Insurance archive
Every Insurance story, newest first. 396 stories
10 stories
- Insurance Credit
Q2 credit rally brings yield, not diversification
Public and private credit can hide a single refinancing risk even as spreads retrace, an Insurance AUM Journal review warns.
- The Wrap
Conduit reaches outside for CEO as Bermuda book faces repricing
An Aspen Insurance executive will take over as Conduit's CEO, a hire that reads as a mandate to rethink the book.
- Cat bonds & reinsurance
A Toronto storm puts a regional price on soft terms
Gallagher Re sizes the Sept. 2 event at hundreds of millions of dollars — small enough to leave ILS capital unmoved and local enough to sharpen Canadian renewal conversations.
- Insurer portfolios
Sub-$250m carriers are the center of gravity in outsourcing
NAIC data shows penetration up only a tick, but two-thirds of outsourcers are small insurers handing one manager the whole general account.
- Insurance regulation
TRIA's 2034 extension hides a sharper 2029 test
The House would keep the terrorism backstop alive through 2034 and raise the certified-loss threshold to $10 million in 2029, leaving smaller events to the industry's own balance sheets.
- The Wrap
Vantage installs Arch actuary as CRO ahead of growth push
The hire puts a Bermuda-seasoned risk chief in the seat just as Howard Hughes pushes the reinsurer to grow.
- Cat bonds & reinsurance
Health reinsurance's $203 billion structure test
Ceded U.S. health premium has more than tripled since 2016; the harder question is what contract terms the growth was built on.
- Insurer portfolios
Berkshire’s Alphabet stake is a bet on the power underneath AI
Greg Abel ties the $37.8 billion position, plus $10 billion more taken at a discount, to data-center electricity demand—the constraint the credit side of the AI trade turns on.
- The Wrap
Compre's annual reset turns legacy cover into a repricing test
The first renewal in 2027 will show whether Compre holds pricing discipline or gives back terms.
- Insurance regulation
Aegon's US redomicile leaves $800m in Bermuda capital behind
The parent holding company shifts to US regulators while two Bermuda units stay under BMA watch.
3 stories
- Cat bonds & reinsurance
Compre's Lloyd's retro deal: an option on the long tail
The £200m structured adverse development cover is built around annual repricing, which makes the first renewal the real underwriting event.
- Insurer portfolios
EM private credit needs an EM seat
PPM America says insurers should run the loans against country and currency limits, not direct-lending credit assumptions.
- The Wrap
OnePoint BFG strips Northwestern Mutual of 18 advisors and $3 billion
The renamed Bleakley Financial absorbed a team and a three-billion-dollar book from the same insurance-owned firm on one Monday, the clearest sign yet that captive distribution has become liftout inventory.
1 story
- Insurance regulation
Axis Capital keeps its A rating as AM Best writes the cleanup rationale
AM Best left the ratings untouched and wrote its rationale around the 2023 reserve strengthening and the $2.3 billion Cavello Bay loss portfolio transfer that ended the early-2020s volatility.
10 stories
- Insurance regulation
China's fivefold capital floor doubles as an ownership test
The draft Insurance Law rewrite lifts the entry bar fivefold and puts ultimate controllers directly in the supervisor's sights.
- Cat bonds & reinsurance
Samsung insurers move on Canopius control
The reported purchase of another 50% would push the Korean duo toward 90% control and hand Centerbridge Partners an exit, at a moment when strategics and public balance sheets are doing the buying.
- The Wrap
Conduit Re hires a PartnerRe property team
A three-person hire from PartnerRe's catastrophe desk fills Conduit's property leadership.
- Cat bonds & reinsurance
Wildfires open AM Best's top-50 reinsurer table
The January 2025 California fires set the tone for AM Best's new ranking of the world's largest reinsurers.
- The Wrap
A $1.3 trillion surplus becomes the underwriting problem
Fitch's 2027 outlook and the WMO's El Niño call turn January renewals into a test of capital discipline rather than loss capacity.
- Insurance Credit
AM Best Affirms Adamjee at B (Fair)
A quiet rating action that leaves Adamjee’s credit standing exactly where it was, with the next review the only real test.
