Delos and ROAR Partner to Deliver Comprehensive Disaster Risk Exposure Strategy
Delos Insurance Solutions and ROAR Partners have formed a strategic collaboration to deliver a full‑stack disaster risk exposure strategy for wildfire‑prone regions, beginning with California. The partnership targets low‑development‑risk zones, builds multi‑stakeholder alliances, and offers integrated investment, financial, and insurance solutions. By addressing the $110 billion protection gap exposed by the 2025 Los Angeles fires, the initiative aims to restore property values, protect tax bases, and stabilize the insurance market. The collaboration also plans to leverage state incentives to subsidize retrofits.
Ironshield Capital Management’s David Nazar
Ironshield Capital Management, led by founder David Nazar, has operated its flagship sub‑investment‑grade credit strategy since 2007, delivering equity‑like returns with markedly lower volatility than the Stoxx 600. The strategy generated a 1.48× multiple over the past two years and targets...
Cleary Gottlieb Discusses Delaware Chancery’s Refusal to Dismiss Aiding, Abetting in De-SPAC Transaction
The Delaware Court of Chancery refused to dismiss a claim that Jefferies, the financial advisor to Forum III, aided and abetted fiduciary breaches in a de‑SPAC merger. The court applied the Dole factors, inferring that Jefferies knowingly participated by preparing...
Plumbing Notes: Nothing Ever Happens
Money‑market volatility has markedly subsided, pushing overnight repo rates to near‑record lows and stabilising the SOFR‑FF basis. Higher inter‑bank volumes are keeping the basis narrow while swap spreads have widened, signalling easier funding conditions. The Federal Reserve’s aggressive volatility suppression...
HighRadius Bets on Results, Not Licenses
HighRadius announced an Outcome Based Pricing (OBP) model for its Office of the CFO platform, eliminating implementation and subscription fees until the solution is live and then charging a share of verified financial gains. The approach stems from a 24‑month...
Nikhil Kamath-Backed KNAV Acquires UAE Firm: Insider Scoop on Buying Accounting Firms
KNAV, backed by Nikhil Kamath, has acquired a majority stake in UAE‑based Affiniax, adding 65 local professionals to its global team of over 500. The move capitalises on the UAE’s new corporate tax regime, which has turned audit, tax and...
Fast Growth, Controlled Debt, Still Paying You to Wait
T‑Mobile delivered an 8% jump in 2025 service revenue to $71.3 billion, while core adjusted EBITDA rose 7% to $33.9 billion and free cash flow hit $18.0 billion. The carrier added 3.3 million post‑paid phones and 7.8 million total post‑paid lines, keeping churn under 1%...
Moody’s Signals Rethink Of CRE Risk Exposure As Off-Book AI Data Center Leases Top $662B
Moody’s latest ratings report reveals that the five largest U.S. hyperscalers have amassed $662 billion in future AI data‑center lease commitments that remain off their balance sheets under current GAAP. These leases, slated to commence between 2025 and 2031, represent 113 %...
From the Microsoft Dynamics 365 Business Central Blogs: Purchase Return Order Setup; Download Symbols From NuGet Source; D365BC 28.0 Release;...
Microsoft Dynamics 365 Business Central’s latest blog roundup highlights four key areas: configuring purchase return orders to handle damaged or incorrect shipments, retrieving AL symbols from Microsoft’s public NuGet feed, preparing for the upcoming 28.0 release, and leveraging the platform’s...
Port of Auckland Posts Strong First Half Results for FY26
Port of Auckland reported a strong first‑half FY26 performance, posting NZD 204.3 million in revenue, a 4.5% increase year‑on‑year. Underlying net profit after tax rose 28.1% to NZD 53.8 million, prompting an interim NZD 26 million dividend to Auckland Council. Volume growth drove results, with...
“K” LINE Signs Natural Capital-Focused Commitment Line Agreement
K LINE has entered a 10 billion JPY, five‑year commitment line under Mizuho’s Natural Capital Impact Finance scheme, marking the maritime industry’s first use of this nature‑focused financing framework. The agreement leverages Mizuho Research & Technologies’ assessment methodology, which aligns with the Taskforce...
Interpreting the Shrinking Term Spread
The 10‑year versus 3‑month Treasury spread has been compressing sharply, as high‑frequency data show a pronounced narrowing. Analysts note that the traditional term premium calculation omits heightened default risk, which is evident in rising U.S. Treasury CDS spreads. When inflation...
Alternative Life Capital in the UK - a Distant Dream?
The Prudential Regulation Authority (PRA) has floated proposals to widen the pool of capital available to UK life insurers, encouraging the sector to tap alternative sources such as pension funds, sovereign wealth and private‑equity investors. Insurers welcomed the idea, seeing...
