Financial
Will Square Ever Pay A Dividend?
Published on December 23rd, 2020 by Aristofanis Papadatos Square (SQ) has offered life-changing returns since its IPO, in 2015. During the last five years, the stock has rallied nearly 20-fold, from $12.50 to $242. The surging stock is a result of the exceptional growth of the company and its still exciting growth potential. Income investors…
Read MoreThird re/insurance SPAC vehicle from Cohen & Co. raises $250m IPO
The third insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, or SPAC, from fixed income financial services focused investment firm Cohen & Company, LLC has now successfully completed an upsized $250 million initial public offering (IPO). The SPAC, named INSU Acquisition Corp. III, launched its IPO process targeting a $200 million public offering of…
Read MoreXRP Plunges After SEC Files Lawsuit Against Ripple
The Securities and Exchange Commission has filed a lawsuit against Ripple, which has ties to the cryptocurrency XRP. As a result, the cryptocurrency‘s price plunged by about 25% this morning to about 35 cents, according to data from CoinDesk. Q3 2020 hedge fund letters, conferences and more XRP fell by up to 17% on Tuesday […]
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Read MoreLawmakers urge IRS to send coronavirus stimulus checks to domestic violence survivors
Whether or not you get another stimulus check depends on Democrats and Republicans reaching a deal. However, some lawmakers want to send coronavirus stimulus checks to domestic violence survivors immediately. The lawmakers argue that the initial payment to domestic violence survivors was taken by their abusers. Q2 2020 hedge fund letters, conferences and more Abusers […]
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Read MoreAlternative capital’s return to growth may be slow to develop: RBC analysts
The alternative reinsurance capital and insurance-linked securities (ILS) sector may return to growth in 2021, but it may be slower than some expect, according to analysts at RBC Capital Markets. The analysts believe that losses suffered in 2o20 may be sufficient to hold back further significant growth of the ILS market and alternative capital levels…
Read MoreQuota share & ILW use rises in Bermuda, ILS use flat
The latest catastrophe risk and stress testing analysis by the Bermuda Monetary Authority (BMA) of its property and casualty insurance and reinsurance market shows up some interesting trends in the use of specific types of hedging, reinsurance and retrocession arrangements. Having surveyed its marketplace based on 2019 data, the results show that the mix of…
Read MoreHudson Structured behind $200m target re/insurance SPAC Kairos
Hudson Structured Capital Management Ltd. has entered the Special Purpose Acquisition Company, or SPAC marketplace, with a new insurance, reinsurance and insurtech focused company named Kairos Acquisition Corp. that will target raising $200 million or more in its initial public offering (IPO). It’s no surprise to see Hudson Structured Capital Management, the Michael Millette founded transportation,…
Read MoreArch completes fourth Bellemeade mortgage ILS of 2020 at $321m
Arch Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has now completed its fourth mortgage insurance-linked securities (ILS) issuance of 2020, closing the Bellemeade Re 2020-4 Ltd. issuance at $321 million in size. Arch Capital returned to the capital markets for a fourth Bellemeade Re mortgage insurance-linked securities (ILS) issuance of 2020…
Read MorePublic Storage Outed Elliott Management’s Plans
In a sign of how aggressively campaigns may be waged next year, Public Storage outed Elliott Management’s plans to advance a six-person slate to its board last week, citing a litany of metrics that pointed to the company’s growth and announcing three new board members. Q3 2020 hedge fund letters, conferences and more Elliott’s Psuh […]
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