Reinsurance
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance ...
AM Best Data Insights: FAIR Plan, E&S Growth Soars in California
A newly published AM Best report reveals the extent to which California homeowners policyholders have turned to the state's insurer of last resort and to the nonadmitted market for insurance in ...
Why the LA Wildfires Should Not Have Been a Surprise Loss
The January 2025 LA Wildfires caused unprecedented losses, but those losses should have been anticipated by insurers. The purpose of catastrophe models is to prepare insurers for losses that haven't ...
LA Fire-Related Capital Hit Prompts State Farm Emergency Rate Request
State Farm General Insurance revealed that it has asked the California Department of Insurance to approve an "interim emergency" homeowners insurance rate hike, citing declining capital and a ...
Property-Cat Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs
RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe ...
InsurTechs Highlight New Approaches to Wildfire Insurance
Years before the January 2025 Palisades and Eaton fires sparked in high-wind conditions in Southern California, growing to rank among the top three most destructive in U.S. history, InsurTechs ...
Delos Insurance Solutions Tackles a Nonstandard Peril: Wildfire
Kevin Stein believes that wildfires no longer fit into the standard insurance market. Stein is the CEO of Delos Insurance Solutions, an MGA that focuses on homeowners insurance in California. When he ...
Parametric Insurance Meets the Wildfire Peril: InsurTech Kettle Responds
Could parametric insurance become a bigger piece of the wildfire insurance market? Kettle is an insurance and reinsurance MGA built around a proprietary wildfire model that was developed using AI and ...