NOAA considering earlier start to Atlantic hurricane season

The official start of the Atlantic hurricane season could be moved earlier by up to two weeks, if officials from National Oceanic and Atmospheric Administration (NOAA) decide that the recent historical climatology warrants an extension to the season. Currently, the Atlantic hurricane season officially begins on June 1st and runs until the end of November.…

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Aon, Nayms & Relm aim to open capital markets to digital asset & crypto risks

Insurance and reinsurance broker Aon, working with cryptocurrency and smart contract focused insurtech start-up Nayms and Bermuda specialist insurer Relm, aims to open up the capital markets to digital asset risk, to source risk capacity for the burgeoning crypto space. There have been a number of initiatives that have looked into leveraging crypto protocols such…

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Horton to depart Beazley and become QBE CEO

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, is losing its CEO, as Andrew Horton has taken a position as Group CEO of QBE Insurance in Australia. Horton has been with Beazley since June 2003, becoming Chief Executive Officer of Beazley plc and President of Beazley Insurance Company Inc. in September 2008. He…

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Hiscox ILS funds AuM slides to $1.4bn, but growth targeted for Hiscox Re & ILS

Hiscox Group, the specialist insurance or reinsurance underwriter and ILS capital manager, says its reinsurance and insurance-linked securities (ILS) unit Hiscox Re & ILS is seeing the best market conditions in at least five years, with an expectation of a return to growth. CEO Bronek Masojada commented this morning, “In 2021, I expect our big-ticket…

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Genworth secures third & largest $495m Triangle Re 2021 mortgage ILS

Genworth Mortgage Insurance, a mortgage insurance subsidiary of Genworth Financial, has returned to the capital markets to add more mortgage reinsurance protection, with its third and now largest mortgage insurance-linked securities (ILS), a $495 million Triangle Re 2021-1 Ltd. issuance. Genworth first sourced mortgage reinsurance capacity from the capital markets on a securitized and fully-collateralized…

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Senator Mitch McConnell: “The GameStop Fiasco Is A Slippery Slope To Communism”

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Senate Minority Leader Mitch McConnell is making headlines after stating in an interview with CNBC that “The GameStop fiasco is a slippery slope to communism; people attempting to redistribute wealth by stealing from the rich and giving to the poor is exactly what the likes of Castro envisioned.” Q4 2020 hedge fund letters, conferences and […]

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