Cedar Trace obtains in-principle approval from Lloyd’s for new $300m syndicate

Following in-principle approval from the Lloyd’s Council, Cedar Trace Underwriting has entered the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, to be led by CUO Richard Holden. According to the firm, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct insurance portfolio, marking a significant expansion of…

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‘Physical economy is back’ as data centres become strategic infrastructure: Swiss Re

Jérôme Haegeli, Group Chief Economist at Swiss Re and Head of the Swiss Re Institute, has said the “physical economy is back” as the rapid expansion of data centre investment fuels a new global capital expenditure (capex) super-cycle. Speaking during the 68th edition of the Rendez-Vous de Septembre (RVS) in Monte Carlo, alongside colleague Gianfranco…

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Competition and capacity put APAC reinsurance margins under pressure, Fitch says

Fitch Ratings, a global credit ratings and research agency, expects competition and abundant reinsurance capacity to put further pressure on margins across the Asia-Pacific market in 2026. The agency says the continued availability of capital is likely to weigh on pricing, with reinsurers potentially offering more favourable terms to selected portfolios. Fitch expects the greatest…

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Ocean Re names Neil Bramley as CUO

Ocean Re, a global reinsurance company providing reinsurance capacity and underwriting solutions to clients and brokers, has appointed Neil Bramley as Chief Underwriting Officer (CUO), following his period serving in the position on an interim basis. Bramley took on the interim CUO role in May and will now continue in the position on a permanent…

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