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The reinsurer is the second sponsor opting not to renew cyber coverage in the bond market this year.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The syndicate is expected to write ~$300mn of business in 2026.
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Competition on price from traditional markets is weighing on bond market momentum.
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The cedant’s current deal is due to mature at the end of January 2026.
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The executive is charged with defrauding investors out of nearly $500mn.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The tech firm is building a joint stock company with insurers and investors.
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It is understood that CyberCube has been considering a sale of the business.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Syndicate 1440 was approved to assume business incepting January 2026.
