Insurance archive
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6 stories
- Insurance Credit
Bermuda guarantor Verdant Rock gets A financial strength rating from Morningstar DBRS
The Bermuda-based guarantor was founded in 2025 and also holds a BBB+ financial strength rating from Fitch.
- Cat bonds & reinsurance
Bermuda Stock Exchange lists 169 new cat bond and ILS structures in three quarters
Artemis.bm puts the exchange at 731 cat bond and related ILS listings, almost 93 per cent of the market it sizes at $67.4 billion.
- Insurance regulation
NAIC reviews statutory treatment of life insurers' rated note feeders
Fund finance allocations rose to 1.9% of cash and invested assets in 2025 from 1.3%, per a Moody's survey of rated US life insurers.
- The Wrap
Tokio Marine, Schroders, IFC and BlueOrchard in $2bn fund launch
The Oct. 12 log entry gives a fund-level size but no individual commitments or strategy.
- The Wrap
SageSure takes stake in Bermuda ILS manager Pillar Capital, funded by Ares debt expansion
Pillar will keep its Bermuda team, its strategy and a substantial management ownership stake, and neither the price nor the size of the SageSure stake was disclosed.
- Cat bonds & reinsurance
SageSure takes stake in Bermuda ILS manager Pillar Capital
Pillar will stay independent, keep its Bermuda team and investment strategy, and management will retain a substantial ownership stake; the report does not specify the stake size or price.
3 stories
- The Wrap
NOAA puts 81% probability on very strong El Niño
WTW reports record Bermuda property capacity and slowing rate cuts, while Moody's says El Niño season counts say little about annual losses.
- The Wrap
Tokio Marine commits $300 million to IFC-BlueOrchard credit fund
Tokio Marine HCC is seeding the evergreen fund with $100 million and Tokio Marine & Nichido Fire is adding $200 million at the first close.
- Insurance regulation
Aegon shareholders approve Delaware redomiciliation and Transamerica rebrand
The vote covered the redomiciliation and an omnibus incentive plan; Aegon expects to repurchase Vereniging Aegon's B shares on Oct. 15.
5 stories
- Insurance regulation
Aegon shareholders approve redomiciling the insurer to New York
Shareholder approval clears a step toward moving the insurer's domicile but does not confirm completion.
- The Wrap
Eiopa sets pre-authorisation expectations for private-equity-backed EU insurers
The supervisory statement covers portfolio transfers, stake acquisitions and mergers and follows a February consultation on the draft.
- Insurer portfolios
Tokio Marine HCC commits $100M as seed investor in IFC, BlueOrchard fund
Tokio Marine & Nichido Fire adds $200 million, bringing the group's anchor commitment to $300 million at the evergreen fund's first closing.
- The Wrap
Fitch raises Beazley Insurance financial strength rating to AA after Zurich deal
The agency also lifted Beazley plc and its Dublin unit to AA- and expects combined specialty volumes around $15 billion.
- Insurer portfolios
Selective Insurance Group names Vaib Kalia permanent chief investment officer
Kalia has led Selective's investment function on an interim basis since June and was previously its head of fixed income.
8 stories
- Insurance Credit
Fitch upgrades Beazley Insurance's financial strength rating to AA after Zurich deal
The agency also raised Beazley plc and its Dublin subsidiary to AA- and expects the combined specialty platform to generate business volumes of around $15 billion.
- Cat bonds & reinsurance
Florida declares state of emergency as Isaias expected to become hurricane in the Gulf
Hurricane watch covers Bay St. Louis, Mississippi, to Indian Pass, Florida; landfall possible late Friday or early Saturday.
- Cat bonds & reinsurance
Moody's maps El Niño's split perils as Atlantic stays quiet and Pacific loads
NOAA puts an 81% probability on a very strong El Niño peak from October to December, and Moody's says season counts say little about annual losses.
- The Wrap
Pacific Life Re enters US longevity with $3bn American National deal
The reinsurer's first US longevity trade through its Savings and Retirement business assumes pension risk transfer liabilities.
- Insurance regulation
United Specialty and State National sue U.S. Bank over $14M in reinsurance trust principal
The complaint alleges the bank moved principal out of two 2021 reinsurance trusts after the grantor’s CEO requested $13.5 million and $580,000 described as income.
- Cat bonds & reinsurance
WTW sees record Bermuda property capacity as Class of 2026 carriers write quota share
The report says property rate cuts in Bermuda are slowing while new carriers compete on coverage and attachment points rather than price.
