Investments
Use This Loophole To Get More In Coronavirus Stimulus Check
Congress has now approved the massive $1.9 trillion coronavirus relief bill. Once President Joe Biden approves and signs it, the IRS will get into action to send the stimulus checks to eligible Americans. Unlike the first two checks, the third payment phases out faster, meaning fewer people will qualify. However, a loophole in the coronavirus […]
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Read MoreBillionaires Could Pay For 2/3 Of Biden’s Rescue Plan
A Year Into Crisis, Billionaires Could Pay For 2/3 Of Biden’s American Rescue Plan With Their Coronavirus Pandemic Profits Q4 2020 hedge fund letters, conferences and more As Presidential Address Marks Grim Coronavirus Anniversary, America’s Wealthiest 657 Stand $1.3 Trillion Richer Than They Were Last March Billionaires Could Fund Two-thirds Of Biden’s American Rescue Plan […]
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Read MoreCatastrophes outweigh pandemic losses for Bermuda reinsurers in 2020
Bermuda’s reinsurance sector was hit by more catastrophe losses than costs from the COVID-19 pandemic in 2020, according to data from Fitch Ratings. Nine reinsurance firms with operations in Bermuda are assessed by Fitch and the rating agency notes that the stable rating outlooks it has in place on global reinsurance and U.S. property/casualty (P/C)…
Read MoreWinter storm losses in Texas drive ERCOT subrogation speculation
The size of the estimated winter storm insurance and reinsurance market loss from February’s severe Arctic freeze and the issues suffered by energy organisation the Electric Reliability Council of Texas, Inc. (ERCOT) has raised speculation over the chances of subrogation becoming a possibility for carriers. Record freezing temperatures ended up driving significant issues across ERCOT’s…
Read MoreHannover Re cedes up to 32% of cats, 24% of COVID losses to retro in 2020
German reinsurance giant Hannover Re benefited from its retrocessional protections throughout 2020, potentially ceding almost one-third of natural catastrophe losses and 24% of its losses from the COVID-19 pandemic. The reinsurer reported its full-year 2020 results this morning, revealing that large losses came in well above budget for its P&C reinsurance business due to the…
Read More2020 a defining year for ILS as cat bonds roar back after COVID lull: Swiss Re
As insurance-linked securities (ILS) such as catastrophe bonds demonstrated their relative lack of correlation to broader financial markets again in 2020, the year was another defining one for the market, Swiss Re believes. In its latest ILS market report, Swiss Re Capital Markets, the specialist ILS focused unit of the global reinsurance firm, highlights some…
Read MoreHannover Re’s P&C result hit by fourth year of above budget large losses
Global reinsurer Hannover Re fell to a loss in its property and casualty reinsurance division in 2020, as impacts from the COVID-19 pandemic drove a fourth year in succession of above budget large losses for the company. Overall large losses, including those from the COVID-19 pandemic and global catastrophe activity, came out at almost EUR…
Read MoreForeign HNW Homebuyers Facing Stamp Duty Hike
Foreign HNW homebuyers facing stamp duty hike of £95k via surcharge as prime London market pays 12% of all stamp duty owed Q4 2020 hedge fund letters, conferences and more Research by Enness Global Mortgages, the mortgage broker of choice for global-high-net-worth individuals, has found that London’s high-end homebuyers paid 12% of the stamp duty […]
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Read MoreThe American Rescue Plan Passes Final Political Steps
As American Rescue Plan passes final political steps, small businesses are relieved and preparing for long road ahead Q4 2020 hedge fund letters, conferences and more On the House reconciliation of the American Rescue Plan today and final bill headed to President Biden’s desk, Main Street Alliance Government Affairs Director Didier Trinh had this to […]
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