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The executive is charged with defrauding investors out of nearly $500mn. -
Spectrum joins investors ForgePoint, Hudson and MTech.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The tech firm is building a joint stock company with insurers and investors.
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It is understood that CyberCube has been considering a sale of the business.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Syndicate 1440 was approved to assume business incepting January 2026.
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American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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The broker has noted that double-digit reductions are increasingly available in property.
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Matthew Flynn joins from RenaissanceRe.
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Cat bond broking growth contributed to 6% organic growth in reinsurance.
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The measure could have landed insurers with extra tax on US business.
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A group of Bermuda staff also left the broker.
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David Baldwin joins from EIRS where he was a senior reinsurance consultant.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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TSR previously predicted activity slightly below the 1995-2024 average.
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The agency forecasts up to five major hurricanes and 19 named storms.
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Fox highlighted the increasing role of alternative capital and creative financial vehicles.
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The targeted uplift comes after Mercury ceded nearly $1.3bn of wildfire losses to reinsurers in Q1.
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The headcount at the start-up now stands at around 40.
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Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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AIG, HDI Global and others have settled, while Chubb’s fight continues.
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Richard Pennay also addressed the dip in cyber ILS activity.
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The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
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The announcement spurred a quick spike in stock market valuations.
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Torrey Pines Re is split among three tranches of notes.
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The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
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The deal is 45% larger than 2024’s issuance after attracting a “greater number of investors”.
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Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
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Novelty premiums will likely fade once investors are more comfortable with the risk.
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In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
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Other capacity supporting the syndicate is mostly individual Names, sources have said.
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The model factors in the effects of climate change to date.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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The Mexican cat bond offers $125mn of protection against Atlantic named storms.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The deal is offering a multiple of 11.3x on the expected loss.
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The bond offers a multiple of 11.3x based on a modelled expected loss of 0.93%.
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The bond is offering a spread range of 950-1,050 basis points.
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Portfolios of clients of varying size in the same region aggregate more risk.
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Building better exposure datasets could draw a broader range of investors.
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