Aon, the global insurance and reinsurance broking group, has announced that it has appointed both Jimmy Mitchell and Adam Rimmer as brokers within the firm’s Global ReSpecialty team, effective immediately.
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Catastrophe data aggregator PERILS has updated its industry loss estimate for extratropical windstorm Nils, also known as Ulrike, that battered the Nouvelle-Aquitaine and Occitanie regions in southwest France in mid-February, lifting the total almost 31% to €767 million.
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Rachel Bardon, Chief Underwriting Officer (CUO) at Compre, said its recent participation in George Street Re, QBE Re’s debut casualty sidecar, represents a repeatable and well-diversified book of business, exemplifying the company’s broader strategy as it looks to pursue similar transactions in the future.
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Mangrove Property Insurance is now aiming to secure up to $111 million of named storm reinsurance protection from its first Buttonwood Re Ltd. (Series 2026-1) catastrophe bond issuance, while the price guidance has been adjusted for each of the tranches of notes being offered, Artemis has learned.
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Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has expanded its use of Ultrassure’s platform from an initial pilot to production deployment for contract workflows across its reinsurance operations.
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The Florida State Board of Administration, which manages allocations to insurance-linked securities funds and reinsurance strategies on behalf of the giant Florida Retirement System Pension Plan, has made a new $150 million allocation to a life insurance settlements strategy managed by Miravast.
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Florida’s Citizens Property Insurance Corporation has now secured its one-third upsized target for reinsurance protection from its new Everglades Re II Ltd. (Series 2026-1) catastrophe bond sponsorship, while pricing the notes and the coverage at below-guidance pricing, sources have told Artemis.
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The mid-year 2026 reinsurance renewal for American Coastal Insurance Company (AmCoastal) is “effectively complete” its CEO Brad Martz has explained, with the top of the tower lifting to over $1.6bn, while the company has added more aggregate protection as well.
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As alternative capital continues to integrate further into the global reinsurance market, in order for this to be truly sustainable the sector must prioritise better modeling, greater transparency and careful sequencing of product development so that capital can be deployed where it strengthens resilience, according to Laurent Rousseau of Guy Carpenter.
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Today is the 27th anniversary of the official launch of Artemis, so as usual for our celebratory official-birthday article (which is on the date for once) we wanted to highlight that since beginning to track catastrophe bond and insurance-linked security (ILS) issuance activity we’ve analysed and included nearly $220 billion of transaction volume in our […]
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W. R. Berkley Corporation, the US-headquartered insurance holding company, once again reported higher premiums being ceded to its Lifson Re collateralized reinsurance sidecar for Q1 2026, while the company also recognised more fee income being earned from the structure.
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Nationwide Mutual Insurance Company is aiming to upsize its new catastrophe bond, with the revised target now being to secure up to $325 million in multi-peril reinsurance protection through its new Aquila Re I Ltd. (Series 2026-1) transaction, while the price guidance has been lowered for each of the tranches of notes being offered, Artemis […]
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Spinnaker Insurance Company has now secured $100 million of US multi-peril collateralized reinsurance from the capital markets through its new Mountain Re Ltd. (Series 2026-1) issuance, pricing the notes at the low-end of reduced guidance, Artemis can report.
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AXIS Capital, the global specialty insurance and reinsurance underwriter, has reported higher fee income from its strategic capital partner arrangements in the first-quarter of the year, as insurance-linked securities and third-party capital activities continue to build.
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