Descartes hires Daniel Vetter from Swiss Re CorSo to lead US expansion

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has made a key hire in Daniel Vetter who will lead the firms expansion in North America. Descartes announced an $18.5 million Series A funding round from leading global venture capital firms Serena, Cathay Innovation…

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Property cat renewal rates: Euro up to 5%, US up to 15%, Retro 15-20% (agg 35%+)

After meeting virtually with Bermuda-based reinsurance companies and brokers, analysts at KBW said that they expect the renewal outcome to be generally positive, with satisfactory rate increases expected, but nothing spectacular. The analysts provided some insights into where Bermuda based reinsurance carriers and their brokers expect to see property catastrophe rates rise and by how…

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QBE says catastrophes eat “well into” aggregate reinsurance program

QBE, the Australian headquartered global insurance and reinsurance group, said it expects to fall to a roughly $780m after tax loss for the fiscal-year 2020 and that its catastrophe costs have eaten “well into” its aggregate reinsurance program. QBE said that it expects its full-year results to be hit by around $470m of COVID-19 costs,…

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New Evidence of Uyghur Forced Labor in China’s Cotton Industry

Uyghur Forced Labor

New Evidence of Uyghur Forced Labor in China‘s Cotton Industry “We call on all companies to boycott China and stop being complicit in slavery.” – Prime Minister Salih Hudayar Q3 2020 hedge fund letters, conferences and more Forced Labor Of Uyghurs And Other Turkic Peoples WASHINGTON: December 17, 2020 – Documents obtained by the BBC show that China […]

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2020: The Year Bitcoin Came of Age

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There will be no shortage of comment during the rest of this month concerning the extent to which the Covid-19 pandemic impacted how we lived and worked in 2020. Q3 2020 hedge fund letters, conferences and more Exponential Growth Of Bitcoin In 2020 But the transformation of the cryptocurrency market in 2020 should not be […]

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Normalcy Will Only Return Under a Trump Administration

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Dan Celia: Normalcy Will Only Return Under a Trump Administration Q3 2020 hedge fund letters, conferences and more PHILADELPHIA – Nationally syndicated host and biblical investing authority Dan Celia encourages listeners to pray for the integrity of elections, for the nation and for its leaders. “The markets all ended in positive territory on Tuesday, everything up over […]

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Robinhood Settles SEC Charges Of Misleading Customers

Vlad Tenev robinhood sec

The Securities and Exchange Commission (SEC) charged trading app Robinhood with misleading users about how it makes money and not delivering on its promise of offering the best trade execution. Robinhood has now settled those SEC charges without admitting to or denying the agency’s claims. Q3 2020 hedge fund letters, conferences and more Robinhood settles […]

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