Financial
RV Capital 2020 Year-End Commentary: A Short Attack on Grenke
RV Capital letter to investors for the year ended December 31, 2020, discussing the correct place to apply margin of safety. Q3 2020 hedge fund letters, conferences and more Dear Co-Investors, The NAV of Business Owner was €872.11 as of 30 December 2020. The NAV increased 17.3% since the start of the year and 779.0% […]
The post RV Capital 2020 Year-End Commentary: A Short Attack on Grenke appeared first on ValueWalk.
Read MoreAXIS adds $125m of COVID losses, up to $80m cat losses from Q4
AXIS Capital, the Bermuda headquartered global specialty insurance and reinsurance firm, has pre-announced catastrophe losses for the fourth-quarter of 2020, revealing $125 million of additional impacts from the COVID-19 pandemic and up to $80 million from natural catastrophes during the period. The fresh COVID-19 losses takes AXIS Capital’s total for the pandemic to $360 million…
Read MoreGold Price Drops Amid Stimulus And Poor Data
The price of gold has dropped further amid incoming U.S. President Joe Biden’s fiscal stimulus and poor economic data, which is a bearish sign. Q3 2020 hedge fund letters, conferences and more The Drop In Gold Prices The weakness in the gold market continued last week. As the chart below shows, the London P.M. Fix […]
The post Gold Price Drops Amid Stimulus And Poor Data appeared first on ValueWalk.
Read MoreIntegral ILS gets investment from New Holland Capital
Integral ILS Ltd., the start-up insurance-linked securities (ILS) fund manager launched by industry execs Richard Lowther and Lixin Zeng, has announced a second cornerstone investor for its new catastrophe reinsurance focused strategy, with long-time ILS investor New Holland Capital making a commitment to the firm. With the new commitment from New Holland Capital, Integral ILS…
Read MoreDividend Income Summary: Bert’s December 2020 Summary | New Record!
Wow. 2020 was one CRAZY year. For so many reasons. However, for us, the name of the game is dividend investing and growing your passive income. Lanny and his wife earned almost $5,500 in dividend income December. That is a tough act to follow. However, we are excited to report that December was a RECORD…
Read MoreClimate change may increase hurricane damage & losses: AIR-led report
Climate change and the future state of our climate may mean increased damage and ultimately insurance and reinsurance market losses from hurricanes, as more frequent storms and sea-level rise ramp up storm surge impacts in particular. This is the conclusion of a study undertaken by risk modeller AIR Worldwide, insurance and reinsurance firm AXIS Capital…
Read MoreWas Buy-and-Hold Just a Money-Making Scheme Going Back to the First Day?
There’s a temptation to believe that Buy-and-Hold was just a money making scheme from the start. Q3 2020 hedge fund letters, conferences and more Price Discipline Is Key Common sense tells us that market timing must work. Price discipline is key to the functioning of every market that ever existed. The entire historical record shows […]
The post Was Buy-and-Hold Just a Money-Making Scheme Going Back to the First Day? appeared first on ValueWalk.
Read MoreHannover Re lifts Seaside Re catastrophe bonds to $136.4m for 2021
Hannover Re, the German headquartered global reinsurance firm, has facilitated another three Seaside Re private catastrophe bond transactions around this January 2021 renewals, taking the total seen to $136.4 million across ten transactions. As we explained yesterday, we had seen the first seven of these transactions, as Hannover Re’s Bermuda based reinsurance transformer vehicle Kaith…
Read MoreBGC renames re/insurance unit Corant Global
BGC Insurance (BGCI), the insurance and reinsurance broking, MGA and underwriting units of BGC Partners, has been rebranded as Corant Global. BGC is a brokerage, advisory and financial technology company, which has been aggregating insurance and reinsurance interests in recent years. Most relevant of these for our audience are reinsurance and specialty broker Ed, as…
Read More