News
Starwind Specialty's new program to address high-value homes’ unique risk profiles
3+ day, 1+ hour ago (181+ words) 9th July 2026 - Author: Kassandra Jimenez-Sanchez - Starwind Specialty Insurance Services, a CRC Group company, has launched Starwind High Value Homes, a new underwriting management program specialising in insurance solutions for high-value residential properties. The Starwind High Value Homes program has been designed…...
Travelers launches proprietary LLM tailored to property casualty business
1+ week, 2+ day ago (229+ words) 2nd July 2026 - Author: Beth Musselwhite - The Travelers Companies, Inc., a provider of property and casualty insurance for auto, home and business, has developed TravelersLLM, a proprietary large language model tailored to its property and casualty business. Trained on millions of company…...
Demex launches “first-of-its-type” winter storm reinsurance product
1+ week, 6+ day ago (401+ words) 29th June 2026 - Author: Kassandra Jimenez-Sanchez - Demex, a technology-enabled reinsurance solution provider, has announced a new winter storm product, to protect primary carriers from losses caused by unexpected storms, cold temperatures, and heavier than usual snowfall. While winter storms are frequently underestimated,…...
Orion180 lifts reinsurance cover 36% to $1.15bn for 2026 hurricane season
3+ week, 3+ day ago (205+ words) 17th June 2026 - Author: Beth Musselwhite - Insurance solutions provider Orion180 Insurance has successfully completed its reinsurance programmes ahead of the June 2026 treaty renewals, securing $1.15 billion of capacity across its towers, a 36% year-on-year increase. The reinsurance programme covers Orion180’s growing admitted and surplus lines…...
Reinsurance pricing down 22.8% across Gallagher Re's portfolio at June Florida renewal
3+ week, 3+ day ago (746+ words) 17th June 2026 - Author: Kane Wells - Reinsurance pricing declined by an average of 22.8% across Gallagher Re’s portfolio at the June 2026 Florida renewal, reflecting a sharp softening driven by abundant capacity, improved terms and conditions, and the continuing impact of 2022 legislative reforms, according…...
Liberty and ICEYE launch new parametric wildfire insurance solution
3+ week, 6+ day ago (322+ words) 15th June 2026 - Author: Kassandra Jimenez-Sanchez - 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. Liberty’s remotely sensed parametric property wildfire solution…...
E&S insurance growth slows as property pricing weakens in May 2026 update: TD Cowen
1+ mon, 1+ week ago (316+ words) 3rd June 2026 - Author: Taylor Mixides - TD Cowen, an investment bank and research firm, has issued a report titled, Our Thoughts on the E&S Market, reviewing recent developments in the excess and surplus (E&S) insurance sector. In its analysis, TD Cowen…...
Federal insurance backstop to boost Canada's resilience to earthquake risk: Morningstar DBRS
1+ mon, 2+ week ago (334+ words) 28th May 2026 - Author: Taylor Mixides - PACICC has previously cautioned that a severe earthquake could exceed the capacity of the insurance sector, potentially resulting in multiple insurer insolvencies and placing strain on its compensation framework in the absence of a government-supported mechanism....
Frontline gets new Florida reciprocal insurer FIRE rated by KBRA - Reinsurance News
1+ mon, 2+ week ago (158+ words) 26th May 2026 - Author: Kassandra Jimenez-Sanchez - Credit rating agency KBRA has assigned a BBB+ Insurance Financial Strength Rating (IFSR) to Frontline Insurance Reciprocal Exchange (FIRE), a newly formed Florida-domiciled reciprocal insurer. The Outlook for the rating is Stable. A key driver of…...
Hippo expands multi-peril coverage to include wildfire with latest catastrophe bond
1+ mon, 3+ week ago (285+ words) 19th May 2026 - Author: Kassandra Jimenez-Sanchez - Hippo, a technology-native insurance group, has announced the closing of Mountain Re Ltd. (Series 2026-1), a $100 million catastrophe bond which provides multi-year collateralized reinsurance protection against a broad range of U.S. perils. Sponsored by Spinnaker Insurance Company, a…...