Insurance regulation: archive
Every Insurance regulation story in Insurance, newest first. 64 stories
1 story
AM Best affirms A rating on Aramco's Bermuda captive Stellar
The agency assesses balance sheet strength as very strong at a captive holding roughly three-quarters of its assets in a parent promissory note.
1 story
AM Best: Terrorism Risk Insurance Act reauthorization shifts more terrorism risk to insurers
The reauthorization continues federal support while the public summary leaves retention and attachment terms unspecified.
1 story
AM Best rates American Republic's $95 million surplus notes bbb
Proceeds are expected to support new business growth and capital management; AM Best expects Wellabe's financial leverage to stay below 20%.
1 story
Fitch assigns A insurer financial strength rating to Bermuda life reinsurer Constellation Re
The Class C insurer was formed in December 2024 with $250 million in common equity from AuguStar Life Insurance Co, Constellation's primary operating company.
1 story
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.
1 story
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.
1 story
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.
3 stories
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.
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.
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.
1 story
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.
2 stories
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.
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.
3 stories
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.
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.
BMA chief Craig Swan tells annuity conference the regulator holds about 50 actuaries
The authority also tightened capital, valuation and liquidity requirements and described when it will step back from transactions.
1 story
Senate passes TRIA reauthorization to 2034; House event-certification threshold remains the open question
Both chambers have approved extensions through 2034; the House version would raise the event-certification threshold from $5 million to $10 million in 2029, and the industry wants a presidential signature by the end of 2026.
3 stories
Sun Life launches BMA-licensed Bermuda subsidiary for participating life
The new company writes directly from a Bermuda balance sheet while its 30-year branch keeps the non-participating book; first product is a whole life policy built with Sun Life Asset Management.
Senate passes seven-year TRIA extension, leaving the House's $10 million certification bar unresolved
Both chambers have now approved extensions through 2034; the House version would raise the event-certification threshold from $5 million to $10 million starting in 2029.
NAIC explores stricter capital rules for some offshore life reinsurance deals
Scott White told a Hamilton conference the review targets recapture risk and reinsurer credit strength in jurisdictions without reciprocal status.
1 story
Michigan bill would replace ambiguous pronouns in insurer division statute
HB 6375 would also update a Uniform Commercial Code cross-reference, and it would not take effect unless companion measure HB 6347 is also enacted into law.
2 stories
NAIC answers Warren with a $1.2 trillion private credit perimeter and the charge behind it
The letter to Senator Warren sizes the book; the ratings and valuation reviews inside it decide what holding it costs.
Rowan wants the Cayman arbitrage closed. Bermuda wins if it is.
The NAIC's capital charge for non-reciprocal jurisdictions is due at the end of 2027, and it will re-sort offshore reinsurance before it shrinks it.
1 story
Premia Re's A- rests on a very strong balance sheet
AM Best's stable outlook waits on legacy closes, not a casualty turnaround, to restore the bottom line.
2 stories
AG 53's review turns to how assets behave under stress
Eighteen months in, the NAIC's valuation reviews are asking how assets behave when assumptions fail, and the answer increasingly runs through the asset manager.
Bermuda writes the resolution rule its capital recognition depends on
The BMA's consultation names who would run a failure and which insurers fall inside the perimeter, then defers the powers that decide who actually gets paid.
1 story
AM Best cuts A-CAP members to C+, negative watch holds
A rating committee has repriced the group while the NAIC's RBC text is still being written, and the intermediaries in between will adjust before either finishes.
2 stories
The CLO fight is over; the pricing fight is starting
Settled CLO factors clear the NAIC's docket for items that reach every bond, reserve and loan category on the insurance general account.
TRIA's clean extension is right, and the cyber tail stays open
A near-certain fifth reauthorization gives insurers a terrorism planning assumption they can hold, even as Treasury's own hybrid-attack model puts cyber at 88% of the loss and leaves the trigger unfinished.
1 story
TRIA's 24-0 vote turns the terrorism tail into a planning assumption
The fifth reauthorization now looks close to certain; what's left is the gap between the House and Senate end dates, and that gap is the number insurers have to price.
1 story
Insurers get weeks to shape the capital charge on private credit
Statutory reporting and capital treatment for illiquid assets and offshore reinsurance are on a short comment clock; the charge that lands in the RBC formula will outlast every deal priced ahead of it.
1 story
PACICC's 1,273 failures arrive in bursts after calm stretches
The catalogue's burst-by-burst record argues for capital rules written in the calm, when the next wave is built.
5 stories
Corebridge-Equitable merger clears approvals; year-end close is the test
Approvals in hand, the $22 billion tie-up's real deadline is the Dec. 31 close.
AM Best drops Farm Bureau P&C's negative outlook
The group's A (Excellent) ratings stand as the downgrade warning is retired.
TRIP renewal confirms the terrorism tail still sits beyond private capital
The House voted 373-15 to extend the federal backstop through 2034, a fifth admission that deliberate attack cannot be modeled as private risk.
NAIC moves jurisdiction risk from checklist to capital charge
A memo from the NAIC National Meeting instructs the Life Risk-Based Capital Working Group to develop a capital charge for cessions outside reciprocal jurisdictions, putting the Cayman gap in the capital formula and turning Bermuda's earned recognition into a capital advantage.
JAB closes Columbian rescue with a mutual-to-stock conversion
The 144-year-old insurer exits rehabilitation as a stock company under JAB's permanent capital, giving regulators a model for the next rescue.
2 stories
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.
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.
1 story
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.