SCOR seeks $125m Atlas Capital 2024-1 multi-peril retro cat bond – Nexus Vista

France-headquartered world reinsurance firm SCOR is again within the disaster bond market looking for extra peak disaster peril retrocession, seeking to safe $125 million or extra in North America targeted protection from an Atlas Capital DAC (Collection 2024-1) issuance.SCOR final sponsored a disaster bond one yr in the past, from which it secured $75 million … Read more

Gallatin Level seeks $150m Marlon Florida wind cat bond to guard funding portfolio – Nexus Vista

An fascinating new disaster bond transaction has come to gentle, as we’ve discovered non-public funding agency Gallatin Level Capital LLC is to grow to be the beneficiary of a cat bond to switch some Florida hurricane danger from its funding portfolio, with a $150 million goal for the Marlon Ltd. (Sequence 2024-1) issuance.Gallatin Level is … Read more

UK seeks to criminalize creation of sexually specific AI deepfake photos with out consent – Nexus Vista

On Tuesday, the UK authorities introduced a brand new legislation concentrating on the creation of AI-generated sexually specific deepfake photos. Underneath the laws, which has not but been handed, offenders would face prosecution and a limiteless fantastic, even when they don’t extensively share the photographs however create them with the intent to misery the sufferer. … Read more