Grass Fire Near Austin, Texas Destroys Building, Displacing Hundreds of Residents

Published on August 11, 2023
CEDAR PARK, Texas (AP) – A grass fire near Austin, Texas, spread into trees near an apartment complex and condominiums, destroying one of the buildings
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ALIRT finds $1.3bn+ China Construction Bank LOCs in hunt for Vesttoo exposure

August 11, 2023
In analysing US insurer filings for their use of letters of credit (LOCs) specifically from one of the banks at the centre of the Vesttoo linked collateral fraud story, ALIRT Insurance Research found more than $1.3 billion of them, but said it is hard to tell how much of that is associated with Vesttoo, or potentially fraudulent.The search for China Construction Bank (CCB) letters of credit (LOCs)

Mutual Re to expand ownership group as RenRe withdraws relationship

August 11, 2023
Mutual Re, a reinsurance firm based near Chicago has announced that it is currently considering adding a risk-assuming investor to its ownership group, following RenaissanceRe, one of the firm’s five owners recently deciding to tender its notice to withdraw from the relationship effective January 1, 2025.In a statement released by Mutual Re it says that both companies are proud of their prior rela