Cloud-native network detection and response provider ExtraHop has introduced new features that enables secure adoption and implementation of IoT in the enterprise. IoT reduces operational friction, making businesses more efficient and employees more productive. But this comes at a cost. IoT moves computing power to the edge, vastly expanding the enterprise attack surface, and without … Read more
Global reinsurance company SCOR has now secured the 20% upsized target for $240 million in fully-collateralized retrocession from its new Atlas Capital DAC (Series 2025-1) catastrophe bond, with the notes now priced 6.5% below the mid-point of initial spread guidance, Artemis has learned.SCOR returned to the cat bond market in March, with an initial target … Read more
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
The ioXt Alliance, the global standard for IoT security, said last week Tuya Smart has certified its Wi-Fi module through the ioXt Certification Program. The product certification marks the beginning of Tuya’s relationship with ioXt and further expansion for the ioXt Alliance through Tuya’s global all-in-one AIoT platform. The Alliance is backed by the biggest … Read more
US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.Allstate returned to the catastrophe bond market in February … Read more