Ease pressure on some import‑dependent sectors whose margins were squeezed by sudden, hard‑to‑price tariff shocks, potentially stabilising demand for trade credit, surety and supply‑chain covers. Reduce a layer of legal and regulatory uncertainty that has complicated underwriting for companies heavily exposed to cross‑border trade with Canada, China and Mexico. Shift future trade‑policy risk back toward more formal, legislated processes in Congress, giving businesses – and their insurers – more time to adjust to changes. However, the ruling does not remove broader geopolitical and trade tensions, and other tariffs remain in place under different authorities. Insurers writing political risk, trade…
Author: Awais
What are the different approaches needed to succeed in both?
American Integrity Insurance Company is now seeking lower pricing for its latest Integrity Re III Ltd. (Series 2026-1) catastrophe bond, while the target size of the issuance has been adjusted again to between $240 million and $260 million of named storm reinsurance, Artemis has learned.American Integrity Insurance ventured back to the catastrophe bond market at the start of February 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. As we’d highlighted, this transaction features a one of the highest-risk tranches of cat bond notes ever…
Eastern filed for arbitration in November 2010, repeatedly notifying Fidelity and inviting its participation. Fidelity declined every time. When Ionadi filed for bankruptcy in October 2011, Eastern got the bankruptcy court to lift the automatic stay. The arbitration proceeded with neither Ionadi nor Fidelity defending. The arbitrator awarded Eastern $433,489.42, including the unpaid work, $68,299.08 in interest and penalties, and $111,404.62 in attorneys’ fees. Neither party tried to vacate the award, and the Allegheny County Court of Common Pleas confirmed it in July 2012.
The court acknowledged that Acceptance had tried to distinguish Turner’s case from the Hartford decision by citing an earlier unpublished opinion involving similar policy language. In that case, decided in 2022, the court had allowed an insurer to deny coverage under a bobtail policy when the accident did not involve the listed vehicle. But the appeals court noted that decision came before the published Hartford ruling, and under Michigan court rules, published opinions control over unpublished ones.
SageSure, the catastrophe-exposed property specialist MGU, continues to seek $175 million of multi-peril reinsurance protection through its latest catastrophe bond, the Gateway Re Ltd. (Series 2026-2), deal, but the company is aiming to capitalise on investor appetite and has lowered and narrowed the price guidance for the notes, Artemis can report.SageSure re-entered the cat bond market earlier this month with the thirteenth issuance in the Gateway Re series of cat bonds. All of the Gateway Re cat bond series provide capital markets backed reinsurance to protect a range of underwriting entities owned by or linked to SageSure. Initially, the target…
Transportation Secretary Sean Duffy said he will brief lawmakers on Capitol Hill next week about the temporary closure of airspace around El Paso, Texas, earlier this month. Duffy told reporters Friday that he stood behind the Federal Aviation Administration’s decision, despite the controversy that followed the action. “Was it a mistake to close the airspace?” a reporter asked during a press conference on an unrelated topic in Washington, to which Duffy replied: “No.” Related: Drones, Drugs, Laser Beams Stir Confusion Over Texas Skies The FAA imposed flight restrictions, which drew backlash from local officials and were initially intended to last…
More than two-thirds of independent agencies plan to increase use of artificial intelligence in the next 12 months though just 8% said AI is currently embedded in their daily workflows, according to a new report from The Big “I” Agents Council for Technology. In its annual tech trends report, ACT found that 38% of survey respondents are “very likely” to increase AI use, while 30% are “somewhat likely” to do so over the next year. Operational efficiency (60%) and staff productivity (52%) were cited as leading motivations for adopting AI. Data privacy or compliance risks (24%) and inaccurate outputs (22%)…
Behind the rhetoric, the Pentagon has rapidly expanded its footprint in the region. The USS Abraham Lincoln carrier strike group is already on station, with a second carrier, the USS Gerald Ford, en route. Dozens of additional US aircraft – including advanced F‑16, F‑22 and F‑35 fighters – have been deployed, giving Washington the capability for a sustained air campaign rather than a one‑off strike. Long‑range bombers could be launched from US soil or from bases such as Diego Garcia in the Indian Ocean.
In a 6-3 decision, the court rejected President Trump's claim that a 1977 law gave him the authority to impose broad tariffs globally.
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before. John Seo, managing director and co-founder of Connecticut-based Fermat — a hedge fund manager specialized in cat bonds — says he’s aware of 16 new issuers coming to market in 2025. That’s as much as eight times the historical average for first-time issuers, Seo said. He expects cat bond sales of about $24 billion this year, testing last year’s record. The rise in first-time sellers has been “pretty breathtaking,” he said in an interview.…
The leaders of a $180 million scheme to sell Affordable Care Act insurance plans to homeless people and others who did not qualify were sentenced to 20 years in federal prison and full restitution. Cory Loyd, 47, who was a licensed insurance broker in Florida and head of FloridaCare Insurance, and Steven Strong, 43, the marketing leader in the scheme, were convicted in November in federal court in Miami, after an investigation by a federal health care fraud task force, the U.S. Attorney for the district announced. “As proven at trial, Lloyd and Strong targeted vulnerable, low-income individuals experiencing homelessness,…
The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy. The justices, in a 6-3 ruling authored by conservative Chief Justice John Roberts, upheld a lower court’s decision that the Republican president’s use of this 1977 law exceeded his authority. The court ruled that the Trump administration’s interpretation that the law at issue – the International Emergency Economic Powers Act, or IEEPA – grants Trump…
TotalEnergies SE is fighting a lawsuit in Paris that seeks to block one of Europe’s top oil and gas producers from starting new fossil fuel exploration and extraction projects. A group of non-governmental organizations and the Paris town hall asked judges on Thursday to force TotalEnergies to do more to fight climate change and limit global warming to 1.5°C compared to pre-industrial times. The coalition of climate campaigners based its request on France’s duty of vigilance law, which requires large companies to draw up plans to identify and prevent a range of risks including environmental ones or face lawsuits. A…