American Integrity Insurance Company has now set the target for its latest catastrophe bond, with between $215 million and $275 million of named storm reinsurance sought from the Integrity Re III Ltd. (Series 2026-1) issuance, while the riskiest tranche of notes is set to be among the highest paying ever seen, Artemis can report.American Integrity Insurance returned to the catastrophe bond market at the start of the month with an initial target to secure at least $175 million of fully-collateralized US named storm reinsurance for losses across southeastern states from this issuance. The transaction features a particularly high-risk tranche of…
Author: Awais
Both carriers said no – now a fellow insurer wants its money back
Since launching, Spot said it has reimbursed more than $450 million in eligible veterinary expenses. In 2025, the company processed an average of 630 claims per day, or about 16,594 per month, with an average reimbursement turnaround time of 3.28 days. Its largest single reimbursement reached $45,013, while the highest lifetime payout to a single customer totaled $226,545.
Challenger Life, a large Australian life and retirement income underwriter and investor, has reported that its investments into insurance-linked securities (ILS), which are predominantly catastrophe bonds, beat their benchmark in the last six months of record for the firm.Allocations to the cat bond and ILS asset class remained relatively static in dollar terms for the investor, but the value they provide continued to benefit its overall alternatives portfolio. For Challenger Life, the allocations to cat bonds and ILS are expected to offer “liquid capital and financial flexibility and are expected to have a low correlation to credit and equity markets,”…
Henrik Romberg (pictured immediately above, right), chief commercial officer of Generali Global Assistance, has also taken on additional responsibilities. He will now oversee the tour & cruise business line under Trip Mate, along with the vacation rental, online travel agencies (OTAs), and retail business lines. He will report to Maizener.
“I’ve been building this dealer-centric model since 1992, American Adventure is what that original DNA looks like today – move quickly, take care of dealers and their customers. Our network of more than 1,500 dealerships, combined with Brown & Brown’s depth of products and expertise, gives our people and partners a platform built to help us scale without losing our edge, and I couldn’t be more excited to build the next chapter with Mike and the BBDS team,” Bender said.
A former high-ranking official in the New York Police Department has been charged with accepting $35,000 in cash, luxury travel perks and other bribes from a Florida businessman seeking to sell panic buttons to the city’s public schools and police. In an indictment Thursday, federal prosecutors said Kevin Taylor attempted to steer an $11 million contract toward the company, SaferWatch, while serving as the commanding officer of the NYPD’s School Safety Division. The company markets its product as a “mobile panic alert system” used for mass shootings and other emergencies. In exchange, the company’s founder, Gene Roefaro, showered Taylor and…
Bayer AG is preparing to announce a $10.5 billion settlement push to resolve current and future cancer lawsuits over its top-selling Roundup weedkiller, according to people familiar with the plan. The German conglomerate is set to propose a $7.5 billion class-action settlement through cases filed in state court in Missouri designed to resolve Roundup suits that already have been filed and potential claims that could be filed over a 20-year period, according to the people, who spoke on condition of anonymity because they weren’t authorized to speak publicly about the deal. As part of the effort, Bayer is also poised…
The Mexico City Policy is a U.S. government policy that – when in effect – has required foreign NGOs to certify that they will not “perform or actively promote abortion as a method of family planning” using funds from any source (including non-U.S. funds) as a condition of receiving U.S. global family planning assistance and, as expanded by the first Trump administration, most other U.S. global health assistance. The latest expansion, by the second Trump administration, applies to significantly more funding (most non-military foreign assistance), many more organizations (beyond foreign NGOs), and new services and activities (beyond abortion).The policy was first…
Finys, aprovider of insurance software solutions for property and casualty carriers, announced that Emeka Iheme has joined the company as Chief Customer Success Officer (CCSO). Iheme brings more than 20 years of experience leading professional services, customer success, and client operations teams within enterprise SaaS organizations. His background spans multiple industries, including insurance and healthcare, with a track record of standardizing delivery models, accelerating time-to-value, and building high-performing teams. Following Serent Capital’s investment in November 2024, Finys has continued to expand its platform capabilities and scale operations to support carriers in modernizing their core systems. In his new role, Iheme…
Despite tighter spreads in the catastrophe bond market, Legal & General (L&G) intends to maintain its exposure to the asset class, with Alex Turner, Fund Manager Assistant, and Martin Dietz, Head of Diversified Strategies, noting the firm is prioritising portfolio integrity while awaiting more favourable entry points, rather than rotating out of the space.Legal & General Investment Management maintains a cat bond portfolio that is split across a number of its diversified multi-asset strategy funds, with the company investing into individual cat bonds directly. The organisation’s cat bond portfolio has reached hundreds of millions of dollars in size, although the…
As MGAs and revamped carriers re-enter cat-exposed areas, brokers finally have leverage – within limits
South Florida water managers are sounding the alarm as the worst drought in a quarter-century has left parts of the state critically short of groundwater and reservoir supplies. “Without conservation, water supplies over the remainder of the dry season may not be available to meet the present and anticipated requirements of water users while also protecting the water resources from serious harm,” reads an order issued Friday by the South Florida Water Management District, according to the Miami Herald. The district has ordered water usage restrictions in some areas, including Cape Coral in Lee County, for residents and businesses that…
Texas’ top lawyer is taking a manufacturing company to court, saying its Bastrop plant smells like “boiling blood, and even death” and is making life miserable for people as far as 10 miles away. Attorney General Ken Paxton filed a lawsuit this month against Darling Ingredients, Inc., an Irving-based company that turns used cooking oil, food waste and inedible animal parts into animal feed and fertilizer. According to the lawsuit, odors coming from the facility have been described by residents as smelling like dog food, cooked grease and burning feathers. The attorney general’s office says those smells are harmful. The…