Financial
Lloyd’s vehicle “reaffirms ILS potential of the London Market” – Perez, Horseshoe
The approval and launch of Lloyd’s of London’s first insurance-linked securities (ILS) structure under the UK ILS regulations that came into force in late 2017 “reaffirms the ILS potential of the London Market”, according to Horseshoe CEO Andre Perez. Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration and insurance-linked securities (ILS) specialist, has been…
Read MoreConduit Re writes $160m of premium, secures own cat reinsurance program
New reinsurance start-up Conduit Re has underwritten $160 million of premiums at the January 2021 reinsurance renewals and placed its first catastrophe reinsurance program, the company explained this morning. Conduit said that the portfolio underwritten consists of a targeted series of January attaching contracts, with a significant focus on quota share reinsurance business. It believes…
Read MoreLloyd’s ILS vehicle London Bridge Risk PCC approved for use
Lloyd’s has this morning announced that it has finally received all necessary approvals from regulators to set up its new multi Insurance Special Purpose Vehicle (mISPV), which is named London Bridge Risk PCC Ltd. The application for the registration of the UK domiciled mISPV structure, a protected cell company allowing for the transfer and trading…
Read MoreAetna returns for twelfth Vitality Re health insurance ILS, targets $200m
Aetna, the health, medical and benefits insurance arm of CVS Health, is back in the insurance-linked securities (ILS) market with what will be the firms twelfth sponsorship of a Vitality Re, health insurance linked catastrophe bond structure, seeking $200 million of reinsurance from a Vitality Re XII Ltd (Series 2021) transaction. Aetna’s Vitality Re series…
Read MoreRenRe reports $170m cat & $175m COVID (largely property) losses in Q4
RenaissanceRe, the Bermuda headquartered specialty re/insurer and third-party reinsurance capital manager, has pre-announced an expected $345 million of losses from natural catastrophes and COVID-19 suffered during the fourth-quarter of 2020. As a result of these losses, RenaissanceRe (RenRe) says that when it announces its Q4 2020 results in the coming weeks it expects to report…
Read MoreAI predictive model foresees spike in U.S. political violence
AI predictive model foresees spike in U.S. political violence, country risk in Q3-4 after “brief respite” Q3 2020 hedge fund letters, conferences and more GeoQuant’s “Year Ahead Report” predicts vaccine success, sweeping tech and Bitcoin regulation, opening of China Cold War, America’s deepening polarization and “EM-ification” — politics looking more and more like a “developing […]
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Read MoreStocks Edge Higher as House Approves Trump’s Impeachment
Commenting on the House approving Trump’s impeachment and today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more The Underlying Bullish Trend Confirmed Despite the mixed day for stocks today’s low-volatility consolidation was confidence-boost for bulls. The dollar pushed higher while overseas risk assets struggled today, so the fact […]
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Read MoreBitcoin: Magic Internet Money
Bitcoin: Magic Internet Money By Alex Pickard, Research Affiliates Q3 2020 hedge fund letters, conferences and more Key Points Always know what you are investing in. Bitcoin is not a capital asset or a store of value. The price of BTC is nearly certainly a bubble and likely manipulated. “Know what you are investing in” […]
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Read MoreWhy Nvidia Is My “Slam Dunk” Investment for the Decade
Why Nvidia Is My “Slam Dunk” Investment for the Decade by Stephen McBride What was the most important financial event of 2020? Most folks would tell you it was the coronavirus pandemic and the economic devastation caused by government lockdowns. Q3 2020 hedge fund letters, conferences and more But that’s wrong. For investors, the most […]
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