TWIA Makes a $4.3 Billion Hurricane Bet As Models Diverge and Tail Risk Mounts
When Texas rewrote the rules on how much hurricane risk its coastal insurer of last resort must fund against, it also quietly transferred the portion it stopped covering.
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Private Credit Spreads Are Widening. BlackRock Now Wants to Sell Insurers the Risk Model.
BlackRock's Aladdin platform is being positioned as the operating system for private credit, as the firm moves to sell insurers not just exposure to the asset class but the model to ride the risk curve.
