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Abbie Day

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Abbie Day is a reporter for Insurance Insider. She covers cyber, trade credit, political risk, construction, product recall and InsurTech.

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Reinsurance

KKR and Quadrantis take minority stakes in Peak Re

Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.

Abbie Day, 21 October 2025
ILS investors

Sage and Cedar Trace launch Lares Funds

The funds will combine credit and ILS holdings.

Abbie Day, 14 October 2025
Talent

Ledger appoints Saul as MD, reinsurance and capital markets

Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.

Abbie Day, 14 October 2025
Bermuda

S&P Global issues Vantage Risk A- financial strength rating

Vantage Group Holdings received a BBB- long-term issuer credit rating.

Abbie Day, 16 September 2025
Cyber

Cyber analytics firm CyberCube in sale talks with Verisk

It is understood that CyberCube has been considering a sale of the business.

Jairo Ibarra, 05 September 2025
Sidecars

Ryan Specialty launches Flexpoint- and Sixth Street-backed sidecar, RAC Re

Ryan Alternative Capital Re was launched in partnership with Axis Capital.

Abbie Day, 05 September 2025
Catastrophe losses

Perils launches Wind-Jeannie Japan typhoon platform

The firm has also updated the loss-calculation engines of existing Jeannie tools.

Abbie Day, 28 August 2025
Catastrophe losses

CatIQ revises down insured-loss estimate for Ontario and Quebec floods

The estimate covers property and vehicle claims.

Abbie Day, 12 August 2025
ILS investors

ILS price pressure ‘non existent’: Munich Re

The reinsurer’s chair said cat pricing reductions are at a “miniscule level”.

Abbie Day, 08 August 2025
Talent

Atrium appoints Byrns for weather and climate entry

The new team will be headed by Brown & Brown’s Ed Byrns.

Abbie Day, 04 August 2025
Interviews

Cat pricing at ‘risk-adequate level’: Scor’s Léger

Scor's CEO said the P&C market had experienced a “competitive” first half.

Abbie Day, 31 July 2025
Talent

Guy Carp appoints Flynn as Global Specialties head of global clients

Matthew Flynn joins from RenaissanceRe.

Abbie Day, 29 July 2025
Catastrophe losses

Nat cats generate more than $130bn in losses over H1: Munich Re

Insured losses produced the second highest first-half tally since records began in 1980.

Abbie Day, 29 July 2025
Brokers

Aon’s ILS business showed double-digit growth in Q2

Cat bond broking growth contributed to 6% organic growth in reinsurance.

Abbie Day, 25 July 2025
Re/insurers

Munich Re guides to Q2 profit nearly 30% above analyst expectations

The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.

Abbie Day, 22 July 2025
Renewals

Global property-cat RoL index down 8.1% at 1 July: Guy Carp

In the US, the index fell 6.7% year on year.

Abbie Day, 10 July 2025
Catastrophe bonds

Mercury prices $150mn Luca Re cat bond at 725bps

This comes in at the lower end of the initial spread guidance of 725-775 bps.

Abbie Day, 02 July 2025
ILS managers

Perren Capital appoints Richardson as COO

The third-party capital manager is a new entrant to the retro space.

Abbie Day, 30 June 2025
Catastrophe losses

Perils lowers Cyclone Alfred loss estimate 12% to A$2.25bn

In April, the loss modeller pegged losses at A$2.57bn.

Abbie Day, 12 June 2025
Claims and losses

Perils finalises German flood losses at EUR1.56bn in last estimate

The loss has decreased by 0.3% since the company’s third assessment.

Abbie Day, 06 June 2025
Brokers

Lockton Re appoints Baldwin to retrocession and property specialty

David Baldwin joins from EIRS where he was a senior reinsurance consultant.

Abbie Day, 02 June 2025
Talent

Industry veterans Bonneau and Bredahl launch MGU investment vehicle Novel

Bredahl has been appointed CEO and Bonneau as chairman.

Abbie Day, 29 May 2025
Catastrophe losses

Gallagher Re pegs Midwest storm insured losses at $4bn-$7bn

SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.

Abbie Day, 23 May 2025
UK and Europe

Generali P&C profit increases 9.4% to EUR10.4bn over Q1

The group reported an 89.7% combined ratio for the quarter.

Abbie Day, 22 May 2025
Catastrophe losses

Recent Midwest storms among costliest in US history: Aon

Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May.

Abbie Day, 22 May 2025
Catastrophe losses

Hannover Re to cede EUR230mn of LA wildfire losses to retro partners

Wildfire losses from fronting and ILS activities were EUR438mn.

Abbie Day, 13 May 2025
Catastrophe bonds

Allstate seeks $150mn with latest Sanders Re II cat bond

The bond provides coverage on personal-lines property in Florida.

