Financial
Some ILS fund November returns dented by Australia hail & severe weather
A number of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions that are exposed to catastrophe events in Australia have reported negative performance for November on the back of reserving for hail storms and severe weather, we understand. In particular, losses from the Queensland, Australia hail storms that struck on the night of October…
Read MoreSuper Stock Case Study: Rightmove PLC (RMV)
Rightmove Plc (LON:RMV) operates a property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. Q3 2020 hedge fund letters, conferences and more The New Homes segment provides property advertising services to new home developers and […]
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Read MoreElevation Re launched as first run-off reinsurance sidecar by Premia
Premia Holdings, the global run-off and legacy reinsurance specialist underwriter, has become the first run-off player to bring additional capital into its business using a collateralized reinsurance sidecar structure, with the launch of Elevation Re. A number of run-off and legacy insurance and reinsurance players have been exploring the use of sidecar structures to bring…
Read MoreStone Ridge added non-cat reinsurance investments in 2020: CEO Stevens
Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), successfully expanded the remit of its reinsurance and ILS investments to include non-catastrophe risks this year. Almost a year ago we revealed that Stone Ridge Asset Management was set to broaden…
Read MorePhoenix 1 Re, a Singapore SPRV, in $42.14m private ILS issuance
A new Singapore domiciled insurance-linked securities (ILS) transaction has come to light, after a recently registered Special Purpose Reinsurance Vehicle named Phoenix 1 Re Pte. Ltd. issued and listed almost $42.14 million of private ILS notes. At this stage we’re not sure if the Phoenix 1 Re Pte. Ltd. issuance represents a catastrophe bond, a…
Read MoreAstraZeneca’s Vaccine Candidate Approved By The U.K.
Commenting on AstraZeneca’s Vaccine Candidate being approved in the U.K. and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more AstraZeneca’s COVID Vaccine Candidate Approved For Emergency Use The major indices are all trading modestly higher at midday, erasing part of their intraday losses from yesterday. Small-caps bounced […]
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Read MoreShelby Davis: $50,000 to $900 Million Starting At Age 38
Updated on December 30th, 2020 by Bob Ciura Shelby Davis did not start investing until he was 38. He started investing with $50,000. But by the time of his death, he amassed a $900 million fortune and joined the list of the Forbes 400 wealthiest individuals. He made his fortune investing heavily in insurance stocks.…
Read MoreHow AI Is Affecting Personal Finance
The COVID pandemic has thrown us for a loop. The ups and downs of the economy over the past year, not to mention the volatile nature of the job market, have put personal finance at top of mind for many of us. Fortunately, there is a wide range of tools available to help us budget, […]
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Read MoreMcConnell Blocks Efforts To Raise Coronavirus Stimulus Checks Amount To $2000
The second coronavirus stimulus checks are finally on their way, but the amount of $600 is much less than many would have expected. Though efforts are underway to raise the coronavirus stimulus checks amount to $2,000, Senate Majority Leader Mitch McConnell continues to block it. Q3 2020 hedge fund letters, conferences and more McConnell blocks […]
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