FIO

Bermuda Reinsurance CEOs Discuss Putting Capital to Work at 2024 Bermuda Risk Summit

Retrieved on: 
Thursday, February 29, 2024

A panel of Bermuda reinsurance CEOs offer a unique lens into optimising capital deployment, risk management, and the dynamic forces shaping the industry's future at the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY.

Key Points: 
  • A panel of Bermuda reinsurance CEOs offer a unique lens into optimising capital deployment, risk management, and the dynamic forces shaping the industry's future at the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY.
  • John Huff said, “It is a pleasure to once again be moderating a panel at the Bermuda Risk Summit, which ABIR has been a headline sponsor of since its inception three years ago.
  • I look forward to asking these CEOs why Bermuda remains the world’s risk capital, as well as discussing our global prominence as a property and casualty market.
  • An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.

States Issue Property & Casualty Market Intelligence Data Call Covering Over 80% of U.S. Market

Retrieved on: 
Friday, March 8, 2024

Under their regulatory authority, state Departments of Insurance routinely collect data from insurance companies to better understand market dynamics.

Key Points: 
  • Under their regulatory authority, state Departments of Insurance routinely collect data from insurance companies to better understand market dynamics.
  • Today, state insurance regulators have united to issue a comprehensive, multi-state data call coordinated by the National Association of Insurance Commissioners (NAIC) to collect and analyze data covering more than 80% of the U.S. property insurance market by premium volume.
  • The Property & Casualty Market Intelligence Data Call (PCMI) will gather data from more than 400 property insurers operating locally and across the country to give state insurance regulators a clear sense of what is happening in their individual property markets and the nation overall.
  • "The Property & Casualty Market Intelligence Data Call will provide a more holistic view of the property insurance market within our individual states and across the nation," said Alan McClain, Commissioner of the Arkansas Insurance Department and chair of the NAIC Property and Casualty Committee.

Kalray Announces Availability of New NG-Box NVMe Storage Solution for Data-Intensive and AI Applications

Retrieved on: 
Tuesday, November 14, 2023

Kalray is showcasing the NG-Box at SuperComputing 2023 (SC23) this week, the leading international conference for high performance computing and AI technologies.

Key Points: 
  • Kalray is showcasing the NG-Box at SuperComputing 2023 (SC23) this week, the leading international conference for high performance computing and AI technologies.
  • In addition, NG-Box makes the adoption of the NVMe-over-Fabric standard easy, positioning it as a strong solution for AI and data-intensive usage.
  • Together, Kalray’s NGenea product suite offers organizations a leading global data management and storage solutions platform specialized for data intensive and AI workloads.
  • The Kalray NGenea solution, including NG-Box, is available through both Kalray and Dell Technologies.

NAIC Data Call to Provide Robust Look at Property Insurance Availability, Affordability

Retrieved on: 
Thursday, November 2, 2023

Work on the template for the ZIP-code-level data state insurance regulators will request from insurers is continuing under the direction of the Property and Casualty Insurance (C) Committee, chaired by Alan McClain, Commissioner of the Arkansas Insurance Department.

Key Points: 
  • Work on the template for the ZIP-code-level data state insurance regulators will request from insurers is continuing under the direction of the Property and Casualty Insurance (C) Committee, chaired by Alan McClain, Commissioner of the Arkansas Insurance Department.
  • The NAIC has been engaged in ongoing discussions regarding the data call with members of the insurance industry and state insurance regulators, as well as the U.S. Department of the Treasury's Federal Insurance Office (FIO).
  • State insurance regulators have been working to add granular data on availability and affordability of property coverage for consumers to the robust financial data on solvency and investments we already have.
  • This is part of our long-term, robust data collection strategy to help regulators nimbly respond to inquiries related to their property markets.

EQS-News: Hypoport SE: further slight rise in the volume of mortgage finance transactions

Retrieved on: 
Thursday, October 26, 2023

Europace transaction volume rises by 7 per cent compared with Q2 2023; transaction volume per sales day falls by 2 per cent

Key Points: 
  • Europace transaction volume rises by 7 per cent compared with Q2 2023; transaction volume per sales day falls by 2 per cent
    Berlin, 20 October 2023: The volume of mortgage finance transactions on Europace rose slightly in the third quarter compared with the preceding quarter.
  • The volume of mortgage finance transactions rose by 9 per cent to €14 billion (volume per sales day: down by 1 per cent).
  • On FINMAS, the sub-marketplace for institutions in the savings banks sector, the volume of transactions rose by 13 per cent compared with the second quarter to reach €1.9 billion (volume per sales day: up by 3 per cent).
  • “Back in the third quarter of last year, we saw an unprecedented slump in the volume of mortgage finance transactions,” said Ronald Slabke, Chief Executive Officer of Hypoport SE, explaining the reasons for the small increase in the mortgage finance volume.

