Forney surfaces as CEO of specialty property insurer GeoVera

John Forney, who as we reported this morning has departed from United Insurance Holdings (UPC) has already resurfaced with a new lead role as Chief Executive Officer of  specialty residential property insurance company GeoVera Insurance Holdings, Ltd. Forney, who is well-known in the insurance-linked securities (ILS) market given his previous firm United (UPC) was among…

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Monthly Dividend Stock In Focus: San Juan Basin Royalty Trust

Updated on June 19th, 2020 by Nathan Parsh San Juan Basin Royalty Trust (SJT) has a high dividend yield of more than 9%, based on its annualized distributions over the past 5 months. It is one of more than 200 stocks with a 5%+ dividend yield. You can see the full list of established 5%+…

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ESG: A Giant Bubble In Nonsense

giant bubble leverage in the financial system

That’s what Eric Weinstein calls it. To be more accurate: A Giant Bubble Of Nonsense “We are in the middle of a giant bubble of nonsense that is 50 years in the making in my estimation” Speaking of nonsense I’ve previously discussed the ESG movement on this site. ESG stands for Environmental, Social and Governance. […]

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2020 catastrophe bond & ILS issuance hits $8.25bn, spreads continue to rise

Cat bond issuance has continued apace in recent weeks, with total catastrophe bond and related insurance-linked securities (ILS) issuance for 2020 so far now reaching almost $8.25 billion, according to Artemis’ Deal Directory data. At the same time, catastrophe bond spreads have continued to rise, as transactions increasingly see their pricing move towards the upper-end…

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Willis Re hires Kirsten van Exel, former Aegon ILS underwriter

Global reinsurance broker Willis Re, part of the Willis Towers Watson group of companies, has announced the hiring of Kirsten van Exel, who was most recently an insurance-linked securities (ILS) underwriter for Netherlands headquartered global life insurance company, annuities provider and pension investment manager Aegon. Aegon shuttered its insurance-linked securities (ILS) investment operations this year…

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