Introduction The use of non-warships and non-coast guard cutters for contest operations is a clear feature of current tensions at sea. The use of merchant vessels to cut cables in the Baltic Sea, along with harassment and presence operations by fishing vessels as part of the PRC maritime militia in the South China Sea and … Read more
Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued seven series of private catastrophe bond notes, all Seaside Re (Series 2025), for a total of $84 million of notes sold to investors.Hannover Re remains a key facilitator to ILS market participants and its clients, through the matching of reinsurance … Read more
The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to be aware of temporary flight restrictions, follow special air traffic procedures and comply with additional operational requirements that will be in effect for Super Bowl LIX. According to the FAA’s Safety Plan for the Super … Read more
Microsoft has alerted IT administrators and users to a critical issue with the October and November 2024 security updates for Windows 11, version 24H2. When installed using physical media, such as USB drives or CDs, these updates may prevent systems from accepting future security updates, posing a significant risk to cyber security. Below, we explain … Read more
California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in Ratemaking Regulation, which enables reinsurance as a ratemaking factor and requires insurers to increase coverage in high-risk areas. The step, which the … Read more
