Capital like Cortina could be more disciplined: Evercore

Analysts from Evercore said investors like Blackstone more directly accessing the market may prove more disciplined than those that backed previous reinsurance start-ups ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Web version |  Update preferences |  Forward Capital like Cortina could be more disciplined: Evercore Capital like Cortina could be more disciplined: Evercore A new report from Evercore ISI has outlined that the recently announced Aon and Blackstone reinsurance facility at Lloyd’s, Cortina, offers another alternative for third-party capital to be deployed into the reinsurance market without having to endure some of the exit risk mechanics. As investors increasingly show a preference for efficient ways to enter reinsurance at scale, Evercore's analysts note that capital such as that from Blackstone backing the Cortina syndicate may prove to be more disciplined than that backing previous waves of reinsurance start-up companies. Read the full story. Other articles: Cat bond market breadth expands, issuance concentrates in 1% to 3% EL range: Euler ILS Partners.   Our ability to invest consistently (in ILS) is a huge advantage: Quantedge CEO.   Hyperscale capacity hype – Defining the ILS role in data centre risk: Artemis London 2026 video. Please share this with colleagues and friends if you think they would like to receive it. If you've been forwarded this but want to subscribe, visit Artemis.   You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe  or Edit your subscription here . © Steve Evans Ltd. - Artemis.bm

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Webinar   Hybrid SAST in Practice: Blending Deterministic Scanning with AI   Hybrid SAST keeps your deterministic coverage intact and adds AI detection for the vulnerabilities it was never built to catch.   Register Now     Deterministic scanning does its job well. It catches known vulnerability types, maps findings to CWEs, and produces the compliance reporting your program depends on. However, the vulnerabilities that get you breached don't always match a pattern. IDORs, authentication bypasses, broken access controls. These live in the way code behaves, not in a signature a scanner can match. Closing them used to mean custom rules, endless tuning, or accepting the gap. Hybrid SAST changes that. AI-powered analysis from DryRun examines code contextually to surface logic flaws deterministic scanners miss. It layers on top of what you already have. One contract. Broader codebase visibility. Less operational overhead. Join us on 11/19 at 11am ET as James Wickett, CEO of DryRun, joins Veracode for a live webinar where he will walk through how customers are using this combined approach. Get a break down of: How AI surfaces business logic flaws, IDORs, and authentication bypasses that deterministic scanners were never built to catch Why proven CWE coverage and compliance-ready reporting stay intact with hybrid SAST How findings land in pull requests through GitHub or GitLab so developers fix issues before merge What simpler program management looks like with one contract and broader codebase visibility     Register Now       36 Queen Street London, EC4R 1BN United Kingdom     emea@veracode.com      +44 (0)20 3761 5501 © 2026 Veracode Inc. All rights reserved. Unsubscribe  |  Manage preference

The Daily 3: AARP says fixing Social Security’s shrinking payroll tax base could extend full benefits to 2059—and Medicare physician payments are set to drop 2.3% in 2027

Catch up in minutes with your daily briefing on the Social Security, Medicare & Retirement news that affects you most.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

