Financial
Bank of America Announces Net-Zero Financing Goal
BERKELEY, CA—FEB. 11, 2021—Today, Bank of America announced its commitment to achieving net-zero greenhouse gas emissions from its financing activities by 2050, following an earlier announcement to measure and disclose its financed emissions through the Partnership for Carbon Accounting Financials (PCAF). Bank of America joins Morgan Stanley and JPMorgan Chase as the largest U.S. banks […]
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Read MoreTilray stock, other pot stocks tumble after massive gain
Tilray stock started plunging after the markets opened this morning, reversing a massive rally that began earlier this week and continued in the premarket hours this morning. Users of the Reddit forum WallStreetBets turned their attention to Tilray and other pot stocks this week after abandoning GameStop and several different stocks. Tilray, other pot stocks soar Tilray […]
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Read MoreDividend Aristocrats In Focus: McDonald’s Corporation
Updated on February 11th, 2021 by Bob Ciura Every year, we review each of the 65 Dividend Aristocrats, the group of companies in the S&P 500 Index, with 25+ consecutive years of dividend increases. We believe the Dividend Aristocrats are among the best stocks to buy and hold for the long run. Broadly speaking, to…
Read MoreWill Tesla Charge Gold With Energy?
Tesla has supported the price of Bitcoin, but it can affect gold as well. The bull market in cryptocurrencies continues. As you can see in the chart below, the price of Bitcoin has recently increased to almost $47,000 (as of February 10). The parabolic rise seems to be disturbing, as such quick rallies often end […]
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Read MoreCredit Suisse launches UCITS cat bond fund, with Gawron & Brogli hires
Credit Suisse’s Insurance Linked Strategies team has its first UCITS catastrophe bond fund offering, after hiring the team that ran the Lombard Odier cat bond strategy and merging its fund into a new Credit Suisse fund product. The arrangement sees the UCITS catastrophe bond fund that had been launched by Lombard Odier Investment Managers (LOIM),…
Read MoreThese are the 10 largest landowners in the US in 2020
The United States is the fourth-largest country in terms of landmass, next in size after Russia, Canada and China. Though more than a quarter of land belongs to the U.S. government, a significant portion of land is owned by a few wealthy families and groups. As per the Land Report, the top 50 landowners in […]
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Read MoreWorld Bank & its members see real benefits of ILS: Bennett, ILS NYC 2021
The World Bank sees the insurance-linked securities (ILS) sector providing significant benefits for member country governments, but elements of the catastrophe bond structure could be adapted to make it an even more attractive tool for sovereign disaster risk financing. This is according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury, who…
Read MoreCEA looks for $150m+ of quake reinsurance with Ursa Re II 2021 cat bond
The California Earthquake Authority (CEA) is back in the catastrophe bond market with its first transaction of 2021, seeking at least $150 million of fully collateralized earthquake reinsurance protection through this Ursa Re II Ltd. (Series 2021-1) issuance. The California Earthquake Authority (CEA) is one of the larger sponsors of catastrophe bonds, collateralised reinsurance and…
Read MoreNon-CAT ILS is “well and truly out of the bottle” – MultiStrat
As pressure on reinsurance rates intensifies, alternative capital seeks yield, and appetite broadens beyond the catastrophe space, the adoption of casualty insurance-linked securities (ILS) is poised to accelerate, according to MultiStrat, the specialist underwriter, and reinsurance investment facilitator. The combined effects of rate increases and capacity constraints drive innovation in the ILS market and expand…
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