Mortgage ILS market demonstrated resiliency through COVID-19: Fitch

The mortgage insurance-linked securities (ILS) market has demonstrated its resiliency through the COVID-19 pandemic, as issuance came back to market despite the uncertainty created by a sharp increase in delinquencies, according to rating agency Fitch. Fitch explains that the elevated levels of delinquencies are partly due to the enactment of the Coronavirus, Aid, Relief and…

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Shree Viswanathan: The Investment Opportunities In Poland

Poland Opportunities

ValueWalk’s Raul Panganiban interviews Shree Viswanathan, founder and sole employee of SVN Capital. In this part, Shree discusses the opportunities he sees in Poland, when does he sell, lessons he learned during the period of lockdown, and his favourite books and hobbies. Transcript continues. Q3 2020 hedge fund letters, conferences and more Wow. And then […]

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Senators expect coronavirus stimulus bill this week, but without checks  

senators delays Coronavirus stimulus checks Schumer benefits counteroffer coronavirus stimulus checks deadline Coronavirus stimulus checks Meadows relief deal Coronavirus prospects coronavirus stimulus checks

Despite months of negotiations, lawmakers have been unable to come up with a stimulus package. Now, with just three weeks left until the end of the year, it seems we might finally see a package. A bipartisan group of Senators said Sunday that details about the next coronavirus stimulus package, which may not include checks, […]

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Midwest Holding uses Vermont captive Seneca Re to access capital markets

Use of third-party investor capital to support growth of insurance and reinsurance businesses is an expanding trend, as carriers find an increasing array of routes to channel capital markets funding to their underwriting vehicles, adjusting the traditional value chain as they go. An interesting one that has recently come to light is Midwest Holding Inc.,…

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Howden Capital Markets launches to bring investment capital to clients

Howden Capital Markets has been launched as a new, nimble capital solutions advisory unit under HX, the data and analytics division of insurance and reinsurance broking, underwriting and advisory group Howden Group Holdings. Howden Capital Markets will assist Howden clients in accessing all forms of capital to complement traditional insurance and reinsurance capacity. Sitting under…

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Reinsurance market hardening needs to continue for years: AM Best

While the outlook for the global reinsurance industry remains stable, rating agency A.M. Best warns that market hardening needs to continue for at least a couple of years in order to have a meaningful impact on the segments ability to sustainably make its cost-of-capital. The rating agency said this morning that it has maintained its…

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Brit upsizes first Sussex Capital UK catastrophe bond to $300m

Specialty insurance and reinsurance player Brit Ltd. is the latest to target an upsizing of its first catastrophe bond issuance, as the firms Sussex Capital UK PCC Limited (Series 2020-1) transaction now has an increased target size of $300 million. This is Brit’s first full 144a catastrophe bond deal, with the company using its UK…

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Hamilton seeks $150m of retro from Easton Re catastrophe bond

Details have now come to light about the first full catastrophe bond sponsored by Hamilton, the Bermuda based insurance and reinsurance holding company, with a target of securing $150 million of retrocessional reinsurance from the Easton Re Pte. Ltd. transaction. As we explained a week ago, Hamilton has entered the 144a catastrophe bond market and…

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