Defaulted hospital names chief restructuring officer
The Jackson Hospital & Clinic in Montgomery, Alabama, has named a chief restructuring officer within the aftermath of a bond payment default. Allen Wilen, partner at Eisner Advisory Group, will…
Bonds
AXA XL’s Guy Van Hecke named as AXA’s latest Head of Ceded Reinsurance
France-headquartered global re/insurance group AXA has appointed Guy Van Hecke as its latest Head of Ceded Reinsurance, with the worker set to also retain the identical role within the AXA…
Los Angeles and San Francisco are experiencing similar pressures
The metropolitan regions of Los Angeles and San Francisco are vastly different, but face some similar challenges as they emerge from the post-pandemic social framework. Those challenges include lost ridership…
Last large deals price amid constructive session
Municipals were barely firmer Thursday amid one other busy day in the first market, which saw a $1.1 billion deal from the North Texas Tollway Authority price and $850 million…
Reinsurance cycle likely passed peak. Softer for 2025 but with strong profitability: Fitch
Fitch Rankings has said that it believes the reinsurance pricing cycle has now almost certainly passed its peak, however the rating agency remains to be bullish on profitability of reinsurance…
South Dakota considers ending state grocery tax
South Dakota voters will determine the fate of Initiated Measure 28, which might eliminate the state sales tax on groceries. Illinois, Oklahoma, Kansas, Arkansas, Utah, Tennessee, Alabama and Virginia have…
Latest cat bond sponsor interest to proceed in 2025, alternative capital to maintain flowing: Rousseau, Guy Carpenter
Latest sponsors should proceed to come back to the catastrophe bond and insurance-linked securities (ILS) market through the rest of 2024 and into 2025, while inflows of other capital are…
Summer rally pushes August to finish within the black
Municipals were little modified to firmer in spots Tuesday as U.S. Treasury yields fell while equities sold off to begin September. “With August now behind us, munis continued the summer…
States slow to take up IRA tax credits
Just past the two-year anniversary of the Inflation Reduction Act, states have captured a median of seven% of the Biden administration’s signature climate laws potential funding opportunities. That is based…
Analyse the catastrophe bond maturity schedule, see when liquidity is coming
Catastrophe bond maturities are a major source of liquidity and money for the market, which is often reinvested into recent cat bond issues and as such the schedule of upcoming…