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 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
Private flood market ready and better prepared to manage risks: Neptune Flood
9th October 2025
A new report from Neptune Flood has suggested that the National Flood Insurance Program (NFIP) continues to assume risks the private market is “ready and better prepared” to handle, with roughly 95% of new policyholders eligible for private coverage. "For more than 50 years, the private insurance industry was unable to ... Read the full article
Neptune Flood exceeds 250,000 policies in force
5th August 2025
Neptune Flood, a private flood insurance provider in the US, has announced that it has surpassed 250,000 policies in force, reinforcing its position in the private flood insurance market and highlighting continued adoption of its approach to flood protection. Since launching in 2018, the company has expanded to all 50 states ... Read the full article
Floodbase launches solution to allow continuous flood mapping across the US
23rd July 2025
Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has launched near-real-time flood mapping technology for the United States to help governments, insurers, media, and other decision-makers obtain rapid situational awareness and actionable information, which can now be licensed on-demand per event. This launch marks a significant step forward ... Read the full article
Texas flash floods to have limited impact on re/insurers: Cotality
22nd July 2025
Although the recent deadly flash floods in Texas are estimated to have caused $1.1 billion in damage to residential buildings, Cotality believes the event will likely have a limited impact on primary insurers and reinsurers, due to the region’s low flood insurance penetration. Providing some background on the event, a new ... Read the full article
US private flood insurance growth helps close the nation’s protection gap: Fitch
22nd July 2025
The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses from flood events, which remain largely underinsured despite being one of the costliest perils for homeowners, a recent report by Fitch Ratings has revealed. In the US, flood insurance historically had a very ... Read the full article
Policies ceded to Flood Re hit record high in 2024/25
21st July 2025
Flood Re, the UK government-backed scheme funded by the insurance industry to improve access to affordable flood insurance, has reported a record 20% increase in policies ceded, reaching 346,200 for the year ending 31 March 2025. Now in its tenth year, Flood Re has helped over 660,000 households secure flood insurance ... Read the full article
CatIQ reduces 2024 Ontario flash flooding loss estimate by 9% to CAD 899m
16th July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 million. As a reminder, in July 2024, southern Ontario, including Toronto and the Greater ... Read the full article
ICEYE launches Flood Rapid Impact to deliver timely, actionable flood intelligence
14th July 2025
ICEYE, a provider of satellite-based disaster response technologies, has introduced Flood Rapid Impact (FRI) — a new solution designed to provide automated, near-real-time flood data to emergency response teams, energy providers, insurers, and financial institutions. FRI supplies critical information about floodwater extent within 6 to 12 hours of the earliest signs ... Read the full article
Disaster declaration issued in Texas as flood risks continue
7th July 2025
At least 81 people have been confirmed dead and 41 remain missing after flash floods devastated central Texas on Friday, with more storms expected in the region. The flash floods began Thursday night of last week and continued into Friday morning, as several months' worth of rain fell within just a ... Read the full article
Previsico urges cross industry collaboration to tackle extreme flooding
4th July 2025
Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month. The flood insurtech engaged with policymakers, insurers, and innovators at the London Climate Action Week to ... Read the full article
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