Architecting for the IPO: Lessons From the Slack and Eventbrite Lead-to-Cash Transformations
The article examines how Slack and Eventbrite re‑engineered their Lead‑to‑Cash (L2C) pipelines to meet the rigorous demands of an IPO. It introduces the concept of Enterprise Architecture Debt (EAD) and shows how the shift from growth‑centric to governance‑centric systems was...
Accelerant Expects Revenue to Rise 51% for FY’25
Accelerant Holdings announced a preliminary FY 2025 revenue forecast of $913 million, representing a 51% year‑over‑year increase. The company expects Q4 2025 revenue of $248 million, up 30% from the same quarter last year. Total exchange written premiums are projected at $4.19 billion, a 35%...
Spend as a Signal for Future Readiness
Spend data, traditionally a lagging metric, is being re‑engineered as a forward‑looking signal thanks to AI advancements. Zip’s recent survey of over 1,000 spend management professionals reveals heightened focus on analytics, AI skill demand, and a rapidly diversifying procurement technology...
Aon Advises on Pension Risk Settlement for Mouchel Business Services Scheme
Aon acted as lead adviser on a risk‑settlement transaction for the Mouchel Business Services Money Purchase scheme, protecting the retirement benefits of its 220 members. The scheme combined a defined contribution plan with a defined benefit underpin, creating insurance‑coverage challenges...
Why Systematic and Global Macro Are Back at the Center of Institutional Portfolios:
Institutional investors are rebalancing portfolios toward quantitative and global macro hedge‑fund strategies as volatility, rate uncertainty, and geopolitical shocks return. The shift reflects a deeper focus on true diversification, liquidity, and defensive alpha rather than pure yield hunting. Modern quant...
Illumination Acquisition Corp. I (ILLUU) Prices $200M IPO
Illumination Acquisition Corp. I announced the pricing of its $200 million initial public offering, with units slated to begin trading on Nasdaq under the ticker ILLUU on February 27, 2026. The SPAC, led by CEO John Lipman, Chairman David I. Rosenberg and Steve Kaplan, will seek...
PBOC Cuts FX Risk Reserve Ratio to 0%, Slowing Yuan Appreciation
China's PBOC will cut the foreign‑exchange risk reserve ratio for forward FX sales from 20% to 0% starting March 2, 2026. The move aims to ease hedging costs, curb excessive yuan appreciation, and signal a shift from emergency policy tools....
Can We Use AI for ICFR and SOX?
AI can be leveraged to automate and enhance internal controls over financial reporting (ICFR) and SOX compliance, especially through agentic AI that creates documentation, scans evidence, and tests controls. However, compliance officers must ensure that AI testing validates control design,...
ProcessUnity Research Finds Third-Party Risk Management Confidence Outpaces Breach Reality
ProcessUnity’s State of Third‑Party Risk Assessments 2026, conducted with the Ponemon Institute, surveyed 1,465 risk leaders and found a stark disconnect between confidence in TPRM programs and actual breach outcomes. Respondents report an average of 12 third‑party breaches per year...
Reimagining KYC
Capgemini released a whitepaper outlining perpetual KYC, a shift from periodic, manual reviews to near‑real‑time, event‑driven monitoring. Early adopters report 20‑40% fewer false positives, 40‑60% faster onboarding, and 50‑70% reduction in case backlogs. The proposed pKYC triad blends data modernization,...
Full Review Must Return Air New Zealand to Profitability
Air New Zealand announced a comprehensive strategy review aimed at restoring profitability after posting a $40 million net loss for the first half of FY26. The carrier is grappling with recurring engine reliability problems that have grounded aircraft, while domestic demand...
Remarks by Commissioner Peirce on Private Secondaries in Capital Markets
Commissioner Hester Peirce highlighted the rapid expansion of private secondary markets, which grew from $162 billion in 2024 to $240 billion in 2025. She warned that this liquidity surge may lessen companies’ incentives to pursue initial public offerings, potentially reshaping capital formation...
Munich Re’s Net Result Exceeds Target in 2025 at over €6.1bn
Munich Re posted a €6.121 billion net result for 2025, surpassing its €6.0 billion target and marking the fifth consecutive year of outperformance. The reinsurance arm contributed €5.204 billion, buoyed by strong property‑and‑casualty and life‑and‑health segments, while group insurance revenue held steady at...
Premier Issues Another 303 Million Shares to JR Goddard as Dilution Spiral Deepens
Premier African Minerals has issued an additional 303.8 million ordinary shares to J.R. Goddard Contracting, settling US$77,765 of fees. The issuance brings the company's total issued share capital to roughly 14.21 billion shares, up from 9.35 billion six months earlier, representing about 5.73 billion new...
Evergreen Alternative Funds Surge to $493 Billion:
Evergreen alternative funds have surged to roughly $493 billion, marking a pivotal shift in asset management. By offering continuous capital deployment and periodic liquidity, they eliminate the timing constraints of traditional closed‑end structures. Wealth managers and high‑net‑worth investors gain public‑market convenience...
