Archive for April, 2026

For global re/insurance group Everest, the Mt. Logan Re third-party capital vehicle continues to build momentum throughout 2026, with its assets under management surpassing $2.6 billion, and according to Everest’s President and CEO, Jim Williamson, the vehicle continues to play an increasingly important role in the company’s capital model.

During the Markel Group first-quarter earnings call yesterday, Simon Wilson, CEO of Markel Insurance, said he is concerned about the competitive tendencies of certain MGA’s that are backed by sidecars and private capital, who he believes may be chasing US casualty risk pricing down in areas of the market where caution is warranted.

US military mutual insurer USAA has now set its sights on the upper-end issuance size of $825 million of reinsurance from its new Residential Reinsurance 2026 Limited (Series 2026-1) catastrophe bond sponsorship, while the company has made further adjustments to the price guidance for two of the three tranches of notes on offer, Artemis has […]

Mapfre Re, the Spanish global reinsurance company, is now aiming for reduced pricing for its latest catastrophe bond sponsorship, with the still $200 million Recoletos Re DAC (Series 2026-1) US named storm issuance cat bond transaction now seeing its price target reduced to the low-end of guidance, Artemis can report.

US primary insurer Allstate added more protection to its per-occurrence Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower a new high of $11.5 billion at its recent renewal, while also securing a new $1 billion aggregate excess reinsurance arrangement as well.

The Government of Jamaica is back in the catastrophe bond market again with the support of the World Bank, targeting $150 million of parametric named storm and hurricane protection from an IBRD CAR Jamaica 2026 issuance, designed to replace its coverage that was triggered by hurricane Melissa, Artemis has learned from sources.

Catastrophe data aggregator PERILS has published its third industry loss estimate from the severe convective storms (SCS) that struck Australia’s East Coast in late October, placing the insurance market loss at AU $1.501 billion (approx US $1.072bn), a slight decline from its second estimate that was published in February.

Northern Re, the collateralized reinsurance company that provides investors access to returns of its long-tail casualty underwriting business, has announced that it has selected Palantir Technologies as a core platform to support the continued development of its capital intelligence capabilities.

Palomar Insurance Holdings has raised the target to as much as $410 million of capital markets backed California earthquake and Hawaii named storm reinsurance from its new Torrey Pines Re Ltd. (Series 2026-1) catastrophe bond issuance, sources have told Artemis.

Convex Group, the expansive global specialty insurance and reinsurance underwriter, has reduced its target for the Hypatia Ltd. (Series 2026-1) catastrophe bond transaction to between $150 million and $175 million of retrocession, while the company aims to secure mid-guidance pricing for the tranche of notes on offer, this publication has learned.