Investments
Lancashire Capital Management investors have “appetite to go forwards” – Redhead
Discussing the challenges faced in the insurance-linked securities (ILS) market as a result of the Covid-19 pandemic today, Darren Redhead, CEO of Lancashire Capital Management, explained how his unit is relatively insulated from issues related to redemption that some others in the ILS space have faced. Redhead leads the specialist third-party capital management and collateralised…
Read MoreCEO pay cuts total USD 180 million; but still a fraction of total pay
A new report from CGLytics, released today, called “The Pandemic and Executive Pay” covering the Russell 3000. Q2 2020 hedge fund letters, conferences and more In it, the report covers In 2020, 634 companies listed on the Russell 3000 (114 of which are listed on the S&P 500 index) issue some type of pay adjustments […]
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Read MoreSome ILS funds see adverse typhoon Hagibis development in June
A handful of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions have experienced some further adverse development related to 2019’s Japanese typhoon Hagibis in June, we understand. The adverse development has been sufficient to drive a few ILS fund positions negative for the month of June 2020, we’ve learned, as these positions were significant…
Read MoreCoronavirus stimulus: why some may get two checks from IRS
There is a good chance many will get a second stimulus check next month. On Monday, the Senate introduced its proposal, the HEALS Act, for the next stimulus package. If the negotiations on the final bill conclude this week or early next week, many will receive their check sometime in August. However, this time it […]
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Read MoreThe Power of the Force: Compounding
The following is an excerpt from Mark Tobak MD’s book, titled, “Anyone Can Be Rich!: A Psychiatrist Provides the Mental Tools to Build Your Wealth“, discussing the force of compound interest. Q2 2020 hedge fund letters, conferences and more Chapter 6 – The Power of the Force: Compounding In Star Wars: A New Hope, Obi-Wan […]
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Read MoreUS thunderstorms dominate $27bn H1 insured disaster losses: Munich Re
Severe thunderstorms, or convective weather, in the United States has dominated insured natural disaster losses for the first-half of 2020, according to reinsurance firm Munich Re. The company said that severe thunderstorms, tornadoes, hail storms and flash floods, all parts of the convective weather bucket, saw 8 billion dollar insured loss events in the first-half…
Read MoreTech Giants Are an Important Lifeline for Small Businesses in a Post-COVID World
There’s very little that we could have predicted about how the world would respond to the COVID-19 pandemic — and that includes stock exchanges. In March, we saw global markets plummet, but Amazon, Shopify, and other cloud-based tech giants saw their share value soar. And when the market rallied the following month, it was largely […]
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Read MoreMcConnell: Liability Protection Is A Key To The 2020 Election
First on CNBC: CNBC Transcript: Senator Mitch McConnell speaks with CNBC’s Kayla Tausche on “Closing Bell” today about the GOP’s economic plan, why liability protection is a key to passing the latest proposal and the 2020 election. Q2 2020 hedge fund letters, conferences and more When: Today, Tuesday, July 28, 2020 Where: CNBC’s “Closing Bell” […]
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Read MorePartnerRe takes P&C business interruption hit from Covid-19
Bermuda headquartered reinsurance firm PartnerRe has reported a loss for the second-quarter of 2020 in its non-life underwriting business, as the majority of a $320 million hit from the Covid-19 pandemic fell to that side, some of which was in P&C business interruption. Overall, PartnerRe reported $338 million of Covid-19 pandemic related impacts across its…
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