Topic
Property and catastrophe insurance
579 stories · tracked since Aug 9, 2024 · latest Nov 7, 2026
Property and catastrophe insurance covers physical assets against damage from fire, storm, flood and quake. The catastrophe layer is the part where one event hits many policies at once.
How property cover and catastrophe risk work
A property policy pays for damage to buildings and contents, and the policyholder pays a premium and carries a deductible. Insurers write many such policies, but one hurricane, wildfire or windstorm can damage thousands at once. To survive that, carriers buy reinsurance, often as excess-of-loss layers or catastrophe bonds sold to capital-markets investors. Brokers place the risk, modelling firms estimate losses, and data providers publish industry loss figures after each event.
Why it is hard to price and keep available
Catastrophe losses are lumpy and correlated, so a run of mild years says little about the next bad one. Climate change, building in exposed places and rising repair costs push models and rates around. Where private carriers retreat, states and governments step in with residual markets or pools, such as flood schemes, and homeowners face higher premiums or thinner cover. Surplus lines carriers fill the gap for risks standard insurers decline.
What the activity below shows
Activity centres on brokers and reinsurers rather than startups: Aon, Howden, Gallagher, Marsh McLennan Agency and Swiss Re appear often alongside data and analytics providers such as Verisk, CatIQ and AM Best. After each major storm, loss estimates arrive from modelling firms and industry data providers. Alongside that are launches of new specialty carriers and facilities, and appointments in reinsurance broking.
Where technology is being applied
Newer entrants mostly sell tools rather than balance-sheet cover: wildfire risk models, property-level analytics, claims platforms for homeowners and AI workspaces for underwriting and reinsurance. Managing agencies and carriers adopt these to sharpen exposure analysis. There is also experimentation with new structures, such as parametric cover, transactions that combine property catastrophe with cyber risk, and facilities spanning several lines. The same stories often fall under product launches, partnerships and claims.
Written by Insurtech Daily from the coverage below.
Most active here
Often alongside
Reported by
Reinsurance News, Insurance Journal, Insurance Business, Coverager, Artemis, Insurtech Insights, Digital Insurance, Insurance Business UK, Carrier Management, Beinsure
Coverage
-
How far can P&C insurance carriers take agentic AI?
-
Aon establishes North American Healthcare unit led by Nick Gaudiosi
Aon, a global insurance and reinsurance broker and risk adviser, has launched a North America Healthcare vertical within its Risk Capital business, led by Nick Gaudiosi. The division will serve US health systems…
-
InsurGrid Launches AI-Powered Policy Change Monitoring to Flag Cancellations, Non-Renewals and Coverage Changes for P&C Agencies
InsurGrid has launched AI-powered Policy Change Monitoring, which refreshes connected client policies every 15 days and alerts P&C agencies to cancellations, non-renewals and coverage changes before renewal.
-
Double-digit price declines in property cat reinsurance likely to persist, says JP Morgan
JP Morgan, the US-based global investment bank and financial services company, expects double-digit price declines in property catastrophe reinsurance to persist into 2027, as strong industry profitability, relatively…
-
People on the move in the P&C insurance industry: November 6, 2026
-
Lloyd’s syndicate Cortina launched by Aon and Blackstone funds with QBE as managing agent
Cortina syndicate 1956, a new syndicate at the specialist Lloyd’s insurance and reinsurance marketplace that will provide dedicated, multi-year reinsurance capacity, has been launched by global broking group Aon and…
-
Aon and Blackstone funds launch Cortina, a new Lloyd’s syndicate offering efficient reinsurance
-
Burgeon targets law firms with contingency fee insurance
Burgeon received Texas P&C and surplus lines agency licenses on October 21 and November 5, 2026, respectively.
