurance demand as data reveals major risk gap
13th November 2025
UK-based flood science specialist JBA Risk Management has launched a high-resolution US inland flood model, as new data reveals that almost one in three US properties - 38.6 million buildings - are at risk of flood. JBA has launched this new model in response to rising demand from the reinsurance and ... Read the full article
JBA Risk Management to launch India operations led by Mansi Kalra as MD
28th October 2025
UK-domiciled flood science specialist JBA Risk Management is establishing its Indian operations by opening an office in Bangalore next month, led by Mansi Kalra as Managing Director (MD). The move is motivated by the growing demand for advanced flood risk modelling and data solutions from the insurance and financial services sectors ... Read the full article
Wright Flood to acquire assets of Poulton Associates
24th October 2025
Wright National Flood Insurance Company (Wright Flood), a wholly owned subsidiary of Brown & Brown Inc. operating within Arrowhead Programs, has announced that its affiliate, Wright National Flood Insurance Services LLC, has entered into an agreement to acquire the assets of Poulton Associates LLC. Founded in 1989 and headquartered in Salt ... Read the full article
Previsico closes Series A funding round to accelerate global growth
21st October 2025
Previsico, the actionable flood warning insurtech, has announced the successful close of its Series A funding round to accelerate its global expansion. The round included investment from Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, and BlueOrchard Finance Limited, a global impact investment manager and member of the Schroders Group. It ... Read the full article
Flood Re calls for united push to mainstream Property Flood Resilience
13th October 2025
Flood Re has urged government, insurers, lenders, and homeowners to join forces to make Property Flood Resilience (PFR) mainstream, warning that simple, affordable measures could protect millions of homes and save the UK economy as much as £740 million a year. This comes from new analysis undertaken by JBA in collaboration ... Read the full article
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