Abbie Day, 09 May 2025
Reinsurance

Allstate aggregate recoveries reach $123mn for 2024-25

Its 2025 programme exhausts at $9.5bn excess $1bn.

Abbie Day, 01 May 2025
Catastrophe bonds

Palomar Specialty prices $525mn Torrey Pines Re

The bond initially sought $425mn across three tranches.

Abbie Day, 28 April 2025
Catastrophe losses

Perils increases Windstorm Éowyn insured-loss estimate to EUR696mn

Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.

Abbie Day, 28 April 2025
Reinsurance

Headline RoE of 18%-19% expected from reinsurers in 2025: Gallagher Re

Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.

Abbie Day, 08 April 2025
Catastrophe bonds

Palomar Specialty seeks $425mn of US quake coverage

Torrey Pines Re is split among three tranches of notes.

Abbie Day, 08 April 2025
Catastrophe bonds

Slide launches $250mn Purple Re cat bond

The cat bond will initially cover named storms in Florida and South Carolina.

Abbie Day, 07 April 2025
Re/insurers

US insurance stocks relatively stable amid tariff-related selloff

Insurance share prices were more resilient than the US stock market.

Abbie Day, 03 April 2025
Brokers

ILS capital hit a record $114bn as of 1 April: Gallagher Re

The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.

Abbie Day, 01 April 2025
Catastrophe bonds

Zenkyoren targets $100mn of Japanese quake coverage

The cedant’s Namaka Re bond is offering a spread range of 200-250 bps.

Abbie Day, 26 March 2025
Catastrophe bonds

Scor seeks $200mn of limit with Atlas cat bond

The bond provides coverage for North American storms and earthquakes, as well as European windstorms.

Abbie Day, 25 March 2025
Catastrophe bonds

Pool Re prices $129mn Baltic Re PCC terrorism cat bond at 590bps

The pricing is at the top end of the initial guidance range of 550-600bps.

Abbie Day, 25 March 2025
Catastrophe losses

Perils ups Central Europe and Italy flood loss estimate to EUR2.19bn

Most of the industry losses occurred in Austria, the Czech Republic and Poland.

Abbie Day, 20 March 2025
Brokers

Andersen expresses confidence in Aon leadership in internal memo

Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.

Abbie Day, 17 March 2025
Catastrophe bonds

Brit Re and Brit Syndicates seek $100mn Lapis cat bond coverage

This will be Brit’s first cat bond issuance since its 2020 deal through Sussex Capital.

Abbie Day, 11 March 2025
Catastrophe bonds

Pricing on Flood Re’s Vision 2039 cat bond settles at 5.75%

The deal is being issued through Lloyd’s London Bridge 2 PCC.

Abbie Day, 11 March 2025
Catastrophe bonds

Sompo seeks $150mn Sakura Re cat bond

The coverage will be on an indemnity, per-occurrence basis.

Abbie Day, 04 March 2025
Catastrophe bonds

Florida Peninsula, Edison and Ovie seek $150mn with Palm Re cat bond

The bond will cover named storms in the state of Florida.

Abbie Day, 04 March 2025
Catastrophe losses

State Farm pegs LA wildfire direct losses at $7.6bn

The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.

Abbie Day, 26 February 2025
Catastrophe losses

Lancashire pegs California wildfire losses at $145mn-$165mn

The carrier is “extremely well capitalised” to achieve its strategic ambitions.

Abbie Day, 13 February 2025
Catastrophe bonds

CEA prices $400mn cat bond above top of target range

The bond is likely replacing the 2021-1 Class F bond, which matured in December.

Abbie Day, 10 February 2025
Claims and losses

CatIQ pegs Alberta hailstorm insured loss at C$3.25bn

The storm is likely to be one of the costliest weather events in Canadian history.

Abbie Day, 10 February 2025
Renewals

Scor grows top line 9.2% to EUR5.3bn at January renewal

EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.

Abbie Day, 04 February 2025
Catastrophe bonds

American Integrity targets $325mn of named storm limit

The Integrity Re bond is structured into five tranches.

Abbie Day, 03 February 2025
ILS managers

LCP appoints Thomas as director in business development team

Barthelemy Thomas joins from PartnerRe Capital Management in Zurich

Abbie Day, 03 February 2025
Re/insurers

IDF appoints Menzinger operating committee chair

Menzinger succeeds Rowan Douglas, CEO of climate risk & resilience at Howden.

Abbie Day, 31 January 2025
Sidecars

MS Amlin renews Phoenix Re, increases capacity to $90mn

Company touts growing investor demand for Asian cat risks.

Abbie Day, 29 January 2025
Catastrophe losses

CatIQ pegs Jasper wildfire loss at more than C$1.2bn

Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.

Abbie Day, 27 January 2025

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