US company Bamboo Insurance has begun offering homeowners coverage in Texas.
The company, which already operates in California, noted that it has continued to serve the state after a number of other carriers withdrew.
Go deeper with GlobalData
Bamboo will apply its approach to underserved and disrupted markets in Texas and intends to provide personalised home insurance products tailored to individual needs.
The company is set to introduce its “here for good” approach in Texas, aiming to offer homeowners an accessible insurance service.
Bamboo Insurance CEO John Chu said: “We have always believed that insurance should be simple, transparent, and, most importantly, human.
“In California, we have been there for our customers when others walked away, and we are proud to bring that same commitment to Texas.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“We have been assessing the current coverage situation in Texas for some time now and are confident we can bring peace of mind and fair coverage to the Texans who need it the most. We are proud to serve Texas.”
Bamboo operates as a managing general agency authorised to sell property‑casualty insurance products.
In October 2023, White Mountains Insurance agreed to acquire a majority stake in Bamboo Ide8 Insurance Services.
White Mountains invested approximately $285m in Bamboo, supporting Bamboo’s expansion and securing roughly 70% of the company’s shares.
The transaction was subject to regulatory approvals and closed in the first quarter of 2024.
