News
Intelligent Al expands its advanced property risk intelligence operations to US
5+ hour, 1+ min ago (210+ words) 15th April 2026 - Author: Saumya Jain - Insurtech Intelligent AI has expanded into the US market, marking a significant milestone for the firm, building on its strong momentum in the London market. The firm aims to cater to the growing demand from insurers…...
Millions of California homeowners face flood risk as only 1. 4% of properties insured: Neptune Flood
7+ hour, 31+ min ago (319+ words) 15th April 2026 - Author: Kassandra Jimenez-Sanchez - California faces one of the largest flood insurance coverage gaps in the US, according to a recent Neptune Flood report, which revealed that while 2. 3 million properties in the state are expected to face flood risk over…...
Bamboo Insurance expands portfolio with new HO-6 Condominium policy
1+ day, 15+ hour ago (201+ words) Reinsurance News Bamboo Insurance expands portfolio with new HO-6 Condominium policy 14th April 2026 - Author: Taylor Mixides - Bamboo Insurance, a technology-enabled managing general underwriter (MGU), has introduced a new Condominium Unit-Owners (HO-6) insurance policy as part of its broader product expansion strategy....
Property rate declines to pressure top-line growth in 2026: TD Cowen
6+ day, 4+ hour ago (436+ words) 9th April 2026 - Author: Saumya Jain - According to recent analysis by US-based investment bank and research firm, TD Cowen, rate declines, most notably in property, are pressuring top-line growth and underwriting results for specialty and reinsurance carriers in 2026. During the recent April…...
Pen Underwriting agrees long-term partnership to support non-standard property business - Reinsurance News
1+ week, 14+ hour ago (360+ words) 8th April 2026 - Author: Taylor Mixides - Pen Underwriting, a multi-class and multi-territory managing general agent (MGA), has entered into a multi-year strategic arrangement to support its non-standard household insurance portfolio across the UK, Channel Islands, and Isle of Man. From 1 April 2026, a…...
Old Republic establishes new specialised property insurer, led by Everest's Hagerty
1+ week, 1+ day ago (248+ words) 7th April 2026 - Author: Saumya Jain - Old Republic International Corporation, a specialty insurer operating in property & casualty and title insurance, has established Old Republic Property, Inc. , to underwrite specialised property insurance products through a national retail broker distribution network. The new firm…...
APRA warns climate pressures could widen Australia's home insurance protection gap
3+ week, 1+ day ago (324+ words) 24th March 2026 - Author: Beth Musselwhite - APRA's Insurance CVA examined how home insurance coverage may fall under two severe but plausible global climate-related scenarios projected out to 2050. One scenario involved higher physical risks from weather-related events, while the other involved greater economic…...
Citizens rates fall as policy count decline drives lower reinsurance demand
1+ mon, 1+ week ago (263+ words) 5th March 2026 - Author: Kane Wells - Rates are continuing to fall at Citizens Property Insurance Corporation, reflecting a shrinking exposure base as policy counts decline and Florida's property insurance market stabilises. Regulators approved an average 8. 8% rate reduction for homeowners multiperil policyholders this…...
Florida's Citizens eyes $2. 98bn of reinsurance for 2026 risk transfer program
1+ mon, 1+ week ago (453+ words) 4th March 2026 - Author: Kane Wells - Florida's Citizens Property Insurance Corporation has revealed that it aims to secure private reinsurance coverage of approximately $2. 98 billion for its 2026 risk transfer program. According to the firm, coverage would be comprised of $1. 53 billion of existing private…...
Exzeo Group announces flood insurance partnership with Tokio Marine Highland
1+ mon, 2+ week ago (217+ words) 27th February 2026 - Author: Taylor Mixides - Exzeo Group, Inc. , a technology-driven insurance distribution and services company, has announced a strategic partnership with Tokio Marine Highland, a wholly owned subsidiary of Tokio Marine Kiln, an international specialty insurer. Through this agreement, Exzeo will…...