Investments
Upswing Challenge Is Likely, But Won’t Derail the Stock Bull Run
The S&P 500 closed farther from the early June highs than the day before. The bull is telling us it wants to run, now that it’s becoming apparent that the bears are out of breath since their mid-July tech ambush. Q2 2020 hedge fund letters, conferences and more The month’s end is approaching, and so […]
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Read MoreAGCS appoints Maxwell as Global Head of Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS) has appointed Grant Maxwell as the new Global Head of Alternative Risk Transfer within the unit of the global insurance and reinsurance player. At Allianz, the AGCS Alternative Risk Transfer (ART) line of business provides corporate solutions, reinsurance, and climate solutions, including weather risk transfer, parametric insurance and structured…
Read MoreAll agree on coronavirus stimulus checks, details need to be worked out
Almost everyone now agrees that the next round of stimulus package should include stimulus checks. Senate Majority Leader Mitch McConnell has already confirmed that their stimulus proposal would consist of stimulus checks. And, we already know that the Democrats’ proposal for the next stimulus package – HEROES Act – includes $1,200 stimulus checks. Even though […]
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Read MoreArch Insurance puts Bonneau in charge of ceded reinsurance programs
Arch Insurance, the primary arm of Bermuda based insurance and reinsurance player Arch Capital Group, has promoted Krista Bonneau to the position of Senior Vice President of Ceded Reinsurance, giving her responsibility for buying across the protection programs of the company. Bonneau was most recently Vice President of Ceded Reinsurance for Arch Insurance. She joined…
Read MoreArbol transacts $11m notional through weather risk platform
Arbol, a provider of marketplace technology that utilises smart contracts, has now sold $11 million notional in weather risk transfer contracts through its platform in the first four months since it began trading live transactions. Arbol completed an acquisition of well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk back in April,…
Read MoreUnipolSai showed commitment to ILS with Azzurro Re II cat bond: Willis Re
Italian primary insurance company UnipolSai Assicurazioni S.p.A. demonstrated a long-lasting commitment to engaging with the insurance-linked securities (ILS) market with its recently completed EUR 100 million Azzurro Re II DAC (Series 2020-1) catastrophe bond, according to executives at Willis Re. With the successful placement of the Azzurro Re II DAC cat bond transaction, UnipolSai secured…
Read MoreILS has shown “remarkable” resilience: Monetary Authority of Singapore
Even in the face of Covid-19, the resilience of the insurance-linked securities (ILS) market has been impressive, but moving forward, the entire risk transfer industry needs to be more attentive to emerging complex risks, says Benny Chey, Assistant Managing Director (Development and International), Monetary Authority of Singapore (MAS). In his opening speech at the virtually…
Read MoreHudson Structured announces departure of Fascione
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has announced the departure of Partner Simon Fascione who will leave the firm on September 30th. Simon Fascione has been a Partner of Hudson Structured Capital Management Ltd. and also the Chief Investment Officer of the firms insurance and reinsurance…
Read MoreSCOR reports €456m Covid-19 hit, retro assists
French global reinsurance company SCOR has reported an estimated EUR 456 million of losses due to the Covid-19 pandemic booked in the second-quarter of 2020, with retrocession support helping the company in managing the burden, particularly on the P&C side of its business. In reporting its first-half results this morning, SCOR said it has undertaken…
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