Reinsurance News
Mercury Insurance
AM Best revises Mercury and its subsidiaries’ outlooks to stable from negative
26th February 2026
AM Best has revised the outlooks to stable from negative and affirmed the credit ratings for the members of Mercury Casualty Group (Mercury), based on Mercury’s net ultimate losses and reinsurance recoveries following the January 2025 California wildfires. The ratings agency affirmed the Financial Strength Rating of A (Excellent) and the ... Read the full article
Fitch shifts Mercury’s outlook to Stable on improved reinsurance program
2nd October 2025
Fitch Ratings has revised Mercury’s outlook to Stable, citing reduced concerns over the January 2025 wildfires and their potential impact on capital and profitability, as well as improvements in the company’s renewed catastrophe reinsurance program. Notably, Fitch has affirmed Mercury's property and casualty operating subsidiaries' Insurer Financial Strength (IFS) ratings of ... Read the full article
Mercury targets growth in higher wildfire risk areas with new California rate filing
18th August 2025
Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State's Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones. The filing is the first to use the recently reviewed Verisk Wildfire catastrophe model, which helps estimate ... Read the full article
Mercury Insurance to support Safeco customers as Liberty Mutual adjusts California strategy
7th August 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration comes in response to Liberty Mutual’s decision to revise its personal insurance offerings in the state, affecting ... Read the full article
Aon’s Jeffrey Jones joins Mercury Insurance as Chief Reinsurance Officer
4th August 2025
Jeffrey Jones has joined Mercury Insurance, a property and casualty insurer, as Vice President & Chief Reinsurance Officer, a newly created role, following a 30-year tenure as a reinsurance broker at Aon. The executive’s arrival comes at a time of significant strategic evolution from Mercury, particularly concerning its expanding portfolio and ... Read the full article
Mercury prepares homeowners insurance rate filing using Verisk Wildfire Model
29th July 2025
Mercury Insurance, a provider of property and casualty insurance, is preparing a homeowners insurance rate filing using the California Department of Insurance’s (CDI) recently approved Verisk Wildfire Model. Last week, the CDI completed its review of the Verisk Wildfire Model for use by insurers in assessing wildfire risk and property ... Read the full article
Mercury appoints Bennett to lead new climate science team
11th June 2025
Mercury Insurance, a provider of property and casualty insurance, has appointed Steve Bennett as its Senior Director of Climate and Catastrophe Science, where he will build and lead a team dedicated to helping identify ways Mercury and its policyholders can better prepare for increasingly severe climate-driven weather events. Bennett joins Mercury ... Read the full article
Mercury expects reinsurance rates to increase as it seeks more limits at July ’25 renewal
2nd April 2025
California-based insurer Mercury General expects to purchase more catastrophe reinsurance protection at its July 2025 renewal and anticipates the recent approval for a 12% rate increase in its California Homeowners business to help offset an expected rise in reinsurance expenditure. For 2024-2025, Mercury increased its total reinsurance limit from $1.111 billion ... Read the full article
Mercury returns to Paradise California as rebuilding efforts gain momentum
9th January 2025
Mercury Insurance has announced that it will begin writing new homeowners insurance policies in Paradise, California, becoming the first major insurer to return to the area since the devastating Camp Fire in November 2018. The Camp Wildfire became the deadliest and most destructive wildfire in California’s history after devastating the ... Read the full article
Tokio Marine America and Mercury join forces for Californian non-renewals
10th May 2024
Mercury Insurance is leading an initiative to ensure insurance access and coverage continuity for numerous California consumers. Through close collaboration, Tokio Marine (TMA) and Mercury have devised a strategy to seamlessly transfer TMA and its subsidiary, Trans Pacific Insurance Company (TPIC), customers to Mercury. This transition is facilitated by a coalition ... Read the full article
Mercury Insurance appoints Simon Zhang as Chief Data and Analytics Officer
9th February 2024
Mercury Insurance, a property and casualty insurer, has appointed Simon Zhang to the newly created position of Chief Data and Analytics Officer, as part of the firm's ongoing effort to utilize advanced data analytics to drive business growth. Mercury believes that his leadership will add value to every element of its ... Read the full article
Mercury Insurance adopts CAPE Analytics AI underwriting tools
7th December 2021
Multi-line insurer Mercury Insurance has decided to adopt the suite of property intelligence solutions from CAPE Analytics into its underwriting workflows. CAPE’s property attributes and risk scores will be leveraged by Mercury to instantly assess risk on a property-by-property basis across the states it operates in, including California. By integrating this new ... Read the full article
Mercury Insurance launches two programs to protect Californians from wildfires
13th October 2020
With wildfire season well underway and the peak of the season yet to arrive, Mercury Insurance has announced two new programs to help Californians better protect their homes and families if they live in areas prone to wildfires. The insurer will be offering a discount of up to 18% if the ... Read the full article
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