Investments
1347 PIH names Swets interim CEO to lead reinsurance & investment focus
1347 Property Insurance Holdings, Inc. has appointed Larry Swets as its interim Chief Executive Officer (CEO), to lead the company through its transition towards a strategy focused on reinsurance and investment management. Swets has worked in a number of financial services, insurance and reinsurance organisations at key times in their history, helping to drive strategic…
Read MoreThe Second Wave of COVID-19 stimulus programs — 6 Things You May See In the Next Round of Federal Aid
Many economists and financial analysts who were predicting a Great Depression-sized recession with a drop in the gross domestic product of more than 30% (Morgan Stanley, Goldman Sachs, Deutsche Bank) are pleasantly surprised — and a little confused — with the strong jobs, retail, and stock market numbers reported in June. Q1 2020 hedge fund […]
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Read MoreHSCM Bermuda recapitalises fronting insurer for auto insurtech Buckle
HSCM Bermuda Management Company, the insurance and reinsurance investment business entity of asset manager Hudson Structured Capital Management Ltd., has recapitalised an auto insurer to support the expansion of ride share and sharing economy focused insurtech Buckle. Buckle is a provider of technology-driven financial products and services to the shared economy, with insurance for ride…
Read MoreGold’s Long-term Turning Point is Here
Historical precedents are in many a technician’s toolbox – and it’s a tool they reach for with success repeatedly. Does the yellow metal offer any interesting parallels? Q1 2020 hedge fund letters, conferences and more Gold had declined and it recovered, but the above simply prolongs the 2008-2020 analogy; it doesn’t invalidate it. Today, gold […]
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Read MoreCoronavirus stimulus 2: Is August 8 is the unofficial deadline
The majority of Coronavirus stimulus checks promised by the CARES Act have already been sent, and would have likely been spent by Americans as well. With economic activities still far from normal, people are anxiously waiting for coronavirus stimulus 2. However, we haven’t yet seen anything conclusive on the second relief package except for remarks […]
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Read MoreCovid-19 “compounded” firming of reinsurance at Florida renewal: GC
The Covid-19 pandemic has compounded an already firming reinsurance market environment at the renewals, causing challenges in completing placements and driving double-digit Florida rate increases, according to Guy Carpenter. The reinsurance broker explained that the June 1st reinsurance renewals for Florida property and catastrophe risks were particularly affected by the the pandemic. The result was…
Read MoreCaterpillar (CAT) Dividend Stock Analysis: A Stock Under Construction
Caterpillar (CAT) experienced a decline of 42% to net income in Q1 2020 vs. Q1 2019, primarily due to lower sales volume. In addition, CAT has been able to reduce operating expenses by $2 billion, and investors may see a more efficient operation going forward. CAT is labeled as a dividend aristocrat, yet, no dividend…
Read MoreSome fronted ILS capacity in NZ Earthquake Commission renewal
New Zealand’s state-owned residential property disaster insurance entity the Earthquake Commission (EQC) has utilised some alternative capital within its recently completed $6.2 billion reinsurance program renewal, the entity has told us. The New Zealand Earthquake Commission (EQC) successfully completed a renewal of its NZ $6.2 billion reinsurance program recently, keeping the size of the program…
Read MoreLiberty Mutual Re hires Mackie for US property treaty reinsurance role
Liberty Mutual Re, the reinsurance underwriting arm of the Liberty Mutual Insurance Group, has announced the hiring of Scott Mackie, formerly of AXA XL, to a U.S. property treaty reinsurance role. Mackie, who had been at AXA XL for four years, joined Liberty Mutual Re on June 8th, taking the position of Director of Assumed…
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