AM Best reports fewer P/C downgrades and more life/health upgrades in H1 2026
The life/health summary reports twice as many upgrades as downgrades; the P/C summary counts downgrades at nearly half the prior-year level.
Published Oct 1, 9:48 AM ET
AM Best affirms A-level ratings on Barbados reinsurer Active Capital Re
The October 1 affirmation leaves the outlook unstated, so whether AM Best sees the credit as stable, positive or negative is not in the notice.
AM Best affirms Sigurd Rück ratings but leaves outlook unstated in excerpt
The Oct. 1 action keeps the Swiss reinsurer's A- financial strength and a- issuer credit ratings unchanged; the available excerpt cuts off before naming the outlook.
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The CloseColumn →
First Eagle's insurer barbell is a curve view with no ends attached
The $217 billion manager's September note to insurers turns on the slope of the curve, and the public excerpt does not show where the ends sit.
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The FloatFGH Parent buys Dayforward's platform and leaves its insurance liabilities behind
The Fortitude Re parent acquired the insurtech's platform, distribution agreements, and licensed agency while Dayforward's insurance entities and legacy liabilities stayed outside the transaction.
The Float
NAIC's $1.2 trillion private credit review prices Bermuda's $1.52 trillion ceded book
Ratings and valuation reviews set what private credit costs to hold on ceded books where US insurers supply 82 per cent of business and Japan 11 per cent.
The Float
Rowan draws the line, and Bermuda is the destination
Two years before the NAIC charge, offshore reinsurance is already re-sorting toward Bermuda.
The Momentum
Aon's quota share moves the soft market's margin up a layer
Three percent of a catastrophe line sold at a five percent discount turns the broker's placement book into an index that pays the packager and leaves the lead market holding the terms.
MovesThe full wire →
Movement coverage returns with the next weekday edition.
The Wire
Mar 31Onur Erzan — AllianceBernstein L.P. → AllianceBernstein L.P.
Mar 31Onur Erzan — AllianceBernstein → AllianceBernstein
Mar 31Onur Erzan
Mar 30Seth Bernstein — AllianceBernstein L.P. → AllianceBernstein L.P.
Jan 30Jase Auby
Dec 31Martin Seay, Richard Shaw
ILS & ReinsuranceAll ILS & Reinsurance →
Pinion names Ledger Investing's Gary Maier as US chief executive
The Barings-backed Bermudian carrier has delayed underwriting while it seeks nationwide excess and surplus licenses.
Three Pacific hurricanes reach Category 5 as the season runs ahead of normal
Forecasters say both Pacific basins are four storms ahead of normal, with Mexico's catastrophe bond now hinging on Polo's coastal track.
82% decides what Japan's 11% is worth
Bermuda's long-term reinsurers manage $1.52 trillion and count the United States for 82 per cent of ceded business, Japan for 11 — and the rulebooks in Tokyo and at the NAIC will decide which number grows.
General AccountAll General Account →
U.S. property/casualty mutual insurers double net income as underwriting swings to $14.8 billion gain
AM Best attributes the $42.6 billion 2025 result to rate increases, restructured discounts and higher deductibles filed before 2025, with net premiums written up about 5%.
Allshores posts 15.7% first-half operating profit rise as investment return drops 30.5%
Bermuda-listed insurer's net income fell 41.3% against a prior-year $45.8 million one-off gain, while shareholders' equity rose 23.8% to $478.1 million.
Collis and Ngai pitch India's onshore bonds as strategic fixed income allocation
The commentary cites scale, index inclusion and domestic-cycle yields but names no insurer that has acted on the case.
Data
Earlier coverage
General Account
NAIC private-credit report works from five categories as insurer exposure resists definition
Capital Rules
Senate passes seven-year TRIA extension, leaving the House's $10 million certification bar unresolved
The Wrap
Fidelis Partnership files for NYSE listing; Pelagos stake accounts for first-half profit gain
General Account
The small-loan convexity hedge in agency MBS is wearing out
General Account
Insurers should buy the takeout, not the bridge loan
Capital Rules
NAIC answers Warren with a $1.2 trillion private credit perimeter and the charge behind it
ILS & Reinsurance
Record reinsurance capital is not closing the catastrophe gap
ILS & Reinsurance