- Insurance regulation
Cayman reinsurers ask NAIC to rethink jurisdiction-based recapture charge
Circa, the Cayman reinsurers' association, argues the proposal would penalise a domicile rather than an individual reinsurer's capitalisation or ability to pay claims.
- Insurance regulation
Eiopa sets pre-authorisation expectations for EU's PE-backed insurers
The supervisory statement covers portfolio transfers, qualifying-holding acquisitions and mergers, and follows a February consultation on the draft.
3 stories
- Insurer portfolios
AM Best finds Iran conflict hits UAE insurers' asset valuations
War-risk add-on premiums have repriced and are mostly ceded, while local equity and bond swings reach the investment book, the April 14 report finds.
- Cat bonds & reinsurance
Pacific Life Re completes $3bn longevity reinsurance deal with American National
The reinsurer assumes longevity risk on $3bn of US pension risk transfer liabilities, its first US longevity trade through the Savings and Retirement business.
- The Wrap
Aon and AM Best place September nor'easter loss in the hundreds of millions
AM Best has attached Polo to the same range, with both figures still estimates rather than results.
6 stories
- The Wrap
AM Best cuts SanlamAllianz Re to B++ as Enact Re keeps its A-
The cut lands in a half-year when AM Best counted U.S. property/casualty downgrades at nearly half the prior-year level and life/health upgrades at twice the number of downgrades.
- Cat bonds & reinsurance
Aon estimates nor'easter losses in hundreds of millions; AM Best puts Polo in same band
The nor'easter is dated to late September and located in the Mid-Atlantic and Northeast, and both figures arrive as estimates rather than results.
- The Wrap
AM Best flags $30 billion of fronting premium backed by unrated reinsurance
Conning's August 2026 study found fronting programs' initial loss ratios developed adversely in each of the past seven accident years.
- The Wrap
Bermuda regulator flags outsourced private-credit risk; Talcott closes $6.3bn Lincoln deal
Lincoln keeps administration and expects the July-announced deal to lift medium-term annual subsidiary remittances by $30m to $40m.
- Insurance regulation
Bermuda Monetary Authority tells insurers they still own the risk in outsourced private credit
Gerald Gakundi said boards must be able to explain their private-credit holdings to the authority, while Blackstone and Global Atlantic pushed back on claims of opacity.
- The Wrap
Talcott Resolution completes $6.3bn Lincoln guaranteed universal life reinsurance
Lincoln will keep administering the policies and expects the July-announced deal to lift medium-term annual subsidiary remittances by $30m to $40m.
6 stories
- The Wrap
AM Best affirms Enact Re's A- rating, flagging its limited business profile
The Class 3A Bermuda reinsurer takes quota share from a North Carolina mortgage insurer inside Enact Holdings and has increased net income each year since 2023.
- Cat bonds & reinsurance
Talcott completes $6.3bn Lincoln reinsurance deal on guaranteed universal life
Lincoln will continue to administer the policies and expects the transaction, announced in July, to lift medium-term annual subsidiary remittances by $30 million to $40 million.
- Insurance regulation
AM Best cuts SanlamAllianz Re's financial strength rating to B++ from A-
The long-term issuer credit rating moved to bbb+, and the agency's review status is now developing implications.
- Insurance regulation
AM Best: proposed terrorism backstop changes could increase trigger to $10 million
The commentary says insurers would take on more terrorism losses, and the source material names no sponsor, bill number or timeline.
- The Wrap
Zurich completes $10.7 billion Beazley acquisition and names Terryn specialty CEO
Beazley shares delist from the London Stock Exchange on 2 October, holders on the 30 September register are due 1,310 pence a share on 15 October, and the specialty CEO appointment is subject to regulatory approval.
- The Wrap
Zurich completes $10.8bn Beazley acquisition, adding a Bermuda cyber ILS platform
The acquired platform carries a Class 4 licence, $500 million earmarked, and a $400 million cyber ILS premium target for 2030.
3 stories
- Cat bonds & reinsurance
Zurich completes $10.8bn Beazley takeover, adding Bermuda cyber ILS platform
Beazley's Bermuda platform comes with a Class 4 licence, $500 million earmarked and a $400 million premium target for 2030.
- Insurance regulation
AM Best affirms A-level ratings on Barbados reinsurer Active Capital Re
The October 1 affirmation leaves the outlook unstated, so whether AM Best sees the credit as stable, positive or negative is not in the notice.
- Insurance regulation
AM Best reports fewer P/C downgrades and more life/health upgrades in H1 2026
The life/health summary reports twice as many upgrades as downgrades; the P/C summary counts downgrades at nearly half the prior-year level.