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Insurance Capital Daily
Independent Intelligence on Insurance Investment
Saturday, October 3, 2026The Morning Brief →Sign in
Top stories
Latest
AM Best reports fewer P/C downgrades and more life/health upgrades in H1 2026
Capital Rules · 2d ago
AM Best affirms Sigurd Rück ratings but leaves outlook unstated in excerpt
ILS & Reinsurance · 2d ago
The Hartford names Mo Tooker to succeed Christopher Swift as CEO
The Wrap · 2d ago
BMA chief Craig Swan tells annuity conference the regulator holds about 50 actuaries
Capital Rules · 2d ago
Features
The Float
Sidecar Watch
The Account Agenda
The Insurance Capital Week
Data
The RIA Deal Tracker →
Every verified deal, lift-out, and breakaway
Firm & Fund Lookup →
17,010 firms & people tracked
THIS WEEK208 deals announced175 closed242 advisor moves130 executive changes136 fund filings
Insurance Capital Daily FeaturesAll features →
The Float

Barings-backed Pinion hires casualty ILS veteran Gary Maier as US chief executive

The Bermuda carrier has delayed underwriting while it seeks excess and surplus licenses across the United States.
The Float

FGH 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.
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.
Dec 31Zar Toolan — to Certified Financial Planner Board of Standards Inc.
Dec 31Drew McMorrow — to Certified Financial Planner Board of Standards Inc.
ILS & ReinsuranceAll ILS & Reinsurance →

Banyan Risk launches Red Fox to write wildfire-exposed property with Lloyd's capacity

The Bermuda MGA's new unit will write non-admitted cover with primary limits up to $10 million, backed by Argenta Syndicate 2121 at Lloyd's.

Washington regulator puts Spokane wildfire losses at $772 million in first data call

The Office of the Insurance Commissioner figure is an industry-wide aggregate for the three fires that converged on Spokane in August.

University of Miami and NOAA isolate four signs a tilted storm is about to straighten up

The study draws on 1,510 radar analyses over 28 hurricane seasons and finds aligned storms looked different about a day ahead.
General AccountAll General Account →

American Overseas Group retires its 12% notes as quarterly profit falls to $1.6 million

Remaining debt is $5.3 million of 9 per cent notes after the 12 per cent issue was cleared.

MIM's Market Strategy team overweights U.S. investment grade and residential whole loans, underweights cash

The note says a September policy-rate increase looks likely and rests its growth call on AI infrastructure spending and consumer spending.

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%.
Data
383deals on the tracker this week — every one verified by the newsroomThe RIA Deal Tracker →
372advisor and executive moves on the wire this weekThe Moves Wire →
17,010firms, funds, and people in PWD’s coverageFirm & Fund Lookup →
Earlier coverage
The Wrap

VIG Re names Catrina Gemmerich chief business officer, effective March 2027

Capital Rules

Senate passes TRIA reauthorization to 2034; House event-certification threshold remains the open question

Insurance Credit

AM Best flags unrated reinsurance behind $30 billion of fronting premium

The Wrap

Ascot reorganizes into two divisions and hires AIG's Chris Flatt to run consumer lines

General Account

Allshores posts 15.7% first-half operating profit rise as investment return drops 30.5%

ILS & Reinsurance

Pinion names Ledger Investing's Gary Maier as US chief executive

General Account

Collis and Ngai pitch India's onshore bonds as strategic fixed income allocation

General Account

Committing more after volatility spikes beat fixed pacing in QRG vintage study

Capital Rules

Sun Life launches BMA-licensed Bermuda subsidiary for participating life

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

Capital Rules

NAIC explores stricter capital rules for some offshore life reinsurance deals

Capital Rules

Michigan bill would replace ambiguous pronouns in insurer division statute

ILS & Reinsurance

Three Pacific hurricanes reach Category 5 as the season runs ahead of normal

Manager Tie-Ups

FGH Parent acquires Dayforward, moving annuity issuance inside Fortitude Re

The Wrap

Fidelis Partnership files for NYSE listing; Pelagos stake accounts for first-half profit gain

ILS & Reinsurance →Insurance Credit →The Wrap →Capital Rules →Manager Tie-Ups →General Account →
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