Allied World looks to upsize first cat bond by one-third to $200m

Allied World Assurance Company (AWAC), a global insurance and reinsurance company and part of the Fairfax Financial group, aims to increase the size of its first catastrophe bond deal, with the 2001 CAT Re Ltd. (Series 2020-1)  multi-peril issuance now targeting $200 million of reinsurance limit for the company. That’s an increase of one-third on…

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Global insurance premiums to return to growth in 2021: Swiss Re

Reinsurance giant Swiss Re is forecasting that global insurance premiums will return to growth in 2021, after having contracted in 2020 due to the effects of the COVID-19 pandemic. The Chinese insurance market continues to show the most promise, with Swiss Re forecasting that premiums will rise by an estimated 10% in non-life next year,…

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Hiscox Re & ILS hires Williams as senior property cat underwriter

Hiscox Re & ILS, the international reinsurance and insurance-linked securities (ILS) arm of the global Hiscox Group, has announced the hiring of Marlon Williams in Bermuda as a senior underwriter of international property catastrophe risks. Williams was most recently a property catastrophe reinsurance underwriter at Markel Corporation and so the timing of the move could…

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Pacific Life Re in £3.7bn longevity swap for Prudential pension scheme

Pacific Life Re, the global life, longevity and morbidity reinsurance firm, has completed a UK £3.7 billion longevity swap transaction for the Prudential Staff Pension Scheme, in an arrangement that was entered into using a Guernsey captive structure. Pacific Life Re has been growing its activity in the longevity swap, risk transfer and reinsurance market…

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Tropical storm Eta’s soaking to continue in second Florida landfall

Tropical storm Eta is turning north and heading for the Gulf Coast of Florida, where the storm is expected to deliver a second soaking blow to the state, having caused flash flooding further south in its initial path. Tropical storm Eta’s journey around the Caribbean, Florida straits and Gulf of Mexico has been a long…

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Don’t Over Rely on Justices’ ACA Questions

ACA Questions Healthcare Technology Medicare Trust

Don’t Over Rely on Justices‘ ACA Questions; Many Other Considerations Could Have Major Impact Q3 2020 hedge fund letters, conferences and more Justices’ ACA Questions WASHINGTON, D.C.. (November 10, 2020) – Those who try to predict the outcome of a Supreme Court case from the questions asked by the various justices should give those questions […]

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Stay-At-Home Space Weakness Takes A Toll On The Nasdaq

WFH stay-at-home space

Commenting on the weakness of the stay-at-home space and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more The Weakness Of The Stay-At-Home Space The major indices are mixed at midday following another active morning session on Wall Street, with investors still trying to gauge the effects of […]

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