RockRose Risk, a climate-focused insurance brokerage and captive underwriting manager that specializes in wildfire-exposed commercial property insurance in the U.S., raised $9 mn in funding to expand its brokerage platform focused on wildfire-exposed properties. CEO and founder Andrew Engler confirmed the financing.
The company concentrates on insurance placement for properties facing elevated wildfire exposure.
Climate-driven losses and tightening underwriting standards have reduced coverage availability across several high-risk regions, especially in the western United States.
According to Beinsure analysts, wildfire risk increasingly forces insurers to revise underwriting models and reduce exposure in areas with persistent catastrophe losses. That shift leaves many property owners searching for specialized insurance solutions.
Across the country, carriers are retreating from wildfire-prone areas. Premiums have doubled – or tripled. Hundreds of thousands of property owners have been non-renewed and left scrambling for coverage with no one advocating for lower rates.
The reason? Legacy risk models can’t see what you’ve already done. They score your community the same whether you’ve invested millions in fuel reduction or nothing at all.
RockRose fixes that – we bring carriers a true risk picture, backed by on-the-ground data and fire behavior science, so your premiums finally reflect reality.
Andrew Engler, CEO and founder
RockRose positions itself as an intermediary for clients unable to secure traditional homeowners or commercial property policies.
The broker connects property owners and businesses with insurers willing to underwrite wildfire exposure under tailored structures.
Recent wildfire losses pushed several insurers to withdraw or scale back coverage in vulnerable markets. Availability tightened after consecutive catastrophe seasons produced large underwriting losses.
The new capital will support expansion of RockRose’s brokerage platform and the development of additional coverage structures for wildfire-exposed portfolios.
Management plans to strengthen risk placement capabilities while responding to growing demand for climate-focused insurance solutions.
Investor interest in companies operating within climate-risk insurance infrastructure continues rising. Extreme weather events and evolving catastrophe models drive structural changes across property insurance markets.
