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Even after the coronavirus, the accounting profession will need to keep changing and adapting at a rapid pace. Original Article Posted at : https://www.accountingtoday.com/opinion/no-progress-in-accounting-without-a-pandemic
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Insurance and reinsurance broker Aon has offered its view on the recent winter storm activity in the United States, saying that an expected “hurricane-level” of claims from the winter storm “will translate to payouts well into the billions of dollars.” Aon’s Impact Forecasting unit has not provided a loss estimate and so still the only…
Read MoreToday’s mortgage and refinance rates Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a […] Original Article Posted at : https://themortgagereports.com/74714/mortgage-and-refinance-rates-today-february-26-2021
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The U.S. Federal Emergency Management Agency (FEMA) has continued to spread its risk with its latest visit to the catastrophe bond market, as its $575 million FloodSmart Re Ltd. (Series 2021-1) cat bond has lifted its reinsurance program for the National Flood Insurance Program (NFIP) to a new high. FEMA returned to the catastrophe bond…
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“To become successful, you need to be excellent and likable,” said a local Black physician giving advice to young underrepresented students facing the usual challenges of medical school. “Black excellence is the only way forward. The system and the institutions are racist, but we just need to work extra hard. If we do, we will…
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We all want our children to be able to go back to school. What we don’t want is for them — or their teachers — to get sick from COVID-19. There is no easy, let alone perfect, solution, which is why, a year into the pandemic, there is no clear way forward. Recently the Centers…
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RSA Group, the UK based insurance group, has cut its main Group Volatility Cover, an aggregate reinsurance protection, as it balanced cost against the protection it offered at the January 2021 reinsurance renewals. RSA has cut the Group Volatility Cover (GVC) reinsurance tower by one-quarter, only electing to place it to 75% at the January…
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UK government backed mutual terrorism reinsurance firm Pool Re has secured another increase in size to its retrocession program, lifting it to almost US $3.5 billion at the latest renewal, but still insurance-linked securities (ILS) capacity remains limited to its previous catastrophe bond. Pool Re placed its UK £2.475 billion (US $3.5bn) retrocession programme for…
Read MoreExtreme demand for homes is pushing home values up at a rate not seen since before the Great Recession, a new Zillow report finds. Several trends — including new millennial homebuyers, record-low interest rates, trends related to the coronavirus pandemic and the relatively small pool of homes for sale — have converged to heat up…
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PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has significantly grown its third-party capital assets under management, lifting them above $1 billion around the January 2021 renewals. PartnerRe has been managing third-party or alternative reinsurance capital for many years, with a successful quota share sidecar program and a range of other collateralized reinsurance structures…
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