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Fitch Ratings has adjusted its outlook for the global reinsurance sector to stable, from negative, citing the hardening reinsurance market as the reason for its now more positive view on the market. The rating agency had been negative on the future prospects of the global reinsurance market as recently as September, when a report said…
Read MoreShopping for a used car? You’re in luck — December kicks off a period of several months that is the best time to get a deal on a new set of wheels. But whatever you do, avoid shopping on July 4. Those are among the findings of a new study by car search engine iSeeCars…
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Lloyd’s based specialist motor insurer ERS will now back the Arcus 1856 syndicate at Lloyd’s, taking over the operation from the Credit Suisse Insurance-Linked Strategies (ILS) team. It’s understood that Credit Suisse ILS had been looking for a buyer, or someone to step in and take over the Lloyd’s syndicates backing, as it had not…
Read MoreDiscovery is launching a new streaming service that it says will have the “largest-ever content offering of any new streaming service,” all for an unusually low price. Discovery+ will feature a blend of entertainment from popular networks — including HGTV, Food Network, TLC, ID, OWN, Animal Planet and Discovery Channel — with exclusive, original series…
Read MoreBy embracing a $908 billion bipartisan pandemic relief plan , congressional Democratic leaders may have jump-started long-dormant talks over short-term economic aid. A nudge by…
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AXIS Capital has increased the size of its latest catastrophe bond issuance by 50%, as the Northshore Re II Ltd. (Series 2021-1) transaction is now set to complete at $150 million in size, with pricing now been fixed below the initial guidance. The Bermuda headquartered global specialty insurance and reinsurance firm returned to the catastrophe…
Read MoreThis story originally appeared on NewRetirement.com. Warren Buffett earned his nickname honestly. The Oracle of Omaha’s success at investing is legendary, and he has ranked among the world’s wealthiest people time and again. But Buffett isn’t your typical wealthy business magnate. His retirement planning advice isn’t just for the rich and famous — it works…
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Reinsurance broker Guy Carpenter has announced the hiring of Miles Shephard from Aon, who will join the company as Managing Director and Head of GC Access, International, its specialist program capacity focused unit. GC Access is dedicated to program business and works to connect managing general agents (MGA) with capacity, including enabling access to the…
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Alphabet, Inc., the holding company for tech giant Google and its units, has returned to the catastrophe bond market in very quick succession to add a second $95 million Phoenician Re Ltd. (Series 2020-2) transaction, clearly pleased with the pricing and execution of its first. Alphabet hadonly priced its first catastrophe bond issuance, the Phoenician…
Read MoreThe legislation is in reaction to U.S. regulators being unable to review the companies’ financial audits. Original Article Posted at : https://www.accountingtoday.com/articles/house-approves-restrictions-on-chinese-companies-listing-in-u-s
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