Investments
Essent adds to triggered mortgage ILS as delinquencies accelerate in June
As expected, U.S. focused mortgage insurer Essent Guaranty has reported that all of its mortgage insurance-linked securities (ILS) transactions outstanding are now subject to a trigger event, after the Covid-19 pandemic drove delinquency rates much higher. Essent Guaranty follows three other mortgage insurers that have reported a triggering of their mortgage insurance-linked notes arrangements. As…
Read MoreM&A Representations and Warranties Insurance in the COVID-19 Environment
Background on Representations and Warranties Insurance Until the COVID-19 pandemic in the spring of 2020 eclipsed every other development, Representations and Warranties Insurance was generally considered the most significant development in M&A practice of the last few years. Q2 2020 hedge fund letters, conferences and more As a brief background, Representations and Warranties Insurance allows […]
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Read MoreGrupo Televisa SAB: Growth And Value All In One
Grupo Televisa SAB ADR (NYSE:TV) is a stock that many U.S. investors may be oblivious to, even though the company is a significant stakeholder in the North American Univision television network. Nonetheless, investors seeking international exposure at a bargain price are advised to keep an eye on this one. Q2 2020 hedge fund letters, conferences […]
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Read MoreTrump again backs second economic stimulus check from IRS
After a dearth of news about a second round of economic stimulus checks from the IRS, this week has brought several updates. Now President Donald Trump has again said Americans can expect the phase four stimulus package “very soon” and that a second round of economic stimulus checks from the IRS will be included. Q2 […]
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Read MoreWannabe President’s company got millions in coronavirus stimulus
Data from the U.S. Small Business Administration released earlier this week revealed that more than 40,000 companies got loans of $150,000 or more under the PPP (payroll protection program). One of the companies among those that got millions in coronavirus stimulus was that of Kanye West. Q2 2020 hedge fund letters, conferences and more West’s […]
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Read MoreCoronavirus stimulus checks: What Trump and others said yesterday
Almost every day we see some positive development regarding the next stimulus package. For instance, on Monday, Senate Majority Leader Mitch McConnell possibly hinted on who could qualify for the next stimulus checks. Similarly, on Tuesday, President Donald Trump reassured that coronavirus stimulus checks are coming and that it would be “soon.” Q2 2020 hedge […]
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Read MoreHurricane forecasts raised again, above-normal landfall probability remains
Hurricane forecasts for the 2020 Atlantic tropical storm season have been elevated again to reflect the rapid start to the year in terms of storms already formed, while in addition there remains an above-normal landfall probability for the months ahead, forecasters note. Both Colorado State University and Tropical Storm Risk have released their latest forecast…
Read MoreConan Ward & Romel Salam launch US MGA RubiQon with QOMPLX
QOMPLX, an insurtech provider of intelligent decision platforms and operator of managing general agency’s (MGA), has launched US-based subsidiary MGA units named RubiQon Risk & Insurance Services and RubiQon Re, which will be led by sector veterans Conan Ward and Romel Salam. Ward and Salam both worked together at reinsurance firm Validus Re in the…
Read MoreKKR acquiring life & retirement re/insurer Global Atlantic
Private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) has again demonstrated its appetite for insurance-linked returns by announcing it is to acquire life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group. KKR, as one of the largest private equity and buyout specialists, has long had a liking…
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