Insurance archive
Every Insurance story, newest first. 384 stories
5 stories
- Insurance regulation
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.
- Insurance Credit
AM Best flags unrated reinsurance behind $30 billion of fronting premium
Conning's August 2026 study found fronting programs' initial loss ratios developed adversely in each of the past seven accident years.
- Insurer portfolios
U.S. property/casualty mutual insurers double net income as underwriting swings to $14.8 billion gain
AM Best attributes the $42.6 billion 2025 result to rate increases, restructured discounts and higher deductibles filed before 2025, with net premiums written up about 5%.
- The Wrap
Barings-backed Pinion hires casualty ILS veteran Gary Maier as US chief executive
The Bermuda carrier has delayed underwriting while it seeks excess and surplus licenses across the United States.
- The Wrap
Ascot reorganizes into two divisions and hires AIG's Chris Flatt to run consumer lines
Elizabeth Johnson and Mark Pepper take new roles October 1; Chris Flatt arrives from AIG in early November to lead consumer solutions.
9 stories
- Insurer portfolios
Allshores posts 15.7% first-half operating profit rise as investment return drops 30.5%
Bermuda-listed insurer's net income fell 41.3% against a prior-year $45.8 million one-off gain, while shareholders' equity rose 23.8% to $478.1 million.
- Cat bonds & reinsurance
Pinion names Ledger Investing's Gary Maier as US chief executive
The Barings-backed Bermudian carrier has delayed underwriting while it seeks nationwide excess and surplus licenses.
- Insurer portfolios
Collis and Ngai pitch India's onshore bonds as strategic fixed income allocation
The commentary cites scale, index inclusion and domestic-cycle yields but names no insurer that has acted on the case.
- Insurer portfolios
Committing more after volatility spikes beat fixed pacing in QRG vintage study
The analysis ranks each prior year-end VIX against a rolling ten-year window and scales annual commitments to that percentile.
- Insurance regulation
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.
- Insurer portfolios
NAIC private-credit report works from five categories as insurer exposure resists definition
The NAIC report ties the yield premium to heavier underwriting and valuation demands and calls its own private-credit exposure figures best estimates.
- Insurance regulation
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.
- The Wrap
FGH Parent buys Dayforward's platform and leaves its insurance liabilities behind
The Fortitude Re parent acquired the insurtech's platform, distribution agreements, and licensed agency while Dayforward's insurance entities and legacy liabilities stayed outside the transaction.
- Insurance regulation
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.
6 stories
- Insurance regulation
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.
- Cat bonds & reinsurance
Three Pacific hurricanes reach Category 5 as the season runs ahead of normal
Forecasters say both Pacific basins are four storms ahead of normal, with Mexico's catastrophe bond now hinging on Polo's coastal track.
- Insurer–manager partnerships
FGH Parent acquires Dayforward, moving annuity issuance inside Fortitude Re
The deal puts Dayforward's platform, distribution agreements and licensed agency into a new Fortitude Re subsidiary while its insurance entities and legacy liabilities stay behind.
- The Wrap
NAIC's $1.2 trillion private credit review prices Bermuda's $1.52 trillion ceded book
Ratings and valuation reviews set what private credit costs to hold on ceded books where US insurers supply 82 per cent of business and Japan 11 per cent.
- The Wrap
Fidelis Partnership files for NYSE listing; Pelagos stake accounts for first-half profit gain
The Bermuda-incorporated MGA leaves price range, share count and ownership blank in its Form F-1, and a $56.5 million swing on the carrier created beside it in the 2023 split accounts for almost all of the first-half earnings gain.
- The Wrap
NAIC's $1.2 trillion private credit letter reaches Bermuda's $1.52 trillion reinsurance book
The letter's ratings and valuation reviews set what private credit costs to hold on ceded books where the US supplies 82 per cent of business and Japan 11 per cent.
11 stories
- Cat bonds & reinsurance
82% decides what Japan's 11% is worth
Bermuda's long-term reinsurers manage $1.52 trillion and count the United States for 82 per cent of ceded business, Japan for 11 — and the rulebooks in Tokyo and at the NAIC will decide which number grows.
- The Wrap
$785 billion is bidding against itself at the top of the tower
Record capital has made the top of the reinsurance tower cheap while 84% of US earthquake exposure sits uncovered, and January is when the industry finds out whether the new money writes terms or just rates.
- Insurer portfolios
The small-loan convexity hedge in agency MBS is wearing out
Home price growth has been resetting the collateral behind agency MBS even as the sector's option-adjusted spread tightened.
- Insurer portfolios
Insurers should buy the takeout, not the bridge loan
In a half year that produced $179 billion of CMBS, the fastest-growing vehicles are the ones a general account is worst paid to hold.
- Insurance regulation
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.
- Cat bonds & reinsurance
Record reinsurance capital is not closing the catastrophe gap
A record $785 billion in reinsurer capital and a record cat bond year have made the top of the tower cheaper while the 84% of US earthquake exposure that carries no coverage at all remains untouched.
- The Wrap
Rowan draws the line, and Bermuda is the destination
Two years before the NAIC charge, offshore reinsurance is already re-sorting toward Bermuda.
- Cat bonds & reinsurance
Fitch's 86 per cent on terms outranks its 60 on price
Reinsurers expect to sell property cat for less in January, and the survey's own numbers show they expect to sell it with less protection.
- Insurance regulation
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.
- Cat bonds & reinsurance
Moody's $700B gap is a terms test for ILS
The capital-markets pool is 280 times the property-casualty one; the scarce resource is a parametric trigger cedents will actually hold.
- The Wrap
Liberty Mutual builds its own structurer for large commercial risk
Two hires, a week apart, put capital-markets talent on both sides of the policy, and the reporting lines say Liberty intends to quote the structure alongside it.
7 stories
- Insurer portfolios
The general account's constraint is capital text, not yield
Life insurers are being told to add three asset classes, but the charge attached to holding them is still being drafted
- Insurance regulation
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.
- The Wrap
Aon's quota share moves the soft market's margin up a layer
Three percent of a catastrophe line sold at a five percent discount turns the broker's placement book into an index that pays the packager and leaves the lead market holding the terms.
- Insurance Credit
AM Best turns positive on Palms as the A stays put
A positive outlook without a notch is good for the issuer's funding cost, mildly awkward for the book that owns it, and arrives on the agency's schedule, not the credit committee's.
- The Wrap
Mexico's $175 million cat bond may pay on a miss
A near-miss parametric payout will put a price on basis risk just as forecast-based triggers go mainstream.
- Cat bonds & reinsurance
Resilience pricing runs through triggers, not granular models
Bermuda's $220 billion of disaster exposure gives the Marsh-WEF playbook a specific address, and the report's own data caveat points to parametric cover as the practical route.
- Insurer–manager partnerships
Aon's quota share puts a price on the lead market's work
A 3% catastrophe line and a 5% discount turn the broker's placement book into an investable index, and hand the lead markets a smaller share of the economics they price.
2 stories
- Cat bonds & reinsurance
Bermuda's quiet August hides an annuity reinsurance book
Nine Class E licences inside a 46-registration year point to life and annuity risk; the fourth-quarter watch is whether collateralised and special-purpose filings return.
- Insurance regulation
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.