Tech-enabled property insurance company Slide Insurance remains on-track to secure what will be its largest catastrophe bond yet, still aiming for $250 million of reinsurance through the Purple Re Ltd. (Series 2025-1) transaction, while the price guidance has been updated in the lower-halves of the initially targeted ranges, Artemis has learned.Slide returned to the catastrophe … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese markets extended their slide on Tuesday as the heavy sell-off in technology stocks headed into a second day, driven in part by the overnight plunge in chipmaker Nvidia’s shares. Nvidia lost $589bn of market … Read more
Chinese stocks tumbled on Wednesday, curbing a historic rally after an anticipated fiscal stimulus announcement failed to materialise. The benchmark CSI 300 index closed down 7.1 per cent, reflecting the lack of clarity around the next steps in Beijing’s stimulus programme to boost economic growth and markets. Expectations had been mounting that an initial round … Read more