Rates can spike overnight, tankers can vanish – but that doesn’t mean the wider market snaps from soft to hard
Author: Awais
By contrast, energy‑intensive sectors, such as airlines, petrochemicals, heavy manufacturing and some logistics operators, face margin pressure as fuel, feedstock and freight costs rise. For trade credit and surety insurers, that raises questions about exposures to weaker balance‑sheet names in these industries, particularly if the conflict drags on and financing conditions tighten.
Bermuda-based insurance and reinsurance firm Lancashire Insurance Holdings is very pleased with the outcome of its outwards reinsurance at the January 1, 2026 renewals, with the firm’s Chief Underwriting Officer (CUO) Paul Gregory particularly highlighting a strategic reduction in the firm’s aggregate attachment point.Gregory, along with Lancashire’s Chief Executive Officer (CEO), Alex Maloney, commented on the carrier’s experience at the 1/1 2026 reinsurance renewal season, during a recent analysts call following the release of the firm’s financial results for 2025. As he explained to analysts during the call, Gregory said that Lancashire is “very pleased” with the outcome of its…
At Oxford’s urging, the firm agreed to wait until April 2025 to refile, then agreed to another extension through June 16, 2025. In June 2025, Oxford’s general counsel allegedly told the firm it would not pay the claim in full. On June 10, 2025 – six days before the extended deadline – an insurance brokerage announced it would acquire Accession. On June 16, 2025, Watts Guerra filed its second claim, this time for approximately $116 million, reflecting additional proceeds received from the litigation portfolio in the interim. Oxford responded about a week later with the same document requests it had…
The court was not persuaded. The technician had physically handled the pesticide while applying it, which was enough to bring it within the policy’s definition of Terminix’s product. And once the pesticide became airborne and migrated to the other side of a wall, into an area inaccessible to Terminix’s technician, the company could no longer be said to have possessed it. The physical possession exception, designed to carve out situations where the insured still controls its product, simply did not fit the facts.
The Eclipse Re Ltd. transformer vehicle has issued its first listed private catastrophe bond notes of the year, with a $100 million Eclipse Re Ltd. (Series 2026-1A) becoming the largest cat bond lite of 2026 so far, Artemis has learned.Eclipse Re Ltd. is a Bermuda domiciled special purpose insurer (SPI) and segregated account company that operates as a private insurance-linked securities (ILS) and collateralized reinsurance transformer and issuance platform. The structure is owned and operated by insurance-linked securities (ILS) market facilitator and service provider Artex Capital Solutions and has also been known to be a platform regularly used by ILS…
The two appointees – who happen to be former Marsh employees – have more than 40 years of experience combined
“Understandably, ransomware generates headlines, and while we’re encouraged to see more organisations willing to walk away from extortion demands, our claims data shows that old‑fashioned email‑based crime hasn’t gone anywhere,” said Rob Jones (pictured), Coalition’s global head of claims. “BEC and FTF are still powered by social engineering, which targets the individual, and those attacks can be just as damaging to businesses.”
KFF Health News senior correspondent Renuka Rayasam discussed excited delirium on Vox Media Podcast Network’s Criminal on March 6. Click here to hear Rayasam on Criminal. Read Rayasam’s “As More States Target Disavowed ‘Excited Delirium’ Diagnosis, Police Groups Push Back.” On CBS News’ CBS Mornings on March 5, Céline Gounder, KFF Health News’ editor-at-large for public health, discussed the Massachusetts governor’s retort to comments by Health and Human Services Secretary Robert F. Kennedy Jr. about popular coffee chains. Click here to watch Gounder on CBS Mornings. KFF Health News California correspondent Christine Mai-Duc discussed Affordable Care Act premium increases on…
For insurance and reinsurance companies, the expansion of insurance-linked securities and the catastrophe bond market are viewed as credit positive by KBRA, with the rating agency explaining that the additional capacity the ILS market offers is increasingly important, supporting capital flexibility and protecting sector balance-sheets.Increasing volumes of catastrophe bond issuance are creating greater risk transfer optionality for the traditional insurance and reinsurance market, KBRA says, highlighting the “additional avenues to access capacity, diversify counterparties, and reduce dependence on traditional reinsurance cycles.” KBRA views cat bonds as a complementary risk transfer tool, but also one that is becoming increasingly important to…
Report also identifies four areas that are expected to shape US claims this year
Commercial property, at 7.05%, also remains firmly in positive territory. While February’s figure is slightly lower than January’s 7.22%, it extends a multi‑year run of elevated property pricing driven by inflation in repair and replacement costs, higher reinsurance expenses and a run of heavy US catastrophe losses. For property‑heavy or catastrophe‑exposed accounts, brokers continue to report challenging renewals in which valuation adequacy, deductibles and sublimits are as important as the top‑line rate.
Global re/insurance broking group Aon has appointed George Attard as Global Head of Analytics for Reinsurance Solutions, in addition to his role as Chief Strategy Officer for Reinsurance Solutions.Aon said the appointment reinforces its focus on delivering differentiated value to insurer clients through the integration of analytics and strategy across its reinsurance business. In his expanded role, Attard will lead the development and utilisation of Aon’s reinsurance analytics capabilities to help insurers navigate volatility, optimise capital, and make better decisions throughout the market cycle. Attard will also focus on uniting Aon’s data, technology, and more than 1,000 reinsurance analytics colleagues…
Aanenson, who has more than 18 years’ experience across cybersecurity and insurance, including roles at Bitsight and S‑RM, will lead KYND’s insurance strategy across the US. He will work with insurers and brokers to support faster, more accurate underwriting and portfolio oversight, and to help carriers “unlock growth amongst the SME market.”