Features: archive

Every Features story in Insurance, newest first. 65 stories

Friday, September 181 story

8:08 a.m.
The Wrap
The rating committee prices private credit before regulators do
The capital charge will outlast every deal priced ahead of it, but AM Best's faster clock may downgrade the trade first.

12:04 p.m.
The Wrap
Insurers have weeks to write the private-credit capital charge
The RBC text being drafted now will price the general-account yield trade long after the deals behind it have closed.

11:34 a.m.
Insurer–manager partnerships
A sidecar files into a market that has already cut rates
Bolt Sidecar I's Form D lands after 15–20% property-cat cuts, ahead of a jurisdiction capital charge, and before a hurricane peak the calm Atlantic has left untested.
8:21 a.m.
The Wrap
The data-center build-out is reinsurers' unseen hail risk
Twenty US locations hold most of the storm-damaged data-center floor space, and capital keeps arriving faster than the models can map the exposure.

7:35 a.m.
The Wrap
The soft market's real restraint is a bordereau queue
Convex would write more delegated business if it could process the files, and that ceiling will do more to set January's terms than any rate.

2:29 p.m.
The Wrap
Strategics are taking insurance control, and sponsors are the sellers
Samsung's move toward 90% of Canopius, JAB's Columbian conversion, and Corebridge-Equitable's cleared merger all point one way: permanence is the premium.

12:05 p.m.
The Wrap
A capital charge puts Bermuda's $375 billion sidecar stack on trial
The NAIC's instruction turns jurisdiction risk from a checklist into a capital charge. Bermuda's recognition now depends on whether its collateral can answer.
8:08 a.m.
The Wrap
The calm that builds the next wave
Reinsurance is loosening terms, not just price, and the failure record says the quiet is when solvency erodes.

8:19 a.m.
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.

8:12 a.m.
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.

2:36 p.m.
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.

8:08 a.m.
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.

8:12 a.m.
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.

7:45 a.m.
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.

2:28 p.m.
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.

12:05 p.m.
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.

12:52 p.m.
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.

7:40 a.m.
The Wrap
Bermuda's liquidity test meets Macquarie's InEvo Re A-
The BMA wants proof cash can move in a crisis; AM Best's 'limited' profile asks whether InEvo Re has priced the liabilities it hasn't yet written.

4:08 p.m.
The Wrap
Private equity's grip on insurance M&A hits a 10-year low
The deals getting done—Fidelis's CVC buyout, MS&AD's staged capital, Malibu's public raise—point to strategics and public balance sheets replacing the rollup sponsors.
2:30 p.m.
The Wrap
Three local disasters split the soft reinsurance market
A Hong Kong fire, a Colombia quake and a Midwest derecho are forcing underwriters to price by geography, not product line.
8:11 a.m.
The Wrap
The reinsurance capital cleanup has begun
As pricing softens, third-party capital is being returned or bought out at discounts while Bermuda's registered ranks keep growing.

12:42 p.m.
The Wrap
ILS moves beyond weather: sidecars take on M&A risk
Record reinsurer profits are pushing insurance-linked capital into transactional risk. Aon, Hannover Re, and Twelve Securis are building the structures.
8:10 a.m.
The Wrap
The soft landing is being bought with record returns
Europe's big reinsurers are using unprecedented profits to cut nat-cat prices and push risk higher, while third-party capital absorbs the margin compression.

8:08 a.m.
The Wrap
Bermuda's $1.1 trillion reinsurance pile meets its first capital test
Delaware's Brighthouse review and the PRA's CP8/26 put a capital adequacy yardstick on the asset-manager insurance buildout.

8:26 a.m.
The Wrap
Mangrove builds cover for the third storm. Belize buys speed.
A $111 million debut cat bond and a Bermuda sidecar give a Florida carrier cover for third and fourth hurricane events. The IDB and Swiss Re give Belize a $20 million swap that pays when a storm crosses a trigger.