Florida Peninsula Insurance Company has now successfully priced its latest catastrophe bond transaction, securing the 43% upsized target of $250 million of named storm reinsurance protection from the new Palm Re Ltd. (Series 2025-1) issuance, while pricing of the notes was finalised roughly 10% below the mid-point of the initial guidance range, Artemis has learned.Florida … Read more
Judy Roy. File photo. by JUDY ROY A motherless boy in a grown man’s body, Bill never misses a community meal. Server, dishwasher, eager team player, he sparks the kitchen crew. Last week a guest stopped to thank the cooks, spotted Billy, gave him a hug. He wrapped her in his powerful arms, swaying back … Read more
Major hurricane Milton continues to bear down on Florida and in recent updates from the National Hurricane Centre warning areas for the Florida Peninsula have been expanded, with an expectation the storm could sustain hurricane wind speeds all the way as it crosses the state from west to east.The latest National Hurricane Centre (NHC) update … Read more