Investments
Trump wants at least $2tn for next coronavirus stimulus
Almost daily, we see some news related to the second stimulus package. However, there is still no confirmation on whether there will be a second round, or if there is to be one, what it might offer. On Saturday, we got the biggest hint that President Donald Trump is possibly considering the next coronavirus stimulus […]
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Read MoreProperty cat seen +5-15%, retrocession +20-25% at July 1st renewal: KBW
Expectations for further strong rate increases at the July 1st reinsurance renewals are clear, with analysts from KBW explaining that the market is discussing increases of between +5% to +15% for U.S. southeast property catastrophe reinsurance programs, with retrocession rates seen up even more at +20% to +25%. The market has been anticipating the recent…
Read MorePRA to assess whether UK ILS regs need post-Brexit transition changes
The United Kingdom’s Prudential Regulatory Authority (PRA), part of the Bank of England, said it will keep its policy related to insurance-linked securities (ILS) and insurance special purpose vehicles (iSPV’s) under review as the Brexit transition proceeds, in case any changes are need. The UK’s withdrawal from the European Union, the so-called Brexit process, has…
Read MoreBlue Halo Re 2020 cat bond target lifted to $150m at higher pricing
The target for the new Blue Halo Re Ltd. (Series 2020-1) catastrophe bond transaction from Allianz Risk Transfer has been lifted by 50% to $150 million, while the pricing has moved towards the upper-end of guidance. Allianz Risk Transfer, the specialist and alternative risk focused unit of the global insurance and reinsurance group Allianz, returned…
Read MoreAchmea looks to upsize its Windmill II Re cat bond by 25%
European insurer Achmea is hoping to increase the size of its new Windmill II Re DAC (2020) catastrophe bond transaction by as much as 25%, with the offering now targeting up to EUR 100 million (US $113m) of reinsurance protection for the company. Dutch headquartered European market focused insurance group Achmea returned to the catastrophe…
Read MoreAvatar’s Casablanca Re cat bond term shortened to one-year
The term of Avatar Property and Casualty Insurance Company’s latest catastrophe bond was shortened to one year just before its issuance, as the insurer settled for a single year of reinsurance coverage from the $65 million Casablanca Re Pte. Ltd. (Series 2020-1) transaction. The reason for the shortening of the term of Avatar’s new catastrophe…
Read MoreBest of Artemis, week ending 14th June 2020
Here are the ten most popular news articles, week ending 14th June 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
Read MoreTrump considering second round of IRS stimulus checks
Taxpayers received a bit of good news as far as a second round of IRS stimulus checks this week. However, the bad news is that it will probably be more than a month before lawmakers actually start to hammer down the details of the next stimulus bill. It’s still unclear whether a second round of […]
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Read MorePost COVID-19: Online Cannabis, Alcohol, And Tobacco Are Booming
Three of the most booming online products right now are cannabis, alcohol, and tobacco products. All three markets have been flourishing amid the quarantines especially marijuana. Post COVID-19, consumers are ordering online deliveries at a higher rate than ever before. Yet, both are still mired in the slow processing of IDs. According to VentureBeat, “Cann, […]
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