Reinsurance News
home insurance
APRA warns climate pressures could widen Australia’s home insurance protection gap
24th March 2026
The Australian Prudential Regulation Authority (APRA) has released its Insurance Climate Vulnerability Assessment (Insurance CVA), a prudential stress test showing how climate-driven pressures on insurance premiums could significantly widen the home insurance protection gap and weaken the resilience of Australia’s financial system. APRA’s Insurance CVA examined how home insurance coverage may ... Read the full article
Magenta signs capacity deal with Zurich for MNW home insurance
12th November 2025
Magenta, part of DUAL UK, has announced that it has signed a new deal with global insurer Zurich to provide capacity for its mid-net-worth (MNW) home insurance product. The MNW home insurance market has faced persistent challenges of under-insurance and incorrect cover. With inflation and rising values of high-end items, individuals often ... Read the full article
Climate and inflation pressures drive record losses, according to LexisNexis Risk Solutions
24th October 2025
LexisNexis Risk Solutions, a provider of data and analytics for the insurance and financial industries, has released its 10th annual US Home Trends Report. The study offers a detailed look at how claims trends across different perils are shaping the US home insurance market, helping carriers make more informed decisions in ... Read the full article
US home insurance becoming increasingly unaffordable: IRC
13th June 2025
The average cost of home insurance in the US has increased faster than inflation over the past 20 years, driven by natural disasters, higher repair costs, supply chain disruptions, and population shifts into high-risk areas, according to the Insurance Research Council (IRC). A new research brief from the IRC finds that ... Read the full article
Kin surpasses $100bn in total insurance property value demonstrating strong growth
1st May 2025
Digital home insurance provider Kin has surpassed $100 billion in total insured property value, a milestone that highlights the company’s growth in consumer based and increased profitability. Over the past four years, Kin has demonstrated substantial growth, increasing its total insured value (TIV) from $10 billion to $100 billion while simultaneously ... Read the full article
Stable outlook for UK non-life insurance sector reflects resilient fundamentals: AM Best
14th April 2025
The United Kingdom's non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant developments in late 2024 was the upward revision of the Ogden discount rate, which ... Read the full article
Skyline Insurance expands homeowners coverage across Washington amid rising property values
7th March 2025
Skyline Insurance Group, a home, auto and life insurance specialist, has announced the expansion of its homeowners insurance services to new communities across the state of Washington in the United States, emphasising relationship-based insurance. The expansion now includes comprehensive homeowners insurance in Marysville, Bothell, Edmonds, Lake Stevens, and Lynnwood. This move comes ... Read the full article
Orion180 launches FLEX Home Insurance in Texas
6th February 2025
Insurance solutions provider Orion180 has launched FLEX Home Insurance in Texas, giving policyholders more control over homeowners’ coverage. FLEX offers a customisable approach to homeowners’ insurance, allowing policyholders to tailor coverage to their specific needs and financial goals. Ken Gregg, CEO of Orion180, stated, “We believe insurance should be adaptable to the ... Read the full article
Security First & Embark to offer new homeowners insurance solution in Florida
23rd December 2024
Florida-domiciled insurers Security First Insurance and Embark MGA, have together launched a new HO5 homeowners' insurance program designed exclusively for new home builders for affordable, turnkey insurance options for home buyers. This policy combines enhanced coverage options tailored to the needs of Florida homeowners with the simplicity of embedding the insurance ... Read the full article
UK home insurers witness second consecutive loss-making year in 2023: EY
21st October 2024
According to a recent analysis by EY, UK home insurers remained in the red in 2023, only marginally improving on record losses from 2022, posting a loss-making net combined ratio (NCR) of 118% in 2023, a slight improvement from 2022's 122%. In their UK Home Insurance Results Analysis, EY notes that consumer ... Read the full article
Home insurance has increased for homeowners as loss costs across all perils rise: LexisNexis
21st October 2024
The US home insurance industry has experienced an upward trend in loss cost across all perils combined over the past seven years, resulting in catastrophic claims which in turn contribute to rising premiums, LexisNexis stated in a recent report. According to the 2024 LexisNexis Home Trends Report, all peril lost cost ... Read the full article
Homeowners & renters insurance costs surpass inflation, leads to record shopping rates: J.D. Power
23rd September 2024
Homeowners and renters insurance costs have now surpassed both the rate of inflation and the average rate increases experienced by auto insurance customers, according to the J.D. Power 2024 US Home Insurance Study. Data from the report shows that the rising rates has led to a significant increase in the percentage ... Read the full article
PURE expands to Canada offering coverage for high-net-worth homeowners
12th September 2024
PURE Insurance, a US-based property and casualty insurer, is expanding into Canada with a new office in Toronto that will begin offering its unique reciprocal model to high-net-worth homeowners in Ontario. PURE will provide coverage for affluent homeowners with properties valued at over $2 million. This expansion gives insurance brokers and affluent ... Read the full article
Record weather-related losses challenge US homeowners insurers in 2024: S&P
6th September 2024
This year is on track to surpass 2023’s record weather-related losses for U.S. homeowner insurers, posing challenges in estimating catastrophe risk charges, according to S&P Global Ratings. U.S. homeowner insurers have faced several years of underwriting losses due to increasing severe weather events. In the first half of 2024 alone, insurers ... Read the full article
KBRA assigns rating to new Florida reciprocal exchange Trident
30th August 2024
Credit rating agency KBRA has assigned a BBB Insurance Financial Strength Rating (IFSR) to Trident Reciprocal Exchange (Trident), with a stable outlook. Trident is a newly established de novo reciprocal exchange focused on writing homeowners’ insurance in Florida. The rating reflects Trident’s low underwriting leverage and substantial surplus relative to expected premiums ... Read the full article
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