Markets

Greenlight Re Reports Record Underwriting Year, Minimal Private Credit and War Exposure

Pershing Files for $10B IPO as Vantage Deal Puts Insurance at Center of Ackman's Strategy

Pershing Square's IPO filing confirms the $2.1 billion Vantage acquisition and reveals insurance companies as anchor investors — while flagging the deal as a distraction risk to the fund itself.

Insurers Caught Between Regulation and Rate Cycle as Bond Market Anchors Erode

Hawaiian Electric Says Court Ruling “Derails” Insurers’ Effort to Block Maui Wildfire Settlement

Berkshire's Abel Says Energy Holdings Can't Be a "Deep Pocket" For Growing Wildfire Risk

In his first shareholder letter, Berkshire CEO Greg Abel draws a firm line on wildfire liability for energy holdings, even as Berkshire's own insurance operations absorbed nearly $1.8 billion in underwriting losses tied in part to the 2025 Los Angeles fires.

Edison Acknowledges "Viable Explanation" for Eaton Fire, Urges Risk Sharing Beyond Private Market Insurance

Cat Bond Markets Price Wildfire Risk at 6x Models And The Gap Is Growing

Wildfire Risk Rules Could Threaten California’s AI Build-Out and PG&E Shares, Executives Warn

As California’s wildfire liability debate moves into its final phase, PG&E is telling investors that a bad deal could hurt grid expansion, affordability, and AI data-center growth.

Insurers Say Their Tech Exposure Is "Immaterial". Wall Street Isn't So Sure.

Wall Street insurers across earnings calls about software and private credit exposure, suggesting the buy side sees concentration risk the industry hasn't priced.

Xcel Defends Wildfire Plans as Policymakers Push Back

After settling a $650 million claim tied to the Marshall Fire, the utility says that its power shutoff strategy is painful but necessary.

Former White House Cyber Official Proposes Catastrophe Bonds to Address China Infrastructure Threats