ERS launches ILS division, with Strong, Reynolds & Kriesch hires

A new dedicated insurance-linked securities (ILS) management division has been launched by specialist motor-focused insurer ERS, with former Securis executive Neil Strong taking the lead role as CEO ILS. ERS has a long history in the motor insurance space but has been branching out into specialty lines and also reinsurance, with one of the most…

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Bushfire on outskirts of Perth, Australia destroys 71 homes

A bushfire spreading on the outskirts of Perth, Western Australia has now destroyed 71 homes and more property damage is anticipated as the fire continues to expand and threaten communities in the area. The Wooroloo bushfire started on February 1st 2021 and was battled by more than 500 fire fighters. Despite these attempts, the bushfire…

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Nephila AuM returns to growth as ILS profits rise for Markel in Q4

The operations of the largest dedicated insurance-linked securities (ILS) fund manager, Nephila Capital, delivered higher revenues to parent Markel Corporation in 2020, thanks to expansion and growth of its managing general agent (MGA) platform and a return to growth in assets under management (AuM), which hit $9.6 billion. In reporting its fourth-quarter and full-year 2020…

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Argo pegs Q4 catastrophe and COVID losses at $51m

Argo Group, the Bermuda headquartered international specialty insurance and reinsurance firm, has said that it expects to report $51 million of fourth-quarter catastrophe and COVID-19 pandemic losses, all net of any reinsurance recoveries made. Argo pre-announced that its fourth-quarter 2020 results will be impacted by a number of natural catastrophes. Natural catastrophes and weather related…

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Be Your Own Best Advisor: Learn These 6 Fundamentals For Wealth Management

Wealth Management Fundamentals Merchant cash advances expected future cash flows

There is no shortage of information someone can find on the internet, and that’s part of the problem for people trying to make the right investment decisions. Q4 2020 hedge fund letters, conferences and more A Solution The Information-Overload Issue “There is an overabundance of information, so much that it can make your head spin,” […]

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How Much Profit Are Companies Earning Per Second?

Profit Per Second

In the 5 seconds since you’ve opened this post Apple has made $8,800 profit, Microsoft $6,200 profit, and Google $5,400. Q4 2020 hedge fund letters, conferences and more New research conducted by Tipalti reveals just how much profit the world’s biggest companies are earning per SECOND, with the most profitable company Apple making $1,752 a […]

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Nearly 1/3 Of Professionals Are Worried About Layoffs In 2021

Owe Productivity Productivity Crash work hours in a year

Early in the COVID-19 pandemic, some executives took layoffs off the table for 2020 to give employees some added security during a troubling time, but the workforce won’t get the same assurance for 2021. Q4 2020 hedge fund letters, conferences and more On Blind, the largest anonymous professional network, we asked our 4.1 million users: […]

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The worst short squeeze in 25 years is battering hedge funds

hedge funds short squeeze

Redditors who read the WallStreetBets forum have crushed hedge funds with the worst short squeeze in 25 years, according to Goldman Sachs. According to CNN, the firm said the most heavily shorted stocks have almost doubled in the past three months, triggering a massive short squeeze that has rocked hedge funds. [soros] Q4 2020 hedge […]

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