Investments
Hiscox warns FCA’s Covid-19 BI test case could drive reinsurance losses
During its earnings call this morning, senior executives from specialist insurance and reinsurance underwriter Hiscox Group warned that the eventual findings of the UK Financial Conduct Authority’s (FCA) business interruption test case could drive additional Covid-19 losses to its reinsurance book. In addition, the company also said that it has exposure to some business interruption…
Read MoreHiscox Re & ILS CEO Mike Krefta to depart
Hiscox Re & ILS, the reinsurance and insurance-linked securities (ILS) arm of the global specialty re/insurer, has announced the impending departure of its CEO Mike Krefta, who is leaving the firm to pursue opportunities outside the sector. Krefta has been Chief Executive Officer (CEO) of Hiscox Re & ILS since December 2016. He has worked…
Read MoreGuy Carp promotes Mayer to COO, Mowery to Global Head of Distribution
Guy Carpenter, the global reinsurance broking unit of Marsh & McLennan Companies, has promoted some of its senior leadership to new roles, with Neil Mayer becoming COO and Lara Mowery taking a new position as Global Head of Distribution. Both Mayer and Mowery have been named to the Guy Carpenter Executive Committee, along with current…
Read MoreHiscox reports reduced deployable ILS capital, keeps powder dry for cat risks
Hiscox Group, the specialist insurance or reinsurance underwriter and ILS capital manager, has reported a shrinkage in its deployable insurance-linked securities (ILS) capital and a reduction in its appetite for catastrophe risks, as it keeps its powder dry for future opportunities. The company said it is remaining disciplined in its Hiscox Re & ILS unit,…
Read MoreBest of Artemis, week ending 2nd August 2020
Here are the ten most popular news articles, week ending 2nd August 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. Watch all of our recent virtual…
Read MoreA Solid Month For Most Hedge Funds
June was another good month for hedge funds, although not as good as May. The Eurekahedge Hedge Fund Index gained 1.38% in June as the global equity market drove gains among hedge funds. However, hedge funds underperformed the MSCI ACWI IMI, which was up 2.7% for June. The tech-heavy NASDAQ was up 4.05% in June, […]
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Read MoreWhite House open to strike coronavirus stimulus deal without liability shield
The federal unemployment benefit of $600 per week officially expired on July 31. With coronavirus cases spiking again and unemployment numbers nowhere near the comfort zone, there is an urgent need for the next coronavirus stimulus bill even if checks for the broader population. Lawmakers are still far apart on what should be included in […]
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Read MoreTesla’s Profits From Emission Credit Sales Will Disappear
Stanphyl Capital letter to investors for the month ended July 31, 2020, discussing that Tesla Inc (NASDAQ:TSLA) will lose money again in 2020, exlcuding the sunsetting emission credit sales. Q2 2020 hedge fund letters, conferences and more Tesla Set To Lose Money Again In 2020 We remain short Tesla Inc. (TSLA), which I still consider […]
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Read MoreUSCIRF Applauds Global Magnitsky Sanctions Against XPCC
USCIRF Applauds Global Magnitsky Sanctions Against Xinjiang Entity (XPCC) Q2 2020 hedge fund letters, conferences and more Washington, DC – The United States Commission on International Religious Freedom (USCIRF) today applauded the U.S. Department of Treasury’s designation of the Xinjiang Production and Construction Corps (XPCC) under the Global Magnitsky Act for committing egregious religious freedom […]
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