Financial
UK Gov launches tax consultation to make ILS rules more competitive
The UK Government’s HM Revenue & Customs (HMRC) has launched a new consultation on the tax treatment of insurance-linked securities (ILS) in a bid to enhance the competitiveness of the UK ILS regulatory and tax regime. The UK introduced its insurance-linked securities (ILS) regime in 2017, the UK’s Risk Transformation Regulations, which govern ILS issuances…
Read MoreActivists Call for Congress To Rescind “Fake Lender” Rule
Days Before Crucial Deadline, Americans for Financial Reform Joins Over 300 Groups Call for Congress to Rescind “Fake Lender” Rule that Facilitates Predatory Loan Schemes Q4 2020 hedge fund letters, conferences and more Only a majority vote in Congress would be needed to overturn rule that helps triple-digit interest rate loans evade state and voter-approved […]
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Read MoreInvestor Gains, Not Losses, In Fossil Fuel Divestment
BlackRock and Meketa find investor gains, not losses, in fossil fuel divestment Q4 2020 hedge fund letters, conferences and more March 22, 2021 (IEEFA) ⎼ Two major financial management firms, BlackRock and Meketa, have separately concluded that investment funds have experienced no negative financial impacts from divesting from fossil fuels. In fact, they found evidence […]
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Read MoreThe Hartford rejects Chubbs acquisition offer
The Board of insurer The Hartford has rejected the acquisition offer made recently by larger rival Chubb, saying that its Board concluded that the deal was not in the best interests of the company and its shareholders. Last week, global primary insurance carrier and reinsurance company Chubb has confirmed that it made a roughly $23.24…
Read MoreIFRS Working Group Is A ‘Logical Next Step’
GRI response on process towards enterprise value creation reporting standards Q4 2020 hedge fund letters, conferences and more Amsterdam, 22 March 2021 – On 8 March, the IFRS (International Financial Reporting Standards) Foundation Trustees updated on their strategic direction to strengthen financial corporate reporting, by taking account of the financial opportunities and risks of sustainability impacts on enterprise […]
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Read MoreOasis gets industry backing for Loss Modelling Framework & open source standards
Oasis, the open source catastrophe risk modelling platform, has received significant backing from insurance and reinsurance sector leading firms for the continued development and expansion of its Oasis Oasis Loss Modelling Framework and open source standards. Among the backers are leading insurance and reinsurance brokers and underwriting companies: Aon, Allianz, AXA, Chubb, Guy Carpenter, Hannover…
Read MoreWhy I Am Obsessed With The Topic Of Stock Valuations
I am obsessed with the topic of stocks valuations. Prior to May 13, 2002, I never wrote about stock investing. I wrote about effective saving strategies and I was an extremely popular poster on the internet. From May 13, 2002, forward, I have written only about stock valuations and I am so unpopular that I […]
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Read MoreRed Cross cat bond demonstrates Guernsey’s ILS credentials: Aon
The recent completion of the world’s first pure volcanic risk catastrophe bond is a demonstration of Guernsey’s insurance-linked securities (ILS) credentials, Paul Sykes, Managing Director at Aon has said. The volcano catastrophe bond, which was issued on behalf of sponsoring organisation the Danish Red Cross, was domiciled in Guernsey and drew on various areas of…
Read MoreCorant hires Stratton from RFIB to lead Bermuda reinsurance broking
Corant Global, the rebranded BGC Insurance arm, has announced the establishment of a Bermuda reinsurance broking operation, with Kevin Stratton hired from RFIB to lead the unit. Stratton brings over 30 years of speciality insurance and reinsurance expertise to Corant. At RFIB he held the role of managing director and led all specialty non-marine classes…
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