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Hedge Fund Fermat Pushes Back Against ‘Unprecedented’ UCITS Plan
Fermat Capital Management says a European proposal to limit retail investors’ access to catastrophe bonds faces serious pushback, as money managers specialized in insurance-linked strategies mount a coordinated front. John Seo, co-founder and managing director of the Connecticut-based hedge fund …
POSTED MARCH 23, 2026 9:28 AM |
Tokio Marine to Form Partnership With Berkshire Hathaway, Initially Selling 2.49% Stake
Tokio Marine Holdings Inc. said on Monday it would form a strategic partnership with Warren Buffett’s Berkshire Hathaway by initially selling a 2.49% stake through a third-party allotment of treasury shares. Berkshire Hathaway in 2019 kicked off a number of …
POSTED MARCH 23, 2026 9:18 AM |
Chinese Insurer Ping An’s Offshore Unit Reconsiders US Exposure
The overseas investment arm of China’s Ping An Insurance (Group) Company is reconsidering its exposure to the US as the Iran war fuels waves of volatility. The conflict in the Middle East has upended global markets over the past few …
POSTED MARCH 23, 2026 8:02 AM |
Iran-Linked Hackers Restore Website After US Seizes Domains
The website used by an Iranian government-linked hacking unit that claimed responsibility for a March 11 cyberattack on a U.S. medical device maker was back up and running a day after the FBI and Department of Justice seized its internet …
POSTED MARCH 23, 2026 5:20 AM |
Hyundai Says More Injuries Tied to SUV Rear Power Seat Recall
Hyundai Motor said on March 20 it has reports of four minor injuries because rear power seats in new Palisade SUVs may trap a person as sales remained halted after an incident earlier this month in which a two-year-old girl …
POSTED MARCH 23, 2026 5:15 AM |
Remote Spanish Airport Again Becomes Parking Lot for Planes, This Time on Iran War
An airport in a dusty and remote corner of rural Spain has once again become a parking lot for aircraft stranded in Europe, this time due to the war with Iran, which has forced countries to close their airspace and …
POSTED MARCH 23, 2026 5:05 AM |
The Luxury Life of British Expats in Dubai Faces a Reality Check
On a trip to Dubai two years ago to review luxury hotels, I found myself at a beach-club brunch surrounded by people with British accents. Groups were debating the merits of different corners of the Clapham neighborhood. If not for …
POSTED MARCH 23, 2026 5:03 AM |
‘Mental Health Trip’ to NY Not Compensable, Florida Appellate Court Finds
A south Florida FedEx driver, now a quadriplegic after a vehicle crash in 2019, may need constant care and may benefit from a trip to see family members in New York. But the employer and the workers’ compensation insurer should …
POSTED MARCH 23, 2026 5:02 AM |
Predicting the Insurability of Prediction Markets
Could a market that facilitates millions in wagers on how many times Vice President JD Vance claps during a State of the Union address, or whether Elon Musk will finally be unmasked as Satoshi Nakamoto—the elusive, pseudonymous creator of bitcoin—actually …
POSTED MARCH 23, 2026 5:02 AM |
Orlando Apartment Complex Evacuated After Cracks Found on All Five Floors
More than 350 people were hastily evacuated from an Orlando apartment complex last week after fire officials found cracks throughout the building along with doors that wouldn’t open. Local news outlets reported that a panicky resident called 911 Thursday morning …
POSTED MARCH 23, 2026 5:01 AM |
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