Financial
Small Business Optimism Index falls more than expected
In December, small business optimism declined to its lowest level in seven months, based on the index from the National Federation of Independent Businesses. In a report, the organization said its Small Business Optimism Index fell 5.5 points to 95.9. The average reading since 1973 is 98. Q3 2020 hedge fund letters, conferences and more […]
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Read MorePfizer CEO On Covid Vaccine Manufacturing Outlook
CNBC Exclusive: CNBC Transcript: Pfizer Chairman and CEO Albert Bourla speaks with CNBC’s “Squawk Box” today about the Covid vaccine manufacturing outlook. Q3 2020 hedge fund letters, conferences and more Pfizer CEO Albert Bourla On Covid Vaccine Manufacturing Outlook MEG TIRRELL: Joining us now to discuss is one of the premier vaccine makers […]
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Read MoreTrapped collateral may persist, but new capital is out there: Willis Re execs
Trapped capital is expected to remain and pose an ongoing challenge for some investors and managers from across the insurance-linked securities (ILS) space, according to executives at Willis Re, the reinsurance arm of broker Willis Towers Watson (WTW). With conditions continuing to trend more favourably for reinsurers as the key, January 1st, 2021 reinsurance renewals…
Read MoreCapital mitigated reinsurance dislocation at 1/1, more to come on-stream: Aon
New capital helped to mitigate the dislocation of global reinsurance markets at the key January 2021 renewal season, with ample supply to meet cedent demand, while there is an expectation that additional new capital comes on-stream early this year. This is according to the latest reinsurance market report from broker Aon, who believes that capital…
Read MoreShould Trigger Warnings Be Attached to Discussions of Irrational Exuberance?
I was watching the Netflix series “The Crown” the other day and the episode that I was watching began with a trigger warning — the episode showed Princess Di struggling with her bulimia problem. The thought struck me that perhaps one way to get articles describing what the last 40 years of peer-reviewed research teaches […]
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Read More“Not a classic hard market” so rate momentum should persist (for a time)
The current firming of reinsurance is perceived as “not a classic hard market” by analysts at Peel Hunt, who after meeting with underwriters from the Lloyd’s market concluded that rate momentum should persist through 2021. Brokers also concur with this assessment, Peel Hunt’s equity analyst team said, with their main conclusion being that “rates will…
Read MoreClean slate makes reinsurance startups the best investment: Jefferies
The fact new reinsurance start-ups, the so-called Class of 2020, have no legacy portfolios of risk and so are unencumbered by recent years of catastrophe losses, exposure to the COVID-19 pandemic and issues such as social inflation, makes them the best opportunity to invest in the rising reinsurance tide, according to analysts at Jefferies. The…
Read MoreAlternative capital hit $92bn as reinsurance returned to pre-pandemic high: Aon
Global reinsurance capital levels returned to their pre-pandemic high at $625 billion by the end of September 2020, with a slight rise in alternative reinsurance capital recorded during the period by broker Aon. The insurance and reinsurance brokers latest measure of reinsurance capital around the world sees traditional reinsurance capital at a new high of…
Read MoreMetLife reinsured $2bn of longevity risk for L&G in 2020
MetLife, Inc., one of the largest life and annuities insurance groups in the world, has announced that it completed four UK based longevity reinsurance transactions with Legal & General Assurance Society Limited (Legal & General) in 2020. MetLife has been expanding its longevity risk transfer and reinsurance activities in the United Kingdom over the last…
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