Investments
Credit Suisse ILS’ reinsurers Kelvin Re & Humboldt Re to stop writing
The two Guernsey domiciled, rated reinsurance carriers managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team, Kelvin Re and Humboldt Re, are not renewing any business this January and will stop writing. We understand that the decision was taken at a Board meeting recently and staff at the reinsurance…
Read MoreEnbridge Inc Scored 75 On ESG Evaluation; Preparedness Strong
NEW YORK (S&P Global Ratings) Dec. 7, 2020– S&P Global Ratings said today that Enbridge Inc (NYSE:ENB) scored 75 on its ESG Evaluation. On our scale, 100 indicates the lowest risk and 0 the highest. The company’s ESG Evaluation score is the result of an ESG profile of 69 combined with strong preparedness. Q3 2020 […]
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Read MoreHow to Model Healthy Financial Habits to Your Children
How to Model Healthy Financial Behaviors to Your Children is adapted from Pass It On. As a teenager, I worked full-time for my grandfather during the summers, and I got to know one of his regular clients, Bob. Bob was a company executive and lived in an enormous, beautifully crafted home. When he and his […]
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Read MoreYou Can Now Buy Bitcoin On PayPal For $1
Can you name America’s fastest-growing “bank”? It’s not Goldman Sachs or Morgan Stanley. It’s not Bank of America either, which has barely grown in 10 years. Even financial heavyweight JPMorgan doesn’t wear this crown. Q3 2020 hedge fund letters, conferences and more “New money” disruptor PayPal (PYPL) is growing faster than any regular bank, and […]
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Read MoreLess Than 2 In 10 Recruiters Are Prepared For The Deployment Of AI In Hiring
Artificial intelligence (AI) has numerous applications in today’s world – from website chatbots to healthcare and supply chain management, it is revolutionising the way that we work in numerous industries. But with AI being used increasingly in HR and recruitment, what do the professionals think about the technology? Q3 2020 hedge fund letters, conferences and […]
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Read MoreNew PFIC regs active conduct test excludes ILS funds & structures
A new set of guidance on the treatment of passive foreign investment companies (PFICs) published at the end of last week by the U.S. Internal Revenue Service and Department of the Treasury has been modified so that the active conduct test excludes insurance-linked securities (ILS) funds, as well as other ILS and reinsurance securitization structures.…
Read MoreDC to give one-time $1200 coronavirus stimulus checks to eligible residents
It is now almost certain that the next stimulus package will not include stimulus checks. This, however, does not mean that no one will get a second stimulus check. We have already seen many state governments announcing a separate package, including checks. Now, Washington, DC has announced $1,200 coronavirus stimulus checks for some residents. Q3 […]
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Read MoreReinsurance capital raises could reach $22bn in 2020: Willis Re
Improved reinsurance market pricing is attracting significant sums of capital, with the latest estimate from broker Willis Re being that $19 billion has already been raised since the COVID-19 pandemic broke out and another $3 billion of capital raises are underway. This dwarfs the much discussed great reload of the insurance-linked securities (ILS) market at…
Read MoreReinsurance broker Beach rebranded to Acrisure Re
Having been acquired by retail insurance agency network Acrisure LLC in 2018, Beach & Associates, the specialist insurance and reinsurance broker, has now been rebranded as Acrisure Re and Acrisure London Wholesale. In this alignment with the brand of its parent Acrisure, Acrisure Re and Acrisure London Wholesale are being positioned to capitalise on value…
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