Investments
Investors bet on more stimulus from the Biden administration
Commenting on investors betting on more fiscal stimulus from the Biden administration and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Indices Hit New Highs As Investors Bet On More Stimulus From The Biden Administration The major indices are all trading in the green at midday following […]
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Read MoreHackers Stole Over $2.7 Billion In The Last Decade
Hackers stole over $2.7 billion in the last decade, new research of the biggest financial hacks revealed all Q3 2020 hedge fund letters, conferences and more In the increasingly digital world we live in, the biggest heists are now taking place online. Hackers have had their eyes set on over $3.4 Billion from financial institutions […]
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Read MoreNYSE reverses course again to delist Chinese telecom firms
The New York Stock Exchange (NYSE) has reversed course again on three Chinese telecom giants. The exchange announced it would delist China Mobile, China Unicom and China Telecom after a recent executive order, but then it reversed that decision. Now the NYSE has changed its decision yet again and decided to delist the three Chinese […]
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Read MoreFEMA explains structure of $1.153bn 2021 flood reinsurance renewal
The U.S. Federal Emergency Management Agency (FEMA) has explained the structure of its $1.153 billion National Flood Insurance Program’s (NFIP) traditional reinsurance renewal for 2021. As we were first to report yesterday, FEMA renewed the NFIP’s traditional reinsurance program at the January 2021 renewals, opting for a downsized $1.153 billion of coverage, but securing it…
Read MoreCatastrophe exposed property rates surge again in Q4 – MarketScout
Catastrophe exposed property insurance rates surged higher through the fourth-quarter of 2020, with hurricane exposed property in Florida and wildfire exposed property in California seen to experience some of the steepest increases. This is according to the latest analysis from MarketScout, who reviews movements in the personal and commercial property insurance markets on a quarterly…
Read MoreReinsurance rate rises may be “more pronounced” at April, June & July renewals
With reinsurance rates and pricing having increased at the key January 2021 reinsurance renewals, there is now an expectation that future renewals this year should follow-suit, with some saying rate rises may be even “more pronounced.” As we’ve already reported this week, broker Howden said that property catastrophe reinsurance rates were up by around 6%,…
Read MoreHudson Structured backed SPAC Kairos prices 20% upsized IPO
Kairos Acquisition Corp., the new insurance, reinsurance and insurtech focused Special Purpose Acquisition Company (SPAC), or blank check company, that Hudson Structured Capital Management Ltd. is behind, has increased the size of its initial public offering by 20% to raise $240 million. We covered the news in December, that Hudson Structured Capital Management, the Michael…
Read MoreProperty reinsurance renews at “lower end of expected increases ” – GC
At the January 2021 reinsurance renewals, property rate increases were seen to be at the lower end of expectations, while property retrocession rates also didn’t firm as much as anticipated, broker Guy Carpenter has confirmed. Despite the push for broad reinsurance market hardening at the renewals, as we’d been explaining in our coverage as the…
Read MoreIAG renews $10bn cat reinsurance tower, cites “modest” rate increase
Australian primary insurance group IAG has successfully renewed its catastrophe reinsurance tower to provide it with the same $10 billion level of occurrence coverage as it had for the prior year, citing only “modest” increases in rates at the renewals. IAG enters the new calendar year with a $10 billion main catastrophe reinsurance cover, placed…
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