Investments Archives - Page 373 of 604

RenRe’s third-party investors have “right of incumbency” – CEO O’Donnell

RenaissanceRe, the Bermuda headquartered specialty re/insurer and third-party reinsurance capital manager, has raised capital across numerous platforms over the last year, but the company always ensures investors have a “right of incumbency” on the deals they are already on, according to its CEO. RenaissanceRe (RenRe) has been raising third-party capital for its range of insurance-linked…

Explosion in Beirut, Lebanon could drive US$500m+ insured loss

This weeks devastating explosion in the port area of Beirut, the capital of Lebanon, is expected to cost the country as much as US $15 billion, according to an early estimate by officials. Source: AP Photo/Hussein Malla The Governor of Beirut had originally said he expected the costs of the blast to be around US…

Elevated catastrophes & $529m Covid-19 losses dent Liberty Mutual

U.S. primary insurer and global re/insurer Liberty Mutual has reported suffering an elevated level of catastrophe losses in the second-quarter, as U.S. severe weather affected the firm, as well as a $529 million loss from the Covid-19 pandemic, all of which sent the company to a loss for the period. Liberty Mutual reported a net…

How Americans Entertain Themselves During The Lockdown?

After coronavirus–induced lockdown in March, all U.S. states started to reopen in the past month or so. However, a growing number of states are now slowing or pausing their plans to reopen amid spike in the number of cases. Many states are even re-imposing restrictions, including closing down bars and restaurant. Q2 2020 hedge fund […]

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Praveen Reddy promoted to COO at Nephila’s MGA Velocity

Praveen Reddy has been promoted to Chief Operating Officer of Velocity Risk Underwriters LLC, the managing general agency (MGA) operation of reinsurance, catastrophe, climate and weather risk-linked investment manager Nephila Capital. Reddy had joined Velocity Risk Underwriters in its launch phase around the middle of 2015 and has played a significant role in helping the…

Dividend Stock Purchase: Lanny’s July 2020 Summary

July dividend stock purchases were steady throughout the month. After May was slow, June picked up steam and July really brought back consistency do fueling the dividend income portfolio. For the second month in a row we were able to add triple digit dividend income, increasing our passive income source this past month! dividend stock…

Hamilton Re CEO Reardon to depart, Brown steps in as interim CEO

Hamilton Re, the reinsurance focused operations of Hamilton Insurance Group, has announced that its CEO Kathleen Reardon is to depart the company and that Chairman David Brown will step in as interim CEO for the reinsurer. Reardon became the CEO of Hamilton Re back in 2014, having previously been a founding member of the firms…

Rom Aviv leads insurance for Agritask, as RMS’ Stander joins as Advisor

Rom Aviv, a former senior employee of insurance-linked securities (ILS ) fund manager Twelve Capital and Israeli investors IBI ILS Partners, is leading insurance for Agritask, an ag-tech and agronomics focused start-up, while Daniel Stander of RMS fame has joined the firm as a senior advisor. Aviv joined Agritask earlier this year, helping the company…

Aon hires Turner from AXA XL as Head of UK Property reinsurance

Broker Aon has announced the hire of Catherine Turner from AXA XL to its Reinsurance Solutions division, where she will take on the role of Head of UK Property. Turner will also become co-leader of the Aon Reinsurance Solutions UK & Ireland and Specialty Casualty business, alongside Richard Evans. Turner joins Aon Reinsurance Solutions with…