Wall Street had a rough start to the week on concern that a cheaper artificial intelligence-model from China could threaten the dominance of US technology, spurring a sell-off in stocks and a flight to haven assets. From New York to London and Tokyo, equities got hammered, with the S&P 500 dropping 1.9 per cent and … Read more
Already in 2024, the dollar amount of new Rule 144A property catastrophe bonds issued and settled has reached the second-highest level on record, with almost $12.8 billion in completed property cat bond deals tracked in the Artemis Deal Directory so far this year.Using our charts you can analyse the mix of issuance we include in … Read more
Change Healthcare says it has notified approximately 100 million Americans that their personal, financial and healthcare records may have been stolen in a February 2024 ransomware attack that caused the largest ever known data breach of protected health information. Image: Tamer Tuncay, Shutterstock.com. A ransomware attack at Change Healthcare in the third week of February … Read more
Investment manager Amundi US has continued to attract capital to its most recently launched dedicated insurance-linked securities (ILS) fund strategy, as the Pioneer CAT Bond Fund has now reached $426 million in assets, now roughly tripling in size over the course of 2024 so far.This success in raising capital for the investment manager’s first dedicated … Read more
Surplus strains market hits new premium report amid business challenges | Insurance coverage Enterprise America Insurance coverage Information Surplus strains market hits new premium report amid business challenges New report exhibits E&S enterprise booming Insurance coverage Information By Steven Byerley The U.S. surplus strains insurance coverage market reached a big milestone in 2023, surpassing $100 … Read more
