USAA gets $400m ResRe cat bond. Lower-risk tranches price down

USAA has successfully secured the upsized target of $400 million of reinsurance limit from its latest catastrophe bond transaction, with the two lower-risk tranches of the Residential Reinsurance 2020 Limited (Series 2020-2) transaction pricing down significantly for the insurer. USAA returned to the catastrophe bond market around mid-October with its second cat bond transaction of…

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First Australia catastrophe of season declared for Queensland hailstorm

The first catastrophe of the 2020-21 season has been declared in Australia by its Insurance Council, after large hail of up to tennis ball size hit south-east Queensland damaging cars and homes. An influx of claims is expected once as residents and businesses inspect the damage and lodge impacts with their insurance providers. An initial…

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Hiscox reports retro rates up 20%, but deployable ILS capital still dented

Hiscox Group, the specialist insurance or reinsurance underwriter and ILS capital manager, has reported that its reinsurance focused Hiscox Re & ILS unit has secured rate increases of 12% across its portfolio for the year so far, with retrocession up 20%, although its book shrank at the mid-year renewals. Gross premiums written by Hiscox Re…

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Best of Artemis, week ending 1st November 2020

Here are the ten most popular news articles, week ending 1st November 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…

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6 Dividend Increases Expected in November 2020

Another month is in the books. We are racing towards the end of 2020 and looking ahead towards 2021. With a new month coming, you know what that means? The next installment in our monthly dividend income summary series. Each month, we predict the expected dividend increases and review last month’s actual results. Let’s jump…

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McConnell targets 2021 for stimulus checks, but Pelosi, Trump want it sooner

coronavirus, stimulus checks, 2021

With negotiations over the next stimulus package at a dead end, most lawmakers, including President Donald Trump and House Speaker Nancy Pelosi, now expect a deal in the lame-duck session. However, Senate Majority Leader Mitch McConnell believes that the next coronavirus stimulus bill (possibly including checks) should be considered in early 2021. Coronavirus stimulus checks: […]

The post McConnell targets 2021 for stimulus checks, but Pelosi, Trump want it sooner appeared first on ValueWalk.

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