Investments
Reasons why you may still get a coronavirus stimulus check
There is no coronavirus relief package yet even though millions of Americans are eagerly awaiting stimulus checks. Despite more than two weeks of negotiations, the White House and Democrats have failed to reach a consensus. Even though there are no real signs of a bill anytime soon, the fact is that the bill isn’t dead. […]
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Read MoreEverest hires Allied World’s Hoffman to lead ceded reinsurance strategy
Everest Insurance, part of the global reinsurance group Everest Re, has announced the hiring of Mike Hoffman from Allied World, who joins the company as its new Head of Risk & Ceded Reinsurance. Hoffman, who is based in Bermuda, had most recently been Allied World Assurance’s Global Chief Underwriting Officer, Insurance. He has already joined…
Read MoreTesla Stock Projection – The Market Cap Test
In this video, we’re going to discuss Tesla projections for the stock to hit 100,000. Tesla‘s stock is up 5 times over the last year, an incredible performance. I was always a Tesla bear and I remain a Tesla bear. I am also ready to hear the Tesla bulls telling me how stupid I was. […]
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Read MoreILS an option to consider for SiriusPoint: CEO Sankaran
SiriusPoint, the new Class of 2020 international insurance and reinsurance firm being launched out of the coming together of Third Point Re and Sirius Group, sees ILS as “an option to consider” in terms of its capital use, CEO Sid Sankaran told us in an interview. Speaking with Artemis and our sister publication Reinsurance News…
Read MoreIt’s on the market to develop refined parametric structures: Panellists
It’s up to insurance, reinsurance and ILS market participants to improve the acceptability of parametric insurance structures across the Asia Pacific region, say industry experts at ILS Asia 2020. Although leveraged more widely in the Indian agricultural sector and the Japanese catastrophe arena, parametric insurance remains a relatively new concept across much of the APAC…
Read MoreAustralian east coast low industry loss raised 21% to A$958m
The estimate of insurance and reinsurance market losses from a severe east coast low pressure storm that struck Australia at the beginning of February, has risen some 21% at the second reporting to A$958 million, according to PERILS AG. Sydney flooding image from ABC News’ Oscar Coleman. PERILS latest estimate, which is its first update…
Read MoreBrazil’s Post-Covid Green Economic Recovery
A new report from NEB discussing Brazil’s green economic recovery in the post-COVID world, titled, “New Economy for a New Era: Elements for Building a More Efficient and Resilient Economy in Brazil” Who: Joaquim Levy – Former Brazil Finance Minister and Managing Director of the World Bank Caio Koch-Weser – Former World Bank Managing Director […]
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Read MoreZurich result dented by Covid, catastrophe claims & civil unrest
Zurich Insurance Group (Zurich) reported its results for the second-quarter and first-half of 2020 today, revealing an elevated level of catastrophe claims, with the U.S. civil unrest and rioting a key driver of impacts. Zurich reported growth in commercial insurance and an ambition to take advantage of the improvements being seen in pricing around the…
Read MoreQBE says Covid claims near reinsurance trigger, expects BI to be covered
QBE, the Australian headquartered global insurance and reinsurance group, said this morning that its claims from the Covid-19 pandemic have taken it very close to attaching its aggregate reinsurance cover. The company also explained that it expects any business interruption claims from the pandemic will be covered under its catastrophe reinsurance treaties. QBE reiterated its…
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