November 12, 2026   |   Read online Thursday Briefing: AARP says fixing Social Security’s shrinking payroll tax base could extend full benefits to 2059; Medicare physician payments cut 2.3% in 2027; part-time work before full retirement age and the $1-for-$2 withholding; and more Catch up in minutes with your daily briefing on the Social Security, Medicare & Retirement news that affects you most. What to Know for Thursday, November 12th, 2026: 1: AARP research says Social Security’s payroll tax base has shrunk relative to the economy, and fixing that could extend full benefits to 2059 (Image Credit: Getty Images) Payroll taxes have not kept pace with the economy: Taxable payroll has fallen from 41% of GDP in 1983 to 34% in 2025, according to an AARP Public Policy Institute report. AARP attributes the decline to a shift from wages to business and investment income, which generally isn’t subject to payroll tax. Had payroll taxes kept pace with GDP, the program could pay full benefits until 2059, 25 years beyond the latest projected combined depletion date of 2034. The trustees’ projections still show a shortfall that Congress has not fixed: The trustees project the retirement trust fund will run short in late 2032, when 78% of benefits would be payable. The combined retirement and disability funds could be depleted in the third quarter of 2034, when 83% of scheduled benefits would be payable. AARP based its analysis on the 2034 date because Congress has moved money between the funds in the past. Options include taxing high earners and investment income, and any cap change would not affect most workers: AARP says removing the payroll tax cap would close 67% of the 75-year gap if workers received no benefit increase in return. Taxing investment income for some S corporation officers and limited partners would close about 25% of the gap. Just 6% of workers earned at or above the 2024 cap, and the 2027 limit rises to $192,300. AARP says it opposes cutting monthly benefits. ➜ Read the full article from CNBC here. 2: Medicare will cut physician payments by 2.3% in 2027, but you don’t need to worry about your doctors suddenly leaving (Image Credit: Getty Images) Medicare will trim the baseline rate for doctors by 2.3% in 2027: CMS finalized the cut in its 2027 physician fee schedule. When an office visit and a minor procedure happen on the same day, Medicare will pay 20% less for the lower-cost service. The most expensive service will be paid at 100%, and other same-day procedures at 80%. Medicare physician payments have already fallen 33% since 2001 when adjusted for inflation, according to the American Medical Association. Doctors are unlikely to stop taking Medicare right away: Most doctors participate in Medicare, and opt-out rates are higher only in some specialties, such as psychiatry and plastic surgery. The Center for Medicare Advocacy says the change is unlikely to affect access to physicians much. Still, the American Academy of Family Physicians warns that cuts to primary care could make practices close and cause longer waits. Your doctor’s Medicare participation could change, so ask before your next visit: Doctors are not required to take Medicare, and the payment squeeze could lead some to limit the number of Medicare patients they accept. Ask your doctor whether they accept new Medicare patients, and note that Medicare Advantage networks can also change. Tricare and many private insurers base their payments on Medicare’s fee schedule, so the cut may affect other programs too. Need free help getting on the best Medicare plan? Our partner Chapter Medicare says its advisors can compare 24,000+ plans for free and help you find one that could save you up to $1,200 a year. Call (539) 205-2147 or visit askchapter.org/insider. ➜ Read the full article from Yahoo Finance here.   Free Medicare Help with Chapter 90% of American seniors are on the wrong Medicare plan. Thankfully, Chapter is here to help! They can help you switch to the right plan and save $$$. Chapter saves the average senior $1,100 per year! Plus, it is 100% risk-free! Give them a call to find out how much you could save: 539-205-2147. askchapter.org/insider 3: Working part-time before full retirement age can trigger a $1-for-$2 benefit withholding, but the withheld money comes back later (Image Credit: Getty Images) Earnings above $24,480 in 2026 trigger the earnings test: If you claim Social Security before full retirement age (67 for anyone born in 1960 or later) and earn more than $24,480 in 2026, Social Security withholds $1 of benefits for every $2 you earn above that limit. A high-paying part-time job could cause you to lose your entire monthly check. Withheld benefits are not lost permanently: Once you reach full retirement age, Social Security recalculates your benefit to credit back the months withheld. Claiming early still permanently reduces your monthly check, though, so the withholding and early-claiming penalties can stack. Waiting until full retirement age avoids both penalties: Claiming at full retirement age means you face no permanent reduction and no earnings test, no matter how much you earn. If you plan to work part-time, consider covering your expenses with part-time pay and savings until then, since the earnings test does not apply after that age. ➜ Read the full article from Yahoo Finance here. Here’s What You Missed on YouTube: Check out our new YouTube videos for Thursday, November 12th. Social Security Is Changing Claiming at 62, 67 and 70 — Here's What Changes for Millions Social Security Is Changing Claiming at 62, 67 and 70 — Here's What Changes for Millions Visit our YouTube Channel This newsletter is for information only. Always confirm your options directly with Social Security, Medicare, Medicaid, or a qualified advisor before making big decisions about your benefits. *View our Advertising Disclosure   Update your email preferences or unsubscribe here © 2026 Benefits Insider 228 Park Ave S, #29976, New York, New York 10003, United States