How a reverse mortgage affects generational wealth
When used strategically, a reverse mortgage can support generational wealth while allowing you to age in place.
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Trump threatens additional tariffs against European Union, Canada
President Trump is considering additional tariffs against the European Union and Canada after both announced retaliatory tariffs on the U.S. CBS News correspondent Natalie Brand reports.
Reinsurance market to plateau at a high level through future renewals: Sven Althoff
Hannover Re, one of Europe’s big four reinsurance companies, expects the renewal rounds for the rest of 2025 to be similar to the experience at January 1st with the market poised to plateau at a high level, according to Sven Althoff, Member of the Executive Board for property and casualty (P&C). Executives at Hannover Re…
Schumer calls for vote on new continuing resolution to avoid government shutdown
Senate Minority Leader Chuck Schumer says Republican senators don’t have the votes to pass the GOP spending bill that was approved by the House and is instead pushing for a vote on a separate 30-day continuing resolution. Congress has until Friday night to avert a government shutdown. CBS News congressional reporter Taurean Small has the…
Chinese restaurant compensates patrons after diner urinates in hotpot
Shanghai police say two 17-year-olds were placed in “administrative detention” following the incident at a restaurant where diners simmer food at their own tables.
Poland’s president calls for U.S. to deploy nuclear weapons in his nation
Poland’s President Duda called on the U.S. to deploy nuclear weapons to his nation as a deterrent to any possible attack by Russia.
ASR North Africa secures Lloyd’s approval to strengthen regional insurance market
Africa Specialty Risks (ASR), a re/insurance group specialising in emerging markets, has received approval for ASR North Africa to operate as a service company at Lloyd’s, allowing it to underwrite policies on behalf of Syndicate 2454 within the country. With this approval, brokers in Morocco—Africa’s second-largest insurance market—and the wider North-West African region gain direct…
HP Re appoints Matt Walters as Chief Operating Officer
HP Reinsurance SPC Ltd. (HP Re), a Cayman Islands based reinsurer established by North Carolina investment adviser Hale Partnership Capital Management, has announced the appointment of Matt Walters as Chief Operating Officer, effective April 2, 2025. Walters joins HP Re after a career at major investment banks, most recently serving as Group Head of Syndicated…
FERMA calls for revisions to EU Public Procurement Directives
FERMA, the representative organisation of the risk management profession in Europe, has shared its support for revisions to the EU Public Procurement Directives (PPD), advocating for changes that would improve the ability of public-sector companies to purchase insurance coverage. This stance was articulated in their recently released Position Paper on the Revision of the EU…
AXA XL adds Marsh’s Nevill to UK & Lloyd’s Specialty team
AXA XL’s UK & Lloyd’s Business Unit has announced the appointment of Louise Nevill as Chief Underwriting Officer – Specialty and Sundeep Khera as Head of Marine and Energy. These appointments reflect a wider strategic restructuring of the firm’s underwriting model, under the leadership of Chief Underwriting Officer Mike Gosselin. As CUO, Nevill, who will…