Investments
Lockton Capital Markets names ex-Lehman Re exec Ghosh as President
Lockton Capital Markets, the unit with an alternative reinsurance capital and insurance-linked securities (ILS) focus at the largest independent insurance broker of the same name, has announced the appointment of Pradip Ghosh as President, effective immediately. Ghosh was a member of the team that created Lehman Re, a Bermuda-based subsidiary and reinsurance company owned by…
Read MoreDividend Stock Purchase: Lanny’s August 2020 Summary
June and July were heavy dividend stock purchase months. Now the question that the community is wondering – was I able to keep the pace up? The journey to financial freedom does not take breaks and one must continue to persevere through uncertainty, put cash to work and push that forward dividend income forward. August…
Read MoreHurricane Laura ILS fund hit not significant, income to offset loss for some
At current industry loss estimate levels, the impacts to insurance-linked securities (ILS) funds from hurricane Laura is not expected to be significant, with some funds even able to offset the hit with the income their reinsurance and retrocession positions earned them in August. Early estimates for the insurance and reinsurance market loss from last week’s…
Read MoreCapsicum Re to be renamed Gallagher Re, in alignment with parent
Reinsurance broker Capsicum Re is to be renamed as Gallagher Re, to bring the company into line with its parent Arthur J. Gallagher & Co. (AJG). Arthur J. Gallagher & Co. (AJG) took 100% ownership of Capsicum Re back in January, to bring the specialty reinsurance broking joint venture that it had established alongside sector…
Read MoreTwelve Capital’s Ramseier becomes Group Executive Chairman
Twelve Capital, the Zurich headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, has named Dr. Urs Ramseier, Founding Partner, CEO & CIO, as its new Group Executive Chairman. The ILS investment fund manager said that Urs Ramseier appointed as Group Executive Chairman replacing Frank Schnewlin on his retirement. In addition, experienced…
Read MoreLaura losses to hit reinsurers & ILS, but primary insurers to retain majority: Fitch
Industry losses from hurricane Laura are expected to largely fall to primary insurance carriers, but rating agency Fitch says that traditional reinsurance carriers and insurance-linked securities (ILS) players will take a share. Industry loss estimates currently range from $4 billion to $9 billion, according to the catastrophe risk modelling companies. But still, some market sources…
Read MoreAustralia’s summer catastrophe industry loss hits A$5.4bn
Insurance and reinsurance industry losses from the spate of catastrophe events that impacted Australia through its summer months in 2019/20 are now estimated to have reached A$5.4 billion, according to the Insurance Council of Australia (ICA). That’s a continued rise from the almost A$5.1 billion of industry losses reported back in May, showing that claims…
Read MoreAfrican Risk Capacity names new Director General
The African Risk Capacity (ARC) Group, a parametric sovereign disaster risk insurer for African nations, has elected a new Director-General (DG), with Ibrahima Cheikh Diong unanimously voted into the position. Diong is an African statesman from the Republic of Senegal and a Civil Engineer by profession. Diong will work alongside Lesley Ndlovu, the CEO of…
Read MoreWhy the capital rule may prevent an offering from Fannie Mae, Freddie Mac
Fannie Mae and Freddie Mac have now officially said that they oppose the capital rule proposed by the Federal Housing Finance Agency. The government-sponsored enterprises agreed with critics of the rule who said the capital rule would increase costs for borrowers. Q2 2020 hedge fund letters, conferences and more Fannie Mae, Freddie Mac oppose FHFA’s […]
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