Financial
The future of frequent flyer travel rewards in a COVID-19 vaccinated world
Using miles for travel has been all but impossible for most of 2020. But vaccines will gradually open up options and opportunities for savvy travellers and businesses along the way, writes Marc Terrano. Q3 2020 hedge fund letters, conferences and more The travel industry has reason to be quietly optimistic about the future as we […]
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Read MoreValuing Paypal Holdings Inc (PYPL) With Elliot Turner
During his recent interview with Tobias, Elliot Turner, Managing Partner at RGA Investment Advisors and Twitter guru discussed Valuing Paypal Holdings Inc (NASDAQ:PYPL). Here’s an excerpt from the interview: Q3 2020 hedge fund letters, conferences and more Valuing Paypal Holdings Tobias: Right. I want to change gears a little bit because we’re going to run out […]
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Read MoreU.S. adds more Chinese firms to Commerce Dept. blacklist
The U.S. is reportedly planning to blacklist dozens of Chinese companies in what’s seen as one of President Donald Trump’s final moves to cement his legacy as being tough on China. Sources told Reuters that the Commerce Department is planning to add about 80 more companies to its trade blacklist, and almost all of them […]
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Read MoreIvy Re sidecar helps Global Atlantic on $8.5bn reinsurance deal with Unum
United States life, retirement and annuities insurance and reinsurance company Global Atlantic continues to deploy capital from its co-investment vehicle named Ivy, which operates like a sidecar structure, with the structure participating in an $8.5 billion reinsurance transaction with Unum Group. The reinsurance transaction featured a closed block of seasoned individual disability income business backed…
Read More2020 Kyushu rain/flood & Japan typhoon Haishen losses near US $1.7bn
According to the General Insurance Association of Japan (GIAJ) insurance market losses from the July 2020 heavy rainfall event that caused widespread impacts and flooding in Kyushu and typhoon Haishen in September add up to around US $1.7 billion. The heavy rainfall event caused widespread impacts from flooding after record-breaking rainfall struck the prefectures of…
Read MoreInstitutional investors have “pent-up demand” for alternatives: Eaton Partners
A survey of institutional investors by Eaton Partners found that the majority are looking to increase their allocations to private capital market type asset classes in 2021, citing “pent-up demand” among investors but also a desire to seek out asset managers with strong track-records. Institutional investors are going to be looking to take advantage of…
Read MoreDescartes hires Daniel Vetter from Swiss Re CorSo to lead US expansion
Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has made a key hire in Daniel Vetter who will lead the firms expansion in North America. Descartes announced an $18.5 million Series A funding round from leading global venture capital firms Serena, Cathay Innovation…
Read MoreProperty cat renewal rates: Euro up to 5%, US up to 15%, Retro 15-20% (agg 35%+)
After meeting virtually with Bermuda-based reinsurance companies and brokers, analysts at KBW said that they expect the renewal outcome to be generally positive, with satisfactory rate increases expected, but nothing spectacular. The analysts provided some insights into where Bermuda based reinsurance carriers and their brokers expect to see property catastrophe rates rise and by how…
Read MoreQBE says catastrophes eat “well into” aggregate reinsurance program
QBE, the Australian headquartered global insurance and reinsurance group, said it expects to fall to a roughly $780m after tax loss for the fiscal-year 2020 and that its catastrophe costs have eaten “well into” its aggregate reinsurance program. QBE said that it expects its full-year results to be hit by around $470m of COVID-19 costs,…
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