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Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provide …
POSTED NOVEMBER 07, 2025 4:34 PM |
People Moves: MMA Appoints Balentine as President of National Business Insurance
Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’s property and casualty business, oversees the …
POSTED NOVEMBER 07, 2025 4:34 PM |
Markets/Coverages: Fidelis Launches Construction Consortium to Cover AI Data Centers
The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could rapidly represent billions in …
POSTED NOVEMBER 07, 2025 4:23 PM |
Explosion at Mississippi Chemical Plant Causes Ammonia Leak, Evacuations
An explosion at a hydrogen and nitrogen product manufacturer in Mississippi on Wednesday caused an ammonia leak and forced nearby residents to evacuate, officials said. Mississippi Gov. Tate Reeves said in a post on the social platform X that emergency …
POSTED NOVEMBER 07, 2025 3:56 PM |
Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says
AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an action that follows the …
POSTED NOVEMBER 07, 2025 3:49 PM |
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