Reinsurance News
property
Eventual raises $7.5m to bring stability to US real estate insurance
28th July 2025
Eventual, a company focused on improving financial stability for real estate owners, has announced that it has raised $7.5 million in funding and introduced Premium Lock, a product designed to provide long-term predictability for property insurance premiums. This development addresses ongoing issues in the American property insurance market, which has become ... Read the full article
CRC Group’s Q2’25 Property REDY Index highlights softening market and expanding capacity
24th July 2025
CRC Group, a wholesale specialty insurance distributor in North America, has published the Q2 2025 update of its Property REDY Index. The Index offers a monthly analysis of renewal pricing trends using data collected across CRC’s property book. Built from one of the industry’s larger wholesale data sets, it is intended ... Read the full article
Property reinsurance becoming more competitive, discipline eroding: W. R. Berkley CEO
23rd July 2025
During W. R. Berkley Corporation’s Q2 2025 earnings call, William Robert Berkley, President, CEO & Director, highlighted that the property reinsurance market is becoming increasingly competitive, with signs that discipline among reinsurers continues to erode. Berkley stated that the property marketplace is clearly becoming more competitive. He attributed this growing competition to ... Read the full article
MSIG USA appoints Philip Wray as Head of Property
9th July 2025
MSIG USA, a provider of specialty commercial insurance solutions, has announced the appointment of Philip Wray as Head of Property. In this role, Wray will lead MSIG USA’s national property portfolio, overseeing underwriting strategy, product development, and portfolio performance. He will also help strengthen technical underwriting standards and drive long-term, profitable ... Read the full article
Miller launches property smart follow facility powered by InsurX
24th June 2025
Miller, the independent specialist insurance and reinsurance broker, has launched MillerBoost, a Property smart follow facility that aims to help brokers and clients move faster and with greater confidence in a rapidly evolving risk environment. MillerBoost combines tracking and algorithmic capacity to deliver speed, precision, and access to A+ rated Lloyd’s ... Read the full article
Price Forbes appoints Suvimol Sathanart as Head of Property, Asia
23rd June 2025
Global specialty broker Price Forbes has announced the appointment of Suvimol Sathanart as Head of Property, Asia. Based in Singapore, Sathanart will report to Julian Coates, Chief Broking Officer at Price Forbes. In her new role, she will be responsible for the growth and development of Price Forbes’ property business across the ... Read the full article
Q1’25 property claims hit five-year low despite severe weather: Verisk
19th June 2025
According to Verisk’s Quarterly Property Report, claims volume continued to decline in the first quarter of 2025, reaching a five-year low despite significant weather events in several regions. The quarter ended with a total of 1,059,323 claims, comprising 700,394 non-catastrophe (non-CAT) claims—the lowest in five years—and 358,929 catastrophe (CAT) claims. Overall claim ... Read the full article
Aurora launches Lloyd’s-backed Property Owners insurance product
10th June 2025
Aurora, an algorithmic commercial insurance platform, has launched a new Lloyd’s-backed Property Owners insurance product, aiming to enhance how brokers access and place Property risks. The product leverages Aurora’s digital insurance platform and real-time data enrichment to offer comprehensive cover up to £3.5 million, with plans to increase capacity in the ... Read the full article
Hurricane associated risks are driving unexpected challenges: Cotality
29th May 2025
Hurricane associated risks are distorting property markets in locations previously considered stable, not due to direct storm impact, but due to escalating insurance challenges, a recent report by Cotality has revealed. The 2025 Hurricane Risk Report highlights that homeowners in these unexpected areas are dealing with a number of challenges, including ... Read the full article
DUAL Climate Risk & Resilience launches two new property insurance products
14th May 2025
DUAL’s Climate Risk & Resilience team has launched two new products, designed to provide insurance to owners and investors to protect the value of their assets and unlock finance during the transition to a sustainable economy. Both DUAL Energy Efficiency Retrofit (EER) insurance and DUAL Environmental Investment Protection (EIP) insurance have ... Read the full article
Riskonnect & MAPTYCS partner to enhance property and climate risk management
25th April 2025
Riskonnect, a provider of integrated risk management software solutions, has formed a strategic partnership with MAPTYCS, a geospatial platform for property risk analysis and event response, to offer a faster, more efficient approach to managing property and climate risks. This partnership provides corporate and insurance risk professionals with access to accurate, ... Read the full article
Apex Star enters Florida insurance market
11th April 2025
Florida insurers regulators have approved Apex Star Reciprocal Exchange as the 12th insurer to enter the state since legislative reforms were passed in the last two years to stabilise the market. Apex Star Reciprocal Exchange is a property and casualty insurer part of Starlight Insurance Group, based in New Port Richey, ... Read the full article
RenRe’s integrated underwriting strategy better serves clients: O’Donnell, CEO
27th March 2025
Kevin J. O’Donnell, President and CEO of RenaissanceRe, explained that the company’s underwriting approach combines property lines with casualty and specialty to create an optimally efficient portfolio, enhancing its capacity to solve customers' problems. In his recent Letter to Shareholders, O'Donnell emphasised that each of RenRe's business lines has a unique ... Read the full article
Chaucer launches algorithmic smart consortium in international D&F property market
25th March 2025
Chaucer, a specialty insurance and reinsurance group, has launched a new international D&F property smart consortium, leveraging InsurX's exchange technology. The initiative introduces algorithmic capacity to the international D&F property market, allowing London market brokers to seamlessly follow Chaucer's quotes using InsurX’s exchange technology for internationally domiciled clients – regardless of ... Read the full article
Louisiana property insurance market shows improvement after reform package
11th March 2025
Since the implementation of Commissioner Tim Temple's property insurance reform package in 2024, Louisiana's insurance market has seen notable improvements, with new insurers entering the market and existing ones reducing their rate increases. The Louisiana Department of Insurance (LDI) has approved the licensing of 10 new homeowners insurers since early 2024, ... Read the full article
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