-
New Partnerships at Hippo, Donegal, Mitchell
Hippo Holdings Inc. announced a strategic partnership with the Innovations segment of Greenlight Capital Re Ltd. that connects opportunities to invest in emerging managing general agents with carrier and reinsurance…
-
Global InsurTech funding fell 44.6% to $1.36bn in Q3’26: Gallagher Re
Reinsurance broker Gallagher Re’s latest Global InsurTech Report found that global InsurTech funding fell 44.6% to $1.36 billion in Q3 2026 compared with the previous quarter, driven by a reduction in mega-round…
-
RiverStone International enters into $325m LPT with Clear Spring
Global legacy acquirer RiverStone International has entered into a loss portfolio transfer (LPT) with Clear Spring Property and Casualty Company, a subsidiary of Delaware Life Insurance, covering approximately $325…
-
Tanzania Secures $997,000 AfDB Grant to Expand Climate Insurance for Farmers
-
Aon launches healthcare Risk Capital vertical
The team will help clients assess risk and determine how to finance it through insurance, reinsurance, captives and alternative capital.
-
Insurity Challenges the P&C Insurance Industry to Rethink Who Owns AI as Core Platforms Race to Acquire It
-
Patriot names Rajeev Jain COO
Patriot provides property and casualty, employee benefits and personal insurance services.
-
Data centres won’t move the needle on insurance sector top line: Autonomous
Analysts at Autonomous said they do not expect the data centre trade to move the needle for the insurance sector, suggesting the opportunity set will add just ~1% to the overall commercial P&C market through 2030…
-
Around the P&C insurance industry: November 4, 2026
-
Protective completes Obsidian acquisition, establishing new specialty P&C business line
Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, has completed its acquisition of Obsidian Insurance Holdings, Inc. and its affiliates (Obsidian) from private equity firm…
-
ECB’s Lagarde Urges Europe to Boost Climate-Related Insurance, Resilience
European Central Bank President Christine Lagarde urged Europe on Wednesday to boost climate-related insurance, invest more in power infrastructure and help companies generate their own electricity, saying last summer’s…
-
AIG tops profit forecasts even as storms take a bite out of underwriting
Investment income and broad premium growth have pushed the insurer past Wall Street’s expectations, but catastrophe have hit its US commercial book
-
Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative…
-
Premia acquires Cowen Reinsurance from TD Bank
Premia Holdings Ltd., the insurance and reinsurance group with operations in Bermuda, the US, the UK and Continental Europe, has completed its acquisition of Ramius Enterprise Luxembourg Holdco S.à r.l. and its…
-
Legacy Specialist RiverStone Enters ILS Market; Completes QBE Loss Portfolio Transfers
RiverStone International, the Bermuda-based legacy acquisition specialist, announced two major loss portfolio transfer (LPT) reinsurance deals, including its first involving the insurance-linked securities (ILS) market.…
-
Vantage hires Lisa Pickard to lead new Fac reinsurance business
Vantage Group Holdings Ltd., a specialty insurance and reinsurance business, has launched a new Facultative Reinsurance line of business, led by industry executive Lisa Pickard as President. Reporting directly to…
-
Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative…
-
InsurTech 2026: AI Underwriting & Parametric Payouts Reset
-
Protective Life enters specialty P&C with $1 billion fronting carrier acquisition
Daiichi Life’s US arm now owns one of the largest hybrid fronting carriers, with more than $1 billion in gross written premium, a rare move by a life insurer into specialty P&C
-
PERILS places final industry loss from Australia East Coast SCS at AU$1.6bn
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed its fourth and final industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) of late October 2025, placing the loss…
-
Kyber Integrates with Sinch Mailgun to Bring Scalable, Auditable Email Delivery to P&C Claims Teams
New integration expands Kyber’s email fulfillment ecosystem, giving insurance carriers more choice in how they securely deliver high-volume policyholder communications.
-
Who's using what in P&C insurance: November 2, 2026
-
Jaguar Risk names Brian McGuire as CFO and Daniel Edri as Account Executive
Jaguar Risk, a specialty reinsurance brokerage, managing general underwriter, and risk advisory platform, has appointed Brian McGuire as Chief Financial Officer (CFO) and Daniel Edri as Account Executive. To remind…
-
Markel Expects to See Runoff Certainty With Enstar’s $1.2B Adverse Development Cover
Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e…
-
California Finalizes Long-Term Solvency Requirements for Insurers
California insurers will be required to assess how climate risks, artificial intelligence, cyber threats and other challenges could affect their financial strength over the coming decades. California Insurance…
-
Liberty Mutual Re explores cyclone data backup
Parametric insurance promises fast payouts—but needs reliable data. LM Re is exploring a backup for when that data goes missing.
