Fortitude Group Holdings, a wholly owned subsidiary of Fortitude Re, has announced the pricing of a private offering of $750 million aggregate principal amount of 6.25% senior unsecured notes due 2030. The company intends to use the net proceeds from this offering to reduce its outstanding term loan borrowings, cover associated premiums, fees, and expenses,…
Gayle King will step out of her comfort zone and into a space suit alongside Katy Perry, Lauren Sánchez, Aisha Bowe, Amanda Nguyen and Kerianne Flynn.
Egyptian state media say a semi-submarine tourist vessel has sunk off the country’s popular Red Sea coast, killing at least six people.
Mangrove Property Insurance Company, a newly formed Florida insurer, has announced the appointment of Tim Cotton as Chief Operating Officer. Cotton, a seasoned leader in the property insurance industry, has 30 years of experience, including 28 years specialising in the Florida property market. Cotton has had an extensive career, which includes a Chief Operating Officer…
MAPFRE Economics, the research arm of MAPFRE, a Spain-based insurance company, has raised its global growth forecast in its latest Economic and Industry Outlook 2025 report, projecting a 3.1% increase in global GDP for 2025, a slight upward revision from previous estimates. The report also anticipates a 3% global growth rate for 2024, with inflation…
A new study shows how cuts to foreign aid could lead to millions of HIV/AIDS deaths and soaring rates of infections, undoing decades of progress against the virus.
Actor Gene Hackman, wife found dead in New Mexico home; Nationwide “economic blackout” planned for Friday.
SiriusPoint has entered a strategic partnership with Balance Partners, a North American managing general underwriter, to provide capacity for Balance Partners’ new Excess Construction Liability program, Vertical, which underwrites lead and following excess layers of up to $5 million. The new program, led by John LoPorto, Head of Vertical at Balance Partners’ New York Excess…
Veteran insurance and reinsurance executive Simone Camilla Oliveira has launched Uplift Strategy Consulting, a London-based boutique advisory firm that aims to drive transformations for re/insurers. Uplift Strategy Consulting helps its clients transform complex business transitions, such as M&A due diligence and integration, operational restructuring, and international market expansion, into sustainable competitive advantages. Leveraging Oliveira’s extensive…
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Edel Chatterton as Chief Financial Officer, Ascot U.K. and Ascot Underwriting Limited (AUL). In this role, Chatterton will oversee Ascot U.K.’s finance organisation and capital strategy, including financial planning and analysis, tax, and treasury functions. She brings 20 years of industry experience, having held…