Insurance archive
Every Insurance story, newest first. 396 stories
2 stories
- The Wrap
Bermuda's $1.34 trillion claims record skips sidecars
The BMA's decade tally quantifies traditional carriers' payouts; ILS competitors fight for the same risk without a comparable public record.
- Insurer portfolios
Sub-IG infrastructure debt: insurers' yield fix requires discipline
A market insight argues sub-investment-grade infrastructure debt can lift yields without abandoning real-asset protection, but the capital-efficiency argument only holds if the qualifying criteria are met.
10 stories
- The Wrap
Athene picks credit analyst to lead investor relations
Brett Gibson's appointment puts the balance sheet at the center of Athene's fixed-income pitch.
- Cat bonds & reinsurance
Bermuda's $1.34 trillion claims record skips the ILS market
The BMA's decade tally quantifies traditional carriers' payouts, leaving the sidecars and cat bonds sharing the island without an equivalent record of their own.
- Insurance regulation
Bermuda takes its equivalence defense to Brussels and Paris
The island's premier is pressing Bermuda's case for regulatory cooperation and market access just as AM Best warns on collateral behind offshore life reinsurance.
- Cat bonds & reinsurance
Bermuda's record equity sets up a pricing test
The island's capital grew more than three times faster than premiums, giving the biggest balance sheets room to give back terms.
- Cat bonds & reinsurance
Reinsurers' fifth profit year hides a softening tell
AM Best's composite shows a fifth straight year of underwriting profit even as premium growth falls sharply — the classic pre-softening sequence.
- The Wrap
Sidecar boom points ILS at a tail with no curve
The record alternative-capital total is steering insurance-linked securities toward casualty risk just as the cat bond market warns the tail is underpriced.
- The Wrap
Bamboo IPO puts wildfire capacity on the public books
The S-1 will show brokers whether the capital-light model that added admitted capacity in California can survive quarterly loss-ratio disclosure.
- The Wrap
Fronting growth slows as loss development catches up
A 17% growth year for fronting masks seven consecutive accident years of adverse development, making counterparty diligence the sector's real product.
- Cat bonds & reinsurance
Aspida Re's primer lands as offshore cessions near $1T
The Bermuda life reinsurer's white paper makes the case for offshore structures just as US reserves ceded offshore close in on onshore levels; the collateral behind those reserves remains the test.
- Cat bonds & reinsurance
Aon's 20th ILS report: record issuance, unanswered sidecar question
A record $144.5 billion in alternative capital and a 50% jump in sidecar capital make the foundational case; the casualty build-out is where it gets tested.
1 story
- Insurance Credit
AM Best keeps Inpex captive at A, stable
The Bermuda energy captive's below-30% combined ratio matters less than the surplus scheduled to leave for Japan.
1 story
- Insurer portfolios
Tokenization's Real Test Is Collateral, Not Returns
An Insurance AUM Journal piece argues the business case for tokenized assets is operational, and insurers should organize around the collateral desk, not the innovation lab.
8 stories
- Insurance Credit
Private credit is no diversifier, First Eagle warns
Sisco says private credit carries public credit's risk, and dispersion is the threat.
- The Wrap
The capital test behind the sidecar boom
AM Best's collateral warning turns the offshore life reinsurance boom into a capital-standards test.
- Insurer portfolios
AM Best flags Level 3 bond growth in life/annuity books
The segment is driving the industry's hardest-to-value bond holdings, and the rating agency says the surplus is now exposed to model risk.
- Insurer portfolios
NEAM's 2025 review measures the gap between yield and income
The report pairs book yield with net investment income across P&C, life and health — and its own prior data shows the income line can fall while yields climb.
- Insurer portfolios
Life/health net yield rises to 4.6%
A 10-basis-point step in the yield line is the income statement's first visible payment on a private-allocation decision.
- Insurance regulation
AM Best Cuts Prime Insurance to Fair, Review Flag Remains
The downgrade lands both Prime's financial-strength and issuer-credit ratings in the Fair band, with the negative-implications review still open.