- Insurance Credit
NEWGT Re exits AM Best; collateral becomes the rating
A Bermudian reinsurer walks away from AM Best after an A- affirmation, subtracting one public comparison from an offshore market whose real test was always collateral.
- Cat bonds & reinsurance
Triangle Eight rides Bermuda's start-up wave with a cost warning
The advisory group's first year tracks a surge of BMA registrations; founder Heather Kitson argues the island's edge now rests on what it costs to stay there.
- Cat bonds & reinsurance
Fitch extends deteriorating reinsurance outlook into 2027
Price declines compounding with looser terms make the January renewals a test of structure as much as balance-sheet strength.
- Insurer–manager partnerships
SafePoint's Arrow stake buys optionality, not a book
The minority investment pairs post-IPO Florida capital with a London MGA built to add underwriting teams; the downside is capped, the upside shared.
5 stories
- Cat bonds & reinsurance
Bermuda life sidecars quadruple to $375 billion, capital test looms
Morningstar DBRS says the island's life and annuity sidecar liabilities have quadrupled in four years, with no known recaptures; the collateral question now sets the terms for growth.
- Cat bonds & reinsurance
AM Best's look-through puts the casualty sidecar tail on sponsors
AM Best sees property-cat rates as adequate but falling; its method for under-collateralized casualty sidecars answers where the next adverse development lands: on the sponsor.
- The Wrap
P/C underwriting gain more than doubles to $31.7B as rate growth slows
The first half was a capital event: underwriting gains more than doubled while premium growth slowed, lifting surplus to $1.30 trillion.
- Cat bonds & reinsurance
WMO's strongest El Niño forecast tests 2027 cat pricing
Near-certain El Niño persistence through February 2027 puts the warmest-year baseline on the renewal calendar.
- Cat bonds & reinsurance
AFC's Bermuda captive keeps loan risk in-house
A $30 million class 2 insurer starts by covering AFC's own loans and caps outside capacity at 20 per cent.
8 stories
- Insurer portfolios
Warsh's hold hands general accounts a 2007-level long end
Three dissents and a steepening curve turn the hold into a duration decision before September's inflation data.
- Insurance regulation
Aegon calls October vote to leave Bermuda for Delaware
The redomiciliation would end the BMA's group-supervisor relationship with Aegon and leave Bermuda with a $6.3 billion life subsidiary in its place.
- Insurer–manager partnerships
Samsung Life's Principal stake is a mandate play
The Korean insurer would gain influence over where Principal's retirement asset-management business looks for strategies and managers.
- Cat bonds & reinsurance
Corgi's reinsurance launch lands in a giveback cycle
The insurtech is becoming a principal risk-taker just as the cycle's battle shifts from rate to structure; the firm's first renewal will show whether its underwriting edge survives its own balance sheet.
- The Wrap
Quota share wins Monte Carlo's structure trade
Northern Re's $1 billion in-force on a $325 million build shows third-party capital now wants underwriting alignment, not just cat capacity.
- Cat bonds & reinsurance
Reinsurers’ new pitch: structure, not just capacity
In Monte Carlo this week, renewal conversations turn from price to program design as clients ask what their protection actually delivered.
- Cat bonds & reinsurance
Record ILS capital flows to risks the traditional market avoids
Moody's puts half-year ILS outstanding at $144.5B, with money moving into the secondary-peril tail the next loss will test.
- Cat bonds & reinsurance
Northern Re crosses $1B in-force on a $325M capital build
Capital followed the book's underwriting results; quota-share stability is now the product for a softening market.
3 stories
- Cat bonds & reinsurance
Perils puts a €2.19bn price tag on Europe's July storms
The mid-July convective storm loss lands in a renewal cycle where capital, not catastrophe, is setting the terms.
- Cat bonds & reinsurance
Stable reinsurance outlook is a soft-cycle warning
Record capital and a property market past its hard peak turn the next renewal into a terms test.
- Cat bonds & reinsurance
The catch inside reinsurance's 19.9% ROE
Gallagher Re's H1 composite return flatters a book where premiums are shrinking and capital is stacking higher.