The unexpected could drive Covid industry loss higher: Johansmeyer, ILS NYC 2021

Widespread uncertainty remains around much of the ultimate industry loss from the ongoing Covid-19 pandemic, but if the numbers reach as high as some of the early estimates, it’s likely to be for unexpected reasons, says Tom Johansmeyer, Head of PCS. So far, publicly reported pandemic-related losses, IBNR reserves and estimates from insurance and reinsurance…

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Brit’s third-party capital investors take fewer losses, more income in 2020

Third-party investors participating in the underwriting of specialty insurance and reinsurance player Brit Ltd. have shared in fewer losses and taken a greater share of income through these activities in 2020, than in the prior year. Brit reported its results this morning and the use of third-party reinsurance capital from investors and insurance-linked securities (ILS)…

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Imports of Cattle and Beef Hit Historical High in 2020

cattle industry

The U.S. Department of Agriculture’s (USDA’s) recently released cattle and beef trade data for December provide the whole meat trade picture for the 2020 calendar year. According to R-CALF USA, the volume of imported beef, cattle, beef variety meat and processed beef hit an all-time high of nearly 2 million metric tons, or about 4.4 […]

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Bank of America Announces Net-Zero Financing Goal

greenhouse gas emissions bank lobbyist act

BERKELEY, CA—FEB. 11, 2021—Today, Bank of America announced its commitment to achieving net-zero greenhouse gas emissions from its financing activities by 2050, following an earlier announcement to measure and disclose its financed emissions through the Partnership for Carbon Accounting Financials (PCAF). Bank of America joins Morgan Stanley and JPMorgan Chase as the largest U.S. banks […]

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Tilray stock, other pot stocks tumble after massive gain

tilray stock

Tilray stock started plunging after the markets opened this morning, reversing a massive rally that began earlier this week and continued in the premarket hours this morning. Users of the Reddit forum WallStreetBets turned their attention to Tilray and other pot stocks this week after abandoning GameStop and several different stocks. Tilray, other pot stocks soar Tilray […]

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Dividend Aristocrats In Focus: McDonald’s Corporation

Updated on February 11th, 2021 by Bob Ciura Every year, we review each of the 65 Dividend Aristocrats, the group of companies in the S&P 500 Index, with 25+ consecutive years of dividend increases. We believe the Dividend Aristocrats are among the best stocks to buy and hold for the long run. Broadly speaking, to…

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Credit Suisse launches UCITS cat bond fund, with Gawron & Brogli hires

Credit Suisse’s Insurance Linked Strategies team has its first UCITS catastrophe bond fund offering, after hiring the team that ran the Lombard Odier cat bond strategy and merging its fund into a new Credit Suisse fund product. The arrangement sees the UCITS catastrophe bond fund that had been launched by Lombard Odier Investment Managers (LOIM),…

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