Reinsurance News
wildfire
Liberty and ICEYE launch new parametric wildfire insurance solution
15th June 2026
As wildfires increase in frequency and severity, Liberty Mutual Reinsurance and ICEYE, a provider of satellite-based disaster management solutions, have partnered to launch a new parametric wildfire insurance solution. This collaboration addresses the urgent need for faster risk solutions for wildfire-prone communities, leveraging high-resolution satellite data to provide immediate, rapid payouts ... Read the full article
Mercury Insurance invests in BurnBot to advance wildfire mitigation
15th May 2026
Mercury Insurance, a California-based provider of auto and home insurance, has made a strategic investment in BurnBot to advance wildfire mitigation and support more affordable and accessible insurance coverage. BurnBot is a wildfire mitigation technology company that develops and operates robotic, data-driven systems for hazardous fuels reduction and vegetation management. The ... Read the full article
Delos Insurance Solutions strengthens leadership team amid expansion plans
25th February 2026
Delos Insurance Solutions, a property insurance managing general agent, has made a series of senior leadership changes as it prepares for its next phase of expansion. The company specialises in home insurance solutions, particularly in markets where many traditional carriers have reduced or withdrawn coverage. By combining proprietary wildfire science with ... Read the full article
BirdsEyeView secures funding to accelerate expansion and product development
14th January 2026
Insurtech BirdsEyeView has announced that it has secured an undisclosed seven-figure investment to support continued international expansion and the development of its wildfire model. Backed by the European Space Agency, BirdsEyeView provides global multi-peril natural catastrophe modelling and exposure management software for re/insurers, MGAs, and brokers. Its platform combines high-resolution satellite ... Read the full article
FutureProof Technologies to enhance wildfire coverage with Terrafuse AI acquisition
11th November 2025
FutureProof Technologies, a venture-backed insurtech startup, has entered into a definitive agreement to acquire Terrafuse AI, a provider of wildfire risk analytics. The acquisition combines FutureProof’s AI-powered underwriting and pricing platform with Terrafuse’s patented wildfire prediction technology, creating a comprehensive platform to deliver next-generation insurance coverage in wildfire-affected states. Following the devastating ... Read the full article
AXA XL supports CCRS report on rising wildfire risks and role of re/insurance
27th October 2025
AXA XL supported the publication of a new report by the Cambridge Centre for Risk Studies (CCRS), which highlighted the increasing frequency and severity of wildfires in California and the critical role of the re/insurance industry in enabling an effective recovery after such events. The research showed that wildfires have joined ... Read the full article
Delos expands wildfire coverage to 265,000 additional California homes
23rd October 2025
Delos Insurance Solutions, a property insurance managing general agent (MGA), has announced it will insure 265,000 additional homes across five southern California counties. Delos currently provides coverage for homes across California and the Western US, insuring 2.5 million homes in Los Angeles, Orange, Riverside, San Bernardino, and San Diego counties. The ... Read the full article
Casualty insurers to be impacted by Los Angeles wildfires: Moody’s
18th July 2025
The insurance industry is bracing for a multi-million dollar impact, with casualty insurers facing significant liabilities from various potential triggers following the devastating wildfires that impacted Los Angeles in January 2025 - which burned over 50,000 acres and 20,000 structures and claimed 30 lives - according to a recent report ... Read the full article
ImageCat partners with Green Shield to expand wildfire risk data offerings
9th July 2025
ImageCat, a technology firm focused on risk and exposure analytics for the insurance, finance, and emergency management sectors, has partnered with Green Shield Risk Solutions, a specialist in wildfire risk assessment and mitigation data, to integrate its proprietary Property Guardian data into ImageCat’s Inhance and FACFinder platforms. Green Shield’s Property Guardian ... Read the full article
Advanced analytics key to managing wildfire risk: Lockton Re & Green Shield
4th July 2025
As wildfire risk continues to rise, portfolio managers need advanced analytics that not only identify property-specific risk but also integrate these insights across the insurance value chain to build greater resiliency, according to a recent report by reinsurance broker Lockton Re and Green Shield Risk Solutions, a specialty insurance services ... Read the full article
FortressFire, BMS and EPIC launch Fine Art Wildfire Insurance Program in California
30th June 2025
FortressFire, a provider of wildfire analytics and property-specific protection services, brokers BMS Group and EPIC have come together to launch the Fine Art Wildfire Insurance Program to protect high-value collections in California. This product, officially introduced in June 2025, has been designed for property owners with valuable collections, offering tailored wildfire ... Read the full article
Reinsurers may re-evaluate Canadian exposure amid rising wildfire losses: Morningstar DBRS
10th June 2025
With Canada’s 2025 wildfire season poised to become one of the most destructive on record following a historically damaging 2024, reinsurers are likely to re-evaluate their Canadian exposure, according to a recent report by Morningstar DBRS. As of June 2025, Canada’s wildfire season is once again testing the resilience of the ... Read the full article
$2.15trn in US property value at risk of wildfire damage: ZestyAI
27th February 2025
$2.15 trillion worth of U.S. residential property is at high risk of wildfire damage, according to a new AI-powered analysis from ZestyAI. The study examined 126 million properties nationwide, finding that 4.3 million homes face significant wildfire risk—extending well beyond traditionally high-risk areas. ZestyAI used AI models trained on data from more ... Read the full article
AM Best revises Mercury’s outlook to negative following LA wildfire losses
20th February 2025
Credit rating agency AM Best has revised the outlooks to negative from stable for Mercury General Corporation and its subsidiaries following significant losses from the recent California wildfires. The fires, which began on January 7, 2025, are estimated to cost Mercury General between $1.6 billion and $2 billion in gross losses. The ... Read the full article
Claims paid for California wildfires reach $6.9bn: Commissioner Lara
14th February 2025
As of February 5, 2025, $6.94 billion has been paid out to insurance policyholders in Southern California for residential and commercial claims related to the January wildfires. This figure was provided in the latest update from California Insurance Commissioner Ricardo Lara’s public consumer claims tracking system. These payouts are helping individuals secure ... Read the full article
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