Investments
Munich Re gains China P&C market foothold, as ERGO invests in Taishan
Global reinsurance player Munich Re continues to demonstrate an appetite to source more risk through its primary insurance arm where it can, with the Chinese property and casualty (P&C) market a new location it has now gained a foothold. Munich Re’s primary insurance unit ERGO announced today that it is making an investment in Taishan…
Read MoreMay unemployment numbers to doom second coronavirus stimulus?
We are already a week into June, but so far there are no serious developments on the second coronavirus stimulus package. And, if the latest development is anything to go by, we may not see the next stimulus package at all, or see a drastically reduced relief package. This is because May unemployment numbers came […]
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Read MoreThese states have the most unfunded public pension liabilities
Unfunded public pension liabilities for states amount to $4.9 trillion or $15,080 per person in the U.S., according to the American Legislative Exchange Council (ALEC). The organization said in a report this week that the situation has improved somewhat, but the steep uphill climb continues. Q1 2020 hedge fund letters, conferences and more Improvements in […]
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Read MoreOct. 15 is deadline to get stimulus payment for IRS non-filers
The Treasury Department has already sent out about 159 million stimulus payments worth more than $267 billion. However, there are still some who haven’t received the payment even though they are eligible. If you are one of those, then you can still get the coronavirus stimulus payment if you register at the IRS (Internal Revenue […]
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Read MoreRound 2 of IRS stimulus checks looks doubtful
Hope for a round 2 of IRS stimulus checks has been put on hold. The longer lawmakers wait to act, the less likely that there will be another round of coronavirus stimulus checks for everyone. Q1 2020 hedge fund letters, conferences and more Next stimulus package capped at $1 trillion President Donald Trump reportedly met […]
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Read MoreReinsurers need rate firming into 2021 to support RoE’s: Morgan Stanley
Another set of industry analysts is calling for the current upwards trend in reinsurance pricing to continue into 2021, as reinsurers are otherwise looking at continued underperformance as a sector and higher rates will help support their returns on equity (RoE’s). Reinsurance companies have faced challenging market conditions for a number of years as the…
Read MoreLeahey promoted to Head of Agriculture Reinsurance at AXIS Re
AXIS Re, the global reinsurance division of speciality insurance and reinsurance firm AXIS Capital, has promoted senior property treaty underwriter Michael Leahey to the role of Head of Agriculture Reinsurance. Leahey has worked at AXIS Re since 2017 in various property catastrophe reinsurance underwriting and senior treaty roles. From July 1st, Leahey will take on…
Read MoreAvatar’s Casablanca Re cat bond amended to be issued at discount to par
Avatar Property and Casualty Insurance Company’s new $65 million Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe bond issuance has been amended so that the notes will now be issued at a discount to par, with the implication being a higher premium being offered to investors, it seems. The Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe…
Read MoreFidelis’ seeks 25% upsize for first catastrophe bond Herbie Re
Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm, is seeking to upsize its first catastrophe bond transaction Herbie Re Ltd. (Series 2020-1) by as much as 25%, with the target lifted to $125 million for the deal but the pricing now lifted to the upper-end of guidance. Fidelis entered the catastrophe bond market…
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