Turkiye: Insurance industry to adopt inflation accounting wef 1 Jan 2025

Published on March 1, 2024
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has stipulated that insurance, reinsurance and pension are to commence the implementation of inflation accounting on 1
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FG Financial & FG Group Holdings complete merger to form Fundamental Global

March 1, 2024
FG Financial Group, Inc. (FG Financial) and FG Group Holdings Inc. (FG Group Holdings) have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial.Following completion of the merger, FG Financial has now changed its name to Fundamental Global Inc. (Fundamental Global).

Record-breaking Texas fire to drive losses in hundreds of millions USD

March 1, 2024
According to Aon, the Smokehouse Creek Fire in Texas has already burned more than a million acres, becoming one of the largest fires in recorded state history and potentially contributing to total aggregate losses in the hundreds of millions USD.Aon’s weekly cat report explained that hot and windy conditions have accelerated wildfire growth in the southern United States since February 26, leading