NCIUA returns for $100m Cape Lookout Re 2021 cat bond

The North Carolina Insurance Underwriting Association (NCIUA) is back in the catastrophe bond market with its first issuance of 2021, a currently $100 million Cape Lookout Re Ltd. (Series 2021-1) transaction that will sit in the higher layers of its reinsurance tower. The North Carolina Insurance Underwriting Association (NCIUA) is a coastal property insurance underwriting…

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These Are The Ten Largest Banks In The US By Asset Size

Ten, largest banks, US,

Banks are the lifeline of an economy, and the U.S. is no different. The country is home to some of the world’s largest financial institutions. Moreover, the size of these financial institutions, especially the top ones, have grown significantly since the Great Recession. As of September, the 15 largest held a total of $12.13 trillion […]

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The Yield Harbinger For Stocks

IWM

Indices, for the most part, closed fractionally higher to end the week. But a new headwind for stocks could be more concerning – rising bond yields. Q4 2020 hedge fund letters, conferences and more That correction I’ve been calling for weeks could have potentially started. Likelihood Of A Crash Before Q1 Ends While I don’t […]

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Conduit Re off to a “flying start” with quota share reinsurance focus

Conduit Re, a Class of 2021 reinsurance start-up that raised its close to $1.1 billion of capital in an initial public offering (IPO) and listing before it had even underwritten any business, got off to a “flying start” according to its Executive Chairman Neil Eckert. Conduit Re’s parent Conduit Holdings reported its first set of…

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Could Silver be emerging from Gold’s shadow and how does it correlate with Oil

silver reddit gold silver prices

Gold has long been the talk of the town thanks to the historical records it set in 2020 and its subsequent price correction, however, could we see a new rival emerging? Q4 2020 hedge fund letters, conferences and more Silver has remained in the deep shadow of the “main metal” for a long time, however, […]

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FOMC Minutes Disappoint Gold Bulls

FOMC minutes gold

The recent FOMC minutes are hawkish and negative for the price of gold, but the Fed will remain generally dovish for some time. Q4 2020 hedge fund letters, conferences and more The Recent FOMC Minutes Are Bad For Gold Last week, the Federal Open Market Committee (FOMC) published minutes from its last meeting in January […]

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Allstate’s wildfire subrogation recoveries reach $605m

U.S. primary insurance giant Allstate has revealed that it expects to receive around $605 million in subrogation recoveries on claims related to the California wildfires, with a significant percentage already booked. Previously, Allstate had reported $450 million of PG&E related subrogation related to California wildfires claims, which included subrogation due on claims arising from the…

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