Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, has returned to the catastrophe bond market for its second time, seeking $100 million or more in Florida named storm reinsurance from this Winston Re Ltd. (Series 2025-1) issuance.A year ago, Tower Hill Insurance Exchange secured $400 million of reinsurance from its debut … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves wants to breathe fresh life into a scheme linking the London and Shanghai stock exchanges, as she touts financial services as the “highlight” of Britain’s economic relations with China during a visit starting … Read more
A worker activist has sued the Department of Labor (DOL) to force the release of records surrounding the deaths of three workers at New Jersey Amazon workplaces in 2022. The lawsuit says DOL’s Occupational Safety and Health Administration (OSHA), which Amazon says opened investigations into all three deaths, has not responded to a freedom of … Read more
RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has returned to the catastrophe bond market seeking $250 million or more in multi-peril retrocessional from a Mona Lisa Re Ltd. (Series 2025-1) issuance, to cover risks in its own portfolio and that of its flagship partner capital vehicle DaVinci Re.This will be the sixth … Read more
China’s World Internet Conference (WIC), an annual event that promotes the Chinese model and concept of internet governance, will focus on artificial intelligence (AI) this year, as Beijing seeks a greater role in the global governance of AI. The event, also known as the Wuzhen Summit, will run from November 19-22 under the theme of … Read more