KIOXIA Highlights Additions to Data Center and Enterprise SSD Portfolio at 2023 OCP Global Summit

Retrieved on: 
Tuesday, October 17, 2023

KIOXIA America, Inc. is at the Open Compute Project® (OCP®) Global Summit this week to highlight its extensive data center and enterprise solid state drive (SSD) portfolio, including next-generation Enterprise and Data Center Standard Form Factor (EDSFF) E1.S SSDs for hyperscale data centers, Software-Enabled Flash™ technology, and PCIe® 5.0 SSDs.

Key Points: 
  • KIOXIA America, Inc. is at the Open Compute Project® (OCP®) Global Summit this week to highlight its extensive data center and enterprise solid state drive (SSD) portfolio, including next-generation Enterprise and Data Center Standard Form Factor (EDSFF) E1.S SSDs for hyperscale data centers, Software-Enabled Flash™ technology, and PCIe® 5.0 SSDs.
  • The company’s participation in the OCP Global Summit opens opportunities for direct connection and collaboration with customers focused on the same goals.
  • KIOXIA CD8P Series U.2 Data Center NVMe™ SSDs: The KIOXIA CD8P Series SSD is one of the first data center class PCIe 5.0 SSDs coming to the market.
  • Providing high performance at a reasonable cost for data center workloads, the KIOXIA CD8P Series can be used to rapidly access large data sets used by cloud and data center providers.

EQS-News: Hypoport SE: further slight rise in the volume of mortgage finance transactions per working day

Retrieved on: 
Wednesday, July 19, 2023

However, the volume per working day, which takes into account the higher number of public holidays in the second quarter, was up by a modest 3 per cent.

Key Points: 
  • However, the volume per working day, which takes into account the higher number of public holidays in the second quarter, was up by a modest 3 per cent.
  • The volume of mortgage finance transactions edged down by 3 per cent to €13 billion but rose by 5 per cent per working day.
  • Compared with the first quarter of 2023, the transaction volume in the building finance product group fell by 15 per cent to €1.8 billion in the second quarter of 2023 (down by 7 per cent per working day).
  • In the cooperative banking sector, institutions used the dedicated GENOPACE sub-marketplace to generate a volume of €2.7 billion, representing a rise of 5 per cent (13 per cent per working day).

PIA Top Priority, Repeal of Federal Insurance Office, Introduced in Senate

Retrieved on: 
Wednesday, May 24, 2023

"The Federal Insurance Office Abolishment Act will protect the successful state insurance regulatory system by repealing the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)," said PIA President Gerald Hemphill.

Key Points: 
  • "The Federal Insurance Office Abolishment Act will protect the successful state insurance regulatory system by repealing the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)," said PIA President Gerald Hemphill.
  • "The proper place for the regulation of insurance is at the state level and the state regulation of insurance has served the insurance industry and consumers well for over one hundred years."
  • State insurance departments and legislatures are the proper place for the regulation of insurance, and the state insurance regulatory system has served both consumers and the insurance industry well for over one hundred years.
  • "The Federal Insurance Office Abolishment Act would protect our strong state regulatory structure by fully repealing the FIO."

PIA Top Priority, Repeal of Federal Insurance Office, Introduced in House

Retrieved on: 
Friday, April 28, 2023

The Federal Insurance Office Elimination Act will protect the successful state insurance regulatory system by repealing the FIO, an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

Key Points: 
  • The Federal Insurance Office Elimination Act will protect the successful state insurance regulatory system by repealing the FIO, an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
  • "In 2010, advocates of federal insurance regulation succeeded in getting the Federal Insurance Office (FIO) established as part of the 2010 Dodd-Frank law–but PIA has never given up on repealing it," said Jon Gentile, PIA vice president of government relations.
  • "Many of the FIO's duties are examples of federal overreach in the context of our system of state insurance regulation," Gentile said.
  • In 2016, PIA was the first national insurance association to call for the repeal of the FIO.

EQS-News: Hypoport SE: volume of mortgage finance increases slightly in the first quarter of 2023 compared with the extremely weak fourth quarter of 2022

Retrieved on: 
Wednesday, April 19, 2023

This was due to the exceptional situation that arose in the mortgage finance market from summer 2022.

Key Points: 
  • This was due to the exceptional situation that arose in the mortgage finance market from summer 2022.
  • Compared with the fourth quarter of 2022, the transaction volume in the building finance product group fell by 16 per cent to €2.1 billion in the first quarter of 2023.
  • On FINMAS, the sub-marketplace for institutions in the savings banks sector, the volume of transactions rose by 17 per cent to €1.7 billion compared with the fourth quarter of 2022.
  • This assumption has now been borne out by the modest increase in the volume in the first quarter of 2023 compared with the fourth quarter of 2022.