A Framework for How ERM Should Talk With Company Leaders
Veteran ERM practitioner Karthick Dalawai explains that effective enterprise risk management hinges on how practitioners converse with business leaders, not merely on process compliance. He advocates a value‑based ERM model that emphasizes value creation, uses a balanced scorecard, and reframes...
TRG Latin America Acquisitions Corp. (TRGSU) Prices $200M IPO
TRG Latin America Acquisitions Corp. priced its $200 million initial public offering, with units slated to trade on Nasdaq under the ticker TRGSU on February 26, 2026. The SPAC, sponsored by CEO Nicolas Rohatyn and CFO Miguel Gutierrez, will seek a merger with...
APEX Tech Acquisition Inc. (TRAD.U) Prices $100M IPO
APEX Tech Acquisition Inc. priced a $100 million initial public offering and will begin trading on the NYSE under the symbol TRAD.U on February 26, 2026. The SPAC, led by CEO Shaoren Liu and a board that includes Zengwei Gao, Jiancheng Li and...
Fortress Value Acquisition Corp. V (FVAV) Prices $250M IPO
Fortress Value Acquisition Corp. V announced pricing of its $250 million initial public offering and will begin trading on Nasdaq under the ticker FVAV on February 26, 2026. The SPAC, led by Chairman Andrew A. McKnight and co‑CEOs Andrew Stroud and Micah Kaplan,...
Amazon Will Implement DD+7 Policy and Sellers’ Payment Recovery Time Will Be Extended
Amazon announced a global DD+7 payout rule effective March 5, 2026, with the German marketplace following on March 12. Under the new policy, seller funds are released seven days after delivery confirmation, extending the typical cash‑in cycle to eight or nine days. The...
Jumia’s Fiscal Year 25 Revenue Was US$190 Million, a Year-on-Year Increase of 13%
Jumia reported full‑year 2025 revenue of $188.9 million, up 13% year‑over‑year, while GMV reached $818.6 million, a 14% increase. The fourth quarter showed a 34% revenue jump to $61.4 million and a 36% rise in GMV, driven by a 26% surge in active...
AI: Mind the Rhetoric–Reality Gap
Bloomberg Intelligence surveyed 100 senior CIOs and CTOs at leading asset managers and found a stark gap between AI hype and actual spend. While AI dominates boardroom discussions, roughly 70% of firms allocate less than 10% of operating expenses to...
February Global Regulatory Brief: Risk, Capital, and Financial Stability
The February 2026 regulatory brief highlights four major initiatives: the RBI proposes a broader credit‑derivatives framework adding total‑return swaps and index products; MAS seeks tighter liquidity‑risk‑management rules for Singapore fund managers; the ECB releases 17 recommendations to simplify EU banking...
US$28,74m Write-Down as Sibanye-Stillwater Reassesses Mimosa’s Long-Term Economic Outlook
Sibanye‑Stillwater recorded a $28.74 million impairment on its Zimbabwean Mimosa platinum operation after revising long‑term economic assumptions. The new model assumes an eight‑year life‑of‑mine, higher working and capital costs, and incorporates a 10 % beneficiation tax, reducing projected cash inflows. Despite a...
Astera Labs: Fiscal 4Q25 and FY25 Financial Results
Astera Labs reported record FY2025 revenue of $852.5 million, a 115% year‑over‑year increase, and a Q4 revenue of $270.6 million, up 17% sequentially. GAAP operating margin reached 20.3% for the year, while non‑GAAP margin was 39.2%, reflecting strong profitability. The company began...
Remarks by Chair Atkins on Capital Formation and the INVEST Act
Chairman Paul Atkins highlighted the steep 40% drop in U.S. public companies and outlined a three‑pillar strategy to revive capital formation. He praised the bipartisan INVEST Act and the Empowering Main Street in America Act for introducing “test‑the‑waters” IPO pilots,...
SEC Adds Flexibility to M&A, Proxy, and Tender Offer Rules with New Interpretations
On January 23 2026 the SEC’s CorpFin issued new Compliance and Disclosure Interpretations that broaden flexibility for M&A, proxy and tender‑offer rules without formal rulemaking. The revisions permit lock‑up agreements without meeting traditional prospectus conditions, allow privately placed shares to be registered...
SEC Adds Flexibility to M&A, Proxy, and Tender Offer Rules with New Interpretations
On Jan. 23, the SEC’s CorpFin division issued new Compliance and Disclosure Interpretations that loosen proxy‑broker search timing, broaden lock‑up registration on Forms S‑4/F‑4, and add leeway for cross‑border tender offers. The staff also reversed its stance on voluntary Notices of...
Mondi Becomes Latest FTSE 100 Firm to Form Guernsey Captive
UK‑based packaging giant Mondi plc has established a single‑parent captive insurance company in Guernsey, completing the launch at the end of 2025. The move follows a growing trend among FTSE 100 companies to use offshore captives for risk retention and capital...