Canadian Insurer Sagen Plans to Raise Around C$300 Million September 15, 2026 By Chunzi Xu Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as...
Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather June 10, 2025 By Frances Schwartzkopff For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate...
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...