The name choice of a new pope carries symbolism for the values he wishes to emulate, in recognition of the most pressing issues he sees as leader of the Catholic Church. For Pope Leo XIV, artificial intelligence is at the heart of his name choice. Born Robert Francis Prevost, the new pope chose his papal … Read more
French reinsurer SCOR has cited the benefits of early issuance as being a key factor behind the successful placement of its latest catastrophe bond, saying this helped them access currently favourable market conditions with the recent $240 million Atlas Capital DAC (Series 2025-1).SCOR returned to the catastrophe bond market in March with its latest Atlas … Read more
The federal Occupational Safety and Health Administration (OSHA) recently cited a tire facility for 12 violations and proposed $288,299 in penalties after a forklift operator was fatally struck by a falling pallet of industrial truck tires. According to OSHA’s citation and press release, the inspectors determined that the three-tier … Read more
K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, has maintained its overweight view on the catastrophe bond and broader insurance-linked securities (ILS) asset class for the fourth-quarter, citing opportunities it sees in the market as well as the still historically high yields that are available.The investment manager says, on ILS in … Read more