Alternative reinsurance capital fell 4% to $91bn in Q1 2020: Aon

Having returned to growth in the fourth-quarter of 2019, alternative reinsurance capital, for deployment into insurance-linked securities (ILS), collateralised contracts and catastrophe bonds, declined 4% to $91 billion in the first-quarter of 2020, as the impacts of Covid-19 further dented already constrained supply, according to broker Aon. At the same time, traditional reinsurance capital levels…

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Risk of large San Andreas quake up 3 to 5-fold since Ridgecrest: Temblor

The Ridgecrest, California sequence of earthquakes has increased the risk of a major San Andreas fault earthquake event occurring, according to newly published research. The paper published by Ross Stein of specialist seismic hazard catastrophe modelling company Temblor, Inc. and Shinji Toda of the International Research Institute of Disaster Science (IRIDeS) at Tohoku University in…

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Aon’s Randolph Re platform issues $50.25m private cat bond

A $50.25 million private catastrophe bond transaction has been issued around the July renewal by broker Aon’s private catastrophe bond issuance and placement platform Randolph Re. This is the first transaction to have come to light from Aon’s Randolph Re platform and likely saw the broker helping a cedent to access sources of capital markets…

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How Banks Can Mitigate Credit Losses

Mitigate Credit Losses

Without question, the economic impact caused by COVID-19 has rocked companies and consumers across the globe. Big companies are drawing heavily on credit lines. Mom and pop shops are struggling to stay afloat, despite the government funding small business loans to the tune of $659 billion, of which $130 billion is still unclaimed. Companies are […]

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George Soros pledges $220m to “black communities”

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George Soros’ Open Society Foundations announced $220 million in investments to help emerging organizations and leaders who are building power in black communities across the U.S. The foundation is supporting the movement toward “racial justice”. Q2 2020 hedge fund letters, conferences and more George Soros’ Open Society Foundations announces grants Of the pledged amount, the […]

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Bill Gates calls for equitable coronavirus vaccine distribution

bill gates coronavirus vaccine distribution

Microsoft founder Bill Gates warned against distribution of the coronavirus vaccine starting with those who can pay the most. He made the remark during a remote COVID-19 conference hosted by the International AIDS Society. Q2 2020 hedge fund letters, conferences and more Bill Gates on coronavirus vaccine distribution CNBC reports that Bill Gates said coronavirus […]

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