- Cat bonds & reinsurance
Bigger shocks are a cat-bond repricing trigger
The scientists Carrier Management quotes call the next catastrophe a question of when, not if — and a softening market that gives back terms before it reprices the tail has the renewal season wrong.
- Cat bonds & reinsurance
Bermuda's top four hold AM Best ranks as terms tighten
Four island groups wrote $44.9 billion in 2025 premiums, and the next renewal will test how much of that margin they give back in terms.
4 stories
- Insurance Credit
AM Best holds Athene at A+ as the asset test looms
The rating keeps Athene's liabilities quiet; the private allocations that pay annuity bills are the open question.
- Insurer portfolios
Supply constraints redefine private real-asset returns
Two midyear outlooks argue the winners in infrastructure and real estate will be the insurers that underwrite power, permitting, and construction costs—not just deploy capital.
- The Wrap
Reinsurers fight the soft market on terms, not price
A $25.5 million retention buy-down shows the next margin squeeze will come through contract wording, not rate cards.
- Insurance regulation
AM Best flags collateral gap in offshore annuity reinsurance
The ratings agency's warning turns the offshore growth story into a capital-rules test: reserve credits are rising faster than the collateral backing them.
8 stories
- Insurance regulation
Aegon trades Bermuda for Delaware and US GAAP
Its second redomiciliation in three years aligns the legal home with the 70% of operations that sit in the US—and the capital-rules conversation that follows.
- Insurer–manager partnerships
Life sidecars graduate from experiment to engine
Third-party capital is now the marginal source of longevity risk capacity, and the next contest is over scale, not viability.
- Insurer portfolios
Consumer credit's next turn is already in the GDP data
A 1.2% adjusted growth pace and survey-low confidence argue general accounts should de-risk consumer credit before downgrades arrive.
- Insurance Credit
Insurers are the quiet capital behind private credit's next leg
Private credit is moving beyond direct lending into asset-based finance, where insurance general accounts are the balance sheets best positioned to fund it.
- Insurance Credit
Retail evergreen reversal hands insurers direct-lending leverage
Global private-debt fundraising is strong, but retail redemptions are shifting the balance of power to institutional balance sheets.
- Insurance regulation
AM Best flags rising annuity reinsurance leverage
U.S. life/annuity carriers are ceding more risk, and the capital question now lands on reinsurer counterparties.
- Insurance regulation
Berkshire's balance sheet buys GUARD a stable outlook
AM Best cites parent support and early corrections, but keeps the watch on peer benchmark results.
- Insurance regulation
AM Best's stable call on GUARD is conditional
The A+ affirmation holds, but AM Best's monitoring language makes the stable outlook a test of National Indemnity's support and the commercial-auto re-underwriting.
5 stories
- Cat bonds & reinsurance
A $900 Million Life Reinsurer Enters a Soft Market
The new charter's capitalization is less telling than its patience will be.
- Insurance regulation
NAIC adopts RBC preamble and narrows its gap list without explanation
The preamble now frames future changes to the capital formula; the narrowed gap list leaves open which weaknesses were closed and which were merely parked.
- Insurer portfolios
A steepening curve is no haven for agency MBS
July's 7 bp OAS widening ran against 15 years of precedent, an extension-risk signal for general accounts.
- Insurer–manager partnerships
Sun Life, Wilton Re form $10B Bermuda reinsurer with $300M undisclosed third
Windsor Life Re will seed with $1.7 billion from Wilton Re and grow toward $10 billion under SLC Management's investment mandate, with a $300 million undisclosed third in the stack.
- Cat bonds & reinsurance
Bermuda's machinery is financing Florida's recovery
Mangrove's cat bond and sidecar show how reinsurance capital is returning to Florida, and the cost question that remains.
1 story
- Insurance regulation
NAIC's deadline fix masks a single-window chokepoint
The SVO extension restores the calendar after the ShinyHunters breach; the designation pipeline remains as concentrated as the vulnerability that caused the outage.