Insurance archive
Every Insurance story, newest first. 384 stories
2 stories
- Insurer portfolios
EM private credit needs an EM seat
PPM America says insurers should run the loans against country and currency limits, not direct-lending credit assumptions.
- 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.
1 story
- Insurance regulation
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.
10 stories
- Insurance regulation
China's fivefold capital floor doubles as an ownership test
The draft Insurance Law rewrite lifts the entry bar fivefold and puts ultimate controllers directly in the supervisor's sights.
- Cat bonds & reinsurance
Samsung insurers move on Canopius control
The reported purchase of another 50% would push the Korean duo toward 90% control and hand Centerbridge Partners an exit, at a moment when strategics and public balance sheets are doing the buying.
- The Wrap
Conduit Re hires a PartnerRe property team
A three-person hire from PartnerRe's catastrophe desk fills Conduit's property leadership.
- Cat bonds & reinsurance
Wildfires open AM Best's top-50 reinsurer table
The January 2025 California fires set the tone for AM Best's new ranking of the world's largest reinsurers.
- 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.
- Insurance Credit
AM Best Affirms Adamjee at B (Fair)
A quiet rating action that leaves Adamjee’s credit standing exactly where it was, with the next review the only real test.
- Insurance Credit
NEWGT Re exits AM Best; collateral becomes the rating
A Bermudian reinsurer walks away from AM Best after an A- affirmation, subtracting one public comparison from an offshore market whose real test was always collateral.
- Cat bonds & reinsurance
Triangle Eight rides Bermuda's start-up wave with a cost warning
The advisory group's first year tracks a surge of BMA registrations; founder Heather Kitson argues the island's edge now rests on what it costs to stay there.
- Cat bonds & reinsurance
Fitch extends deteriorating reinsurance outlook into 2027
Price declines compounding with looser terms make the January renewals a test of structure as much as balance-sheet strength.
- Insurer–manager partnerships
SafePoint's Arrow stake buys optionality, not a book
The minority investment pairs post-IPO Florida capital with a London MGA built to add underwriting teams; the downside is capped, the upside shared.
5 stories
- Cat bonds & reinsurance
Bermuda life sidecars quadruple to $375 billion, capital test looms
Morningstar DBRS says the island's life and annuity sidecar liabilities have quadrupled in four years, with no known recaptures; the collateral question now sets the terms for growth.
- Cat bonds & reinsurance
AM Best's look-through puts the casualty sidecar tail on sponsors
AM Best sees property-cat rates as adequate but falling; its method for under-collateralized casualty sidecars answers where the next adverse development lands: on the sponsor.
- The Wrap
P/C underwriting gain more than doubles to $31.7B as rate growth slows
The first half was a capital event: underwriting gains more than doubled while premium growth slowed, lifting surplus to $1.30 trillion.
- Cat bonds & reinsurance
WMO's strongest El Niño forecast tests 2027 cat pricing
Near-certain El Niño persistence through February 2027 puts the warmest-year baseline on the renewal calendar.
- Cat bonds & reinsurance
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.
8 stories
- Insurer portfolios
Warsh's hold hands general accounts a 2007-level long end
Three dissents and a steepening curve turn the hold into a duration decision before September's inflation data.
- Insurance regulation
Aegon calls October vote to leave Bermuda for Delaware
The redomiciliation would end the BMA's group-supervisor relationship with Aegon and leave Bermuda with a $6.3 billion life subsidiary in its place.
- Insurer–manager partnerships
Samsung Life's Principal stake is a mandate play
The Korean insurer would gain influence over where Principal's retirement asset-management business looks for strategies and managers.
- Cat bonds & reinsurance
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.
- 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.
- Cat bonds & reinsurance
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.
- Cat bonds & reinsurance
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.
- Cat bonds & reinsurance
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.
5 stories
- Cat bonds & reinsurance
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.
- Cat bonds & reinsurance
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.
- Cat bonds & reinsurance
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.
- 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.
9 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.