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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029. -
The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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The cedant’s current deal is due to mature at the end of January 2026.
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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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Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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The bond protects against losses in the US, Canada, Europe and Australia.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
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The revision is significantly lower than the $4.5bn October estimate.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The (re)insurer used alternative capital in the reinsurance coverage.
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Gallagher Re said rates had softened in 2025 versus the prior two years.
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CEO Thierry Léger expects overall P&C pricing to be “stable” through 2025.
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The deal will provide named Florida storm protection on an indemnity, per occurrence basis.
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There’s not much supply in that marketplace, Papadopoulo said.
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The carrier is offering shares priced at $29-$31.
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The storm made landfall in Queensland, Australia at the beginning of March.
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Markets have taken a battering across the globe following the “Liberation Day” announcement.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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The bond is being issued through Lloyd’s London Bridge 2 platform.
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This will be Brit’s first cat bond issuance since its 2020 deal through Sussex Capital.
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The carrier increased premium by 7% at the January renewals.
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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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Modest increases to reinsurance costs were partly offset by the Australia cyclone pool.
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More than 33,000 claims had been filed as of 5 February.
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Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio.
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Programs did not offer adequate risk-adjusted return.
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Standards and guidelines address institutional investors’ concerns over valuation risks.
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Menzinger succeeds Rowan Douglas, CEO of climate risk & resilience at Howden.
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Secondary pricing on the carrier’s Topanga Re bond partly recovered following the guidance.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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Price guidance for the bond is 7.00%-7.75%.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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Prominent Name Dhruv Patel is the firm’s founder.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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Investigators are homing in on the likely causes of the incidents.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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Moody’s also expects losses in the billions of dollars.
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Six fires now cover more than 27,000 acres across Southern California.
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Over-subscriptions have been evident on well-priced US cat treaties.
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The storms struck Victoria, New South Wales and Queensland.
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Recoletos Re DAC SPI takes its name from the Paseo de Recoletos boulevard in Madrid.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The reinsurer said investors were interested in expanding after benefiting from good results.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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The Class A and Class B notes are paying lower multiples than initially guided.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The bond will provide coverage for named storm across five US states.
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The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
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CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
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This is the second time Fidelis has entered the cat bond market this year.
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Other capacity supporting the syndicate is mostly individual Names, sources have said.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The bond is targeting $225mn of limit across the Class A and Class B notes.
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The notes provide coverage in the US and District of Columbia but exclude Florida.
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The firm recorded a 13.3% nat cat impact to the P&C combined ratio.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The latest issuance signals the second time the sponsor has entered the cat bond market.
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In its first deal, Enstar received $350mn in premium for certain 2019 and 2020 business in AlphaCat’s portfolio.
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The firm will provide an update on 22 November to avoid holiday season.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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The figures imply first-layer reinsurance recoveries for Helene.
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The NFIP’s traditional reinsurance coverage kicks in at $7bn of losses.
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The pension scheme has been winding down its ILS portfolio in recent years.
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Cat bonds, private ILS and retro were all kept at “strongly overweight”.
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The multiple offered on the deal is around 2.5x the expected loss.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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A strong forward pipeline will require fast work by ILS investment houses.
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The headline figure of $7.15bn includes $2.91bn of DaVinci equity plus debt.
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Some Canadian cedants have approached the market for top-up cover.
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The ratings agency said comparing companies was complicated by the adoption of IFRS 17 accounting.
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Reinsurers continued to diversify into primary and specialty business.
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The CEA has $326.4mn towards risk transfer, 44% below budget.
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Everest losses ceded to Mt Logan grew by 63% to $26mn.
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