Cat bonds & reinsurance: archive
Every Cat bonds & reinsurance story in Insurance, newest first. 118 stories
1 story
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.
4 stories
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.
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.
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.
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
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.
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.
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.
5 stories
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.
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.
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.
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.
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.
2 stories
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.
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.
2 stories
A $900 Million Life Reinsurer Enters a Soft Market
The new charter's capitalization is less telling than its patience will be.
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
Asia-Pacific reinsurers buck the soft market's revenue slide
AM Best's composite reversed a prior-year revenue decline even as competition heats up and rates ease, more evidence that the softening is selective rather than uniform.
1 story
Macquarie's InEvo Re gets an A-, but the price of the liabilities is the test
AM Best's stable rating endorses the parent's capital support. Whether the asset-intensive deals it will bid on still price profitably through the softening cycle is the open question.
1 story
AM Best: Big Four hold cat appetite as rates soften
The rating agency says 2026 renewals stayed within Swiss Re, Munich Re, Hannover Re and SCOR's restructured property cat appetites, attaching higher.
6 stories
Karen Clark & Co says AI could cut catastrophe model updates to days
A faster update cycle would move the risk pricing that underlies cat bonds and collateralized reinsurance.
Reinsurance capital to hit record $705 billion as risk budgets shrink
AM Best sees a record $705 billion in capital and declining risk budgets shaping 2026 renewals.
Midwest Derecho Pushes 2026 US Storm Losses Past $35 Billion
Aon and Gallagher Re estimate the August derecho's insured losses in the single-digit billions, pushing 2026 US severe storm losses past $35 billion and concentrating claims in Illinois's homeowners market.
Essent Group posts 7% profit gain as P&C reinsurance grows
The reinsurance segment's first-half net premiums jumped to $249 million from $31 million, though mortgage reinsurance still drives the economics.
Cat bond sponsors test softer terms as spreads hold firm
Cascading structures and third-event tranches are back in cat bonds while first-quarter spreads firmed.
Munich Re reclaims top reinsurer ranking as euro moves the math
Currency swings, not underwriting, put Munich Re back atop AM Best's list of the world's largest IFRS-17 reinsurers.
10 stories
Bermuda registers seven new entities, including two collateralised reinsurers
A July list of licences shows steady demand for Bermuda vehicles that connect insurance risk to capital markets.
Assured Life Re's fast start brings a day-one capital bill
Quicker annuity bookings will test Assured Guaranty's capital flexibility and its appetite for share buybacks.
Bermuda reinsurers sponsored $1.37B of cat bonds in a record quarter
Cat bonds are no longer a sideline for Bermuda reinsurers. The record-setting second quarter proved it.
Bermuda's share of ceded US life liabilities climbs to 40.7%
Alirt counts $1.1 trillion of US life and annuity reserves with Bermudian reinsurers, and says sidecars are taking a growing share.
Tornado Alley's eastward drift upends cat bond loss assumptions
Tornadoes are touching down in more populated country, and severity is climbing even as national claim counts fall.
Europe's uninsured climate bill lands on sovereign books
Three-quarters of EU catastrophe losses are uninsured. That bill increasingly lands on governments—and may turn them into buyers of catastrophe bonds and parametric cover.
AM Best warns record reinsurance capital invites the next soft market
A new report asks whether reinsurers can keep underwriting discipline while record capital sits inside existing firms and casualty decisions made today won't be judged for a decade.
Reinsurers absorb steepest midyear property-cat rate cut in decades
AM Best says property-cat pricing fell 16% at midyear renewals, the steepest such drop in decades, yet returns still beat a rising cost of capital.
Reinsurer returns hold up as property-cat pricing slides
AM Best says tighter terms and higher attachment points have kept returns above the cost of capital for a third consecutive year, even as rate-on-line falls at its steepest midyear pace in decades.
Midwest derecho pushes 2026 storm losses past $35 billion
Gallagher Re and Aon estimate billions in losses from the August outbreak; in Illinois, a concentrated homeowners market decides where the claims land.
2 stories
Conflagration modeling can add 40 points to wildfire risk scores
Cotality's 2026 report puts U.S. wildfire exposure at $1.4 trillion and finds the biggest blind spot in neighborhoods legacy maps call low risk.
Aon's Sidecar X puts $200 million behind transactional risk
A pre-committed facility with a 10 percent discount moves the sidecar label from collateralized reinsurance into M&A cover.