Investments
1 In 5 Are Looking For A New Career Path Post-Lockdown
1 in 5 are looking for a new career path post-lockdown & 1 in 10 plan to start a business Q2 2020 hedge fund letters, conferences and more The coronavirus pandemic has changed life for many of us from the way we work and socialise, to companies operating 100% remotely and Zoom being utilised a […]
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Read MorePRB Banks Responsible For US$1.25 Trillion In Climate-Destructive Financing
PRB banks responsible for over US$1.25 trillion in climate-destructive financing since Paris Agreement Q2 2020 hedge fund letters, conferences and more PRB Banks Are Far From Their Stated Goals San Francisco, CA – As the UN Principles for Responsible Banking (PRB) marks its one-year anniversary, a review of signatory banks’ financing shows that PRB banks […]
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Read MoreCedants increasingly favour catastrophe bonds, Moody’s survey finds
Reinsurance cedants and buyers are increasingly looking to catastrophe bonds as options for accessing alternative sources of reinsurance capital, a new survey from rating agency Moody’s has found. Polling reinsurance buyers at property and casualty insurers, the survey asked for their plans with respect to insurance-linked securities (ILS) and alternative capital, finding that many cedants…
Read MoreThese are the top 10 biggest venture capital funding rounds
A look at the top 10 biggest venture capital funding rounds reveals why many companies are delaying their initial public offerings. Tech unicorns, in particular, have been able to raise billions of dollars without going public, so they just aren’t motivated to sell a bunch of stock. Q2 2020 hedge fund letters, conferences and more […]
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Read MoreInvestors call for climate disclosures in company accounts
Money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the International Accounting Standards Board that calls for incorporating climate-related risks in financial statements. Original Article Posted at : https://www.accountingtoday.com/articles/investors-call-for-climate-disclosures-in-company-accounts
Read More2020 could be one of the “costliest years” for re/insurers: Althoff, Hannover Re
The COVID-crisis is “game-changing”, according to Hannover Re executive board member Sven Althoff. He compared it to events like 9/11 and Hurricanes Katrina, Rita and Wilma in 2005 in the impact it was having on the reinsurance cycle. “The difference compared to, for example 2001, is the fact that we are not seeing any immediate…
Read MoreHurricane Sally expected to drive significant NFIP flood losses: A.M. Best
Hurricane Sally’s extreme rainfall and storm surge are expected to drive significant insured losses for the National Flood Insurance Program (NFIP), putting its reinsurance panel and catastrophe bond investors on alert, according to A.M. Best. The rating agency said that the the U.S. Federal Emergency Management Agency’s (FEMA) flood insurance program and also private market…
Read MoreProgressive in $80m reinsurance recovery for August cat losses
Auto and property insurance focused Progressive Corporation recovered $80 million from its reinsurance in August, after the impacts of catastrophe losses during the month, in particular hurricane Laura and Isaias, triggered both its aggregate and per-occurrence protection. Progressive said that its property line of business combined ratio elevated to 147.1% for August 2020, driven by…
Read MoreFEMA begins 2021 flood reinsurance renewal process, may upsize program
The U.S. Federal Emergency Management Agency (FEMA) is back in the reinsurance market and seeking expressions of interest to participate in a January 2021 renewal of the National Flood Insurance Program’s (NFIP) traditional reinsurance program. Our sources suggest that for 2021 FEMA may look to increase the size of the traditional flood reinsurance program a…
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