Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’

Published on February 20, 2026

The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before. John Seo, managing director and co-founder of Connecticut-based Fermat — a hedge fund manager …

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New York Governor Hochul Pulls Robotaxi Expansion Proposal

February 20, 2026
New York Governor Kathy Hochul has pulled her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. “Based on conversations with stakeholders, including in the legislature, it was clear …

Ski Trip Hit by Avalanche Was Led by Outfit Offering Mountain Adventures Globally

February 20, 2026
The group of 15 backcountry skiers headed out on a three-day trek organized by Blackbird Mountain Guides into pristine wilderness near Frog Lake in California’s Sierra Nevada as a powerful winter storm moved into the state. The skiers made their …