Investments
Monthly Dividend Stock In Focus: Main Street Capital
Updated on March 2nd, 2020 by Nathan Parsh Business Development Companies – or BDCs, for short – can be a great source of current yield for income investors. You can see our BDC list here. Main Street Capital Corporation (MAIN) is a great example of this. This BDC has a current annualized dividend yield of…
Read MoreJapanese ILW market set to grow as PCS takes share: Johansmeyer
The Japanese industry-loss warranty (ILW) market is recovering and set for growth, helped by the availability of PCS’ product in the region which is seeing increasing uptake. After two consecutive years of heavy typhoon related losses in Japan, retrocessional reinsurance market capacity has been dented. ILW’s structured against Japanese wind were tied up and held…
Read MoreAmerican Integrity targets $125m Integrity Re II catastrophe bond issue
American Integrity has returned to the catastrophe bond market for what will be its fourth visit, as the company seeks to expand its capital markets backed sources of reinsurance against Florida named storms and hurricanes with a $125 million Integrity Re II Pte. Ltd. (Series 2020-1) transaction. American Integrity Insurance Company of Florida, Inc’s fourth…
Read MoreHiscox Re & ILS premiums up, but rates to hinder capital deployment in 2020
Insurance and reinsurance firm Hiscox Group has announced an increase in gross written premiums within its reinsurance and ILS unit during 2019, but has warned that it’s unlikely to use of all its available capital in 2020 as rate increases remain below targets for the firm. The re/insurer announced in November of last year that…
Read MoreMexico’s sustainable World Bank cat bond grows 14% to reach $485m
Mexico’s latest World Bank supported catastrophe bond, the IBRD / FONDEN 2020 transaction, has now successfully secured $485 million of capital markets backed natural disaster insurance protection for the country, upsizing by 14% thanks to investor demand. The successful pricing of this latest World Bank facilitate catastrophe bond issuance means that the government of Mexico…
Read MoreMitsui Sumitomo sponsors $75m Akibare Re 2020 Japan typhoon & flood cat bond
Mitsui Sumitomo, an MS&AD Holdings insurance company, has returned to the catastrophe bond market to top-up its capital markets backed reinsurance protection with a currently $75 million Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction. This new Akibare Re catastrophe bond is the fifth transaction to take that name and is…
Read MorePandemic cat bond price plummets on growing coronavirus threat
The secondary market price for the tranche of the World Bank’s pandemic catastrophe bond that is most at-risk of paying out due to the spreading global coronavirus outbreak has plummeted, while the lower risk tranche has now also been marked down. As we explained last week, secondary market pricing for the World Bank’s pandemic catastrophe…
Read MoreInsured losses from Australia’s January hailstorms rise 26% to A$805m
Insured losses from the severe hailstorms that struck the southeastern region of Australia in January have risen by another 26%, with the latest estimate of insurance and reinsurance industry losses now sitting at A$805 million (around US $503m). This loss emanated from an outbreak of severe convective weather, thunderstorms, large hail and flooding affected a…
Read MoreBest of Artemis, week ending 1st March 2020
Here are the ten most popular news articles, week ending 1st March 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,…
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