By Lewis Nibbelin, Contributing Writer, Triple-I Louisiana Sen. Bill Cassidy recently took to the Senate floor to call for restoration of FEMA’s Building Resilient Infrastructure and Communities (BRIC) program, whose elimination the agency announced on April 4. Established by Congress through the Disaster Recovery Reform Act of 2018, the BRIC program has allocated more than $5 … Read more
The White House is stepping up its efforts to bring independent agencies — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — under its control, requiring allies of President Donald Trump to approve all new regulations beginning Monday. New guidance from the Office of Information and Regulatory Affairs, delivered to agencies … Read more
Moody’s Ratings has published a discussion paper on insurance-linked securities (ILS), with a focus on catastrophe bonds, and is seeking feedback from market participants to help clarify its understanding of ILS market dynamics and associated credit risks.Moody’s Ratings said that, as catastrophe bonds become an increasingly important component of insurance and reinsurance sector risk management … Read more
Hellman & Friedman is looking to raise at least $1 billion in equity from investors for Hub International Ltd., in a potential deal valuing the insurance brokerage at $30 billion, according to people familiar with the matter. The private equity firm is working with Morgan Stanley and Goldman Sachs Group Inc. on the so-called liquid … Read more
After leaving school, Jeewanthi Adikari was determined to pursue her studies in accounting. But her life took a different path when she began a three-month training programme in hospitality. She has since worked in different hotels throughout a career spanning over two decades. Now 42, she is in charge of Sri Lanka’s first resort fully … Read more