Ruby Re, Reinsurance Group of America’s (RGA) third-party life reinsurance sidecar, has now raised a total of $480 million in capital following the close of its second funding round, which is near the upper limit of the $400 million to $500 million target range for the Missouri-domiciled vehicle.Launched in December 2023 with backing from a … Read more
As the season changes, a new budget has been announced by the government. Despite rumours of a Capital Gains Tax (CGT) increase for second homeowners, on the 30th of October 2024, Chancellor Rachel Reeves declared that the rate for CGT on residential properties will not change. The Capital Gains Tax rates for residential properties will … Read more
Considering how few people ever have to pay it, there’s always a lot of worry and political noise about capital gains tax on shares. Capital gains tax (CGT) falls due on investments you sell for a profit in any given tax year, unless: The asset is sheltered in your ISAs or pensions. Your gains can … Read more
La consolidación de Madrid como hub tecnológico mundial, un paso más cerca de hacerse realidad. La presidenta de la Comunidad de Madrid, Isabel Díaz Ayuso, ha presentado en sociedad Madrid 4 AI, la marca con la que el Ejecutivo autonómico ambiciona situar a la capital como referente mundial en términos de inteligencia artificial (IA). Con … Read more
Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more