-
RiverStone International completes $1.6bn LPT reinsurance transactions with QBE
Global legacy acquirer RiverStone International has completed its previously announced loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately $1.6 billion in reserves. The…
-
Markel Expects to See Runoff Certainty With Enstar’s $1.2B Adverse Development Cover
Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e…
-
Hippo’s casualty book now outweighs homeowners as program platform drives 60% premium growth
The former homeowners insurtech keeps only about 30% of its premium as it reshapes itself around MGA and program partners
-
MS Amlin launches AI tool to halve reinsurance wording reviews
Wordy Bot flags missing clauses and wording changes ahead of the 1 January renewals
-
Link Broker Europe enters CEE and SEE reinsurance markets under Josip Malenica
Josip Malenica, previously Head of Reinsurance at GrECo Specialty, has launched Link Broker Europe d.o.o., a new brokerage operating from Croatia and specialising in facultative reinsurance placements across Central…
-
ORA selects INTX operating system for treaty and facultative reinsurance
-
ORA selects INTX operating system for treaty and facultative reinsurance
-
AXIS Capital grows premiums 11% but acquisition costs rise
Rising acquisition costs from AXIS Capacity Solutions offset insurance growth as casualty non-renewals pull reinsurance net premiums lower
-
Europe Parametric Insurance Technology Platforms Market Is Going to Boom |• Zego • Wrisk
-
Arch reports $1 billion profit as reinsurance premiums decline
Gross premiums written were roughly flat at $5.39 billion.
-
Sustainability and climate resilience must be embedded into modern business strategy
-
Munich Re and Africa Finance Corporation launch $1bn managed debt mobilisation programme
Global reinsurance group Munich Re has partnered with Africa Finance Corporation (AFC) to launch a US$1 billion Unfunded Managed Debt Mobilisation Program (UMDMP), delivering a programmatic credit risk-sharing facility…
-
P&C Insurance Software Spending Shifts Toward Core Systems and Data Capabilities in 2026
-
P&C Insurance Software Spending Shifts Toward Core Systems and Data Capabilities in 2026
-
P&C Insurance Software Spending Shifts Toward Core Systems and Data Capabilities in 2026
-
Ardonagh to bring global MGA businesses under Orvia brand
Orvia covers professional, financial, high-net-worth, marine, cyber, P&C and specialty lines.
-
‘A little too London-centric’ - insurance’s dementia campaign looks beyond the Square Mile
With more than £13m raised, Insurance United Against Dementia wants regional brokers, reinsurers and life and protection firms to play a bigger part in its next phase
-
EU proposes climate-resilience law alongside insurance, technology measures
-
EU proposes climate-resilience law alongside insurance, technology measures
-
EU proposes climate-resilience law alongside insurance, technology measures
-
Parametric gets personal: AI brings business product to homeowners
-
Symetra and TIAA launch Mariner Re
Mariner Re will support Symetra’s annuity growth through flow reinsurance.
-
CopperPoint completes acquisition of General Indemnity Group
CopperPoint Insurance Company, a specialty provider of workers’ compensation and commercial property and casualty insurance solutions, has completed its acquisition of General Indemnity Group (GIG) from Boston Omaha…
-
Symetra partners with TIAA to launch sidecar-like life and annuity reinsurer Mariner Re
-
Understanding Insurance: MGAs, Fronters, and Reinsurers
Who really owns your insurance policy?
-
Synthetik and Marsh Re extend CityScape collaboration
Synthetik Insurance Technologies (Synthetik), a provider of advanced modelling tools for man-made and natural catastrophe risk, has extended its agreement with Marsh Re for a further three years, covering extensive…
Showing the 60 most recent of 579.