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The cedant’s current deal is due to mature at the end of January 2026. -
It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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Improved performance and growing investment returns played a role in the upgrade.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The tropical cyclone is expected to be named Imelda.
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Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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Arch set up Bermuda investment manager Arch Fund Management in February.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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The volume of property cat aggregates placed grew 50% in 2025.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The purchase brings Sompo an established ILS platform as part of the deal.
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The group claims the White House is undermining disaster preparedness.
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The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
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The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.
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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 estimate covers property and vehicle claims.
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The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.
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Both organisations still predict an above-average hurricane season.
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Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.
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The Texas insurer of last resort previously had to have funding for a 1-in-100 year storm.
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In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
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This brings the carrier’s total limit on the program to $1.8bn.
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The consultation period around UK ISPVs was opened in November last year.
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The reinsurer returned $216.7mn to investors in Q2.
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The proposed reforms are designed to put the UK’s regulatory framework on par with Bermuda and the US.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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The suit claims billions of dollars are being illegally withheld.
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The US accounted for 92% of all global insured losses for the period.
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Despite predicting fewer hurricanes, the numbers are still above average.
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