Federal Mortgage Insurer to Lay Off About Half Its Workforce February 19, 2025 By Courtney Rozen The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides...
Climate Risks Again Top List of Risk Manager Worries February 7, 2025 By Don Jergler Climate risks, disruptive technology and geopolitical instability are what worry risk managers most, according to a joint survey from the...
Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis September 18, 2024 By Promit Mukherjee Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make...
Skyward Specialty Enters the Mortgage (Re)insurance Market August 13, 2024 Skyward Specialty Insurance Group announced its entry into the mortgage (re)insurance market. In support of this new venture, Jean-Philippe “JP”...
Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks July 12, 2023 Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold...
La. Nursing Home Owner Faces New Lawsuit in Ida Storm Evacuation January 17, 2023 NEW ORLEANS (AP) _ A nursing home owner who faces criminal and civil complaints over evacuating residents to a squalid...
Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns April 22, 2022 By Nichola Saminather A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial...
Genworth Targets $3B Valuation in Mortgage Insurance Unit’s IPO September 14, 2021 By Sohini Podder Genworth Financial Inc. on Monday revived plans for an initial public offering (IPO) of Enact Holdings, aiming for a valuation...
People Moves: Aon’s Wakefield to Gallagher Re as CEO, Succeeding Behagg; Arch’s Rippert as Head of Mortgage at Aspen; Desmond Promoted at Marsh UK & Ireland June 7, 2021 This wrap-up of international People Moves details appointments at broker Gallagher Re, Aspen Insurance Holdings’ mortgage team and Marsh’s UK...
Canada’s Brookfield Business Partners to Buy Remainder of Insurer Genworth for $1.2B October 26, 2020 Genworth MI Canada said on Monday real estate service provider Brookfield Business Partners will buy the remaining 43% stake it...