Financial
Hurricane Eta US industry loss estimated around $550m by Aon
Insurance and reinsurance broker Aon has said that hurricane Eta has likely caused around $550 million of insurance market losses in the United States, but its economic toll in Central America was significantly higher. Hurricane Eta struck and caused extensive losses in Nicaragua in November, also impacting Honduras and Guatemala in Central America. The hurricane…
Read MoreOctober 2020 Queensland hailstorm industry loss said A$1.231bn
The insurance and reinsurance market loss from the October 2020 south-east Queensland, Australia hailstorm event has been preliminarily estimated at A$1.231 billion by PERILS AG. The hailstorm was designated as the first catastrophe to strike Australia of the 2020-21 season by the Insurance Council of Australia (ICA), with an expectation that it could drive a…
Read MoreThe 5th Anniversary Of The Paris Agreement
S&P Global Ratings’ Michael Wilkins offers comment as the Paris Agreement turns “5” this Saturday Q3 2020 hedge fund letters, conferences and more What The Paris Agreement Has Achieved So Far With the UNFCCC celebrating the 5th anniversary of the Paris Agreement this Saturday, Michael Wilkins, Global Head of Research and Analytics, Sustainable Finance, S&P […]
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Read MoreFacebook deals with antitrust cases that call for breakup
Facebook faces a pair of antitrust cases filed by 46 states, the District of Columbia and Guam, and the Federal Trade Commission. The lawsuits allege that Facebook became dominant in the social media industry through anticompetitive tactics stretching back years. Those tactics included the acquisitions of WhatsApp and Instagram, which could have become serious competitors […]
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Read More2021 Gold price outlook: Wide trading range predicted
The outlook for the gold price in 2021 is still positive, although the recent news about COVID-19 vaccines has taken a bite out of this latest brief rally. HSBC Chief Precious Metals Analyst James Steel said in a report this week that the gold price still has plenty of supports going into 2021, which is […]
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Read MoreLogica Capital November 2020 Commentary: Get Shorty
Logica Capital commentary for the month ended November 2020, discussing inflation breakevens. Q3 2020 hedge fund letters, conferences and more Logica Absolute Return – Up/Down Convexity – No Correlation Logica Tail Risk – Max Downside Convexity – Negative Correlation November 2020 Performance* Logica Absolute Return -2.1% Logica Tail Risk -3.1% S&P 500 +10.9% VIX -17.45 pts […]
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Read MoreMyths and misconceptions about financial independence and early retirement
As the financial independence and early retirement movement (or FIRE movement, for short) has gained popularity, some myths and misconceptions have sprung up about what it entails. Too many people make assumptions about what the FIRE movement is and what it’s made of. A lot of folks think the FIRE movement is cult-ish. Some think…
Read MoreFirst parametric wildfire cat bond Power Protective Re prices up 9%
The first ever parametric solely wildfire exposed catastrophe bond to hit the market, the $50 million Power Protective Re Ltd. (Series 2020-1) transaction being sponsored on behalf of a municipal water utility operating in the Los Angeles area, has seen its pricing move up by around 9% before it closed. The Power Protective Re catastrophe…
Read MoreToday’s Dip Could Be The Start Of A Multi-Day Pullback
Commenting on the possibility of a multi-day pullback and today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more The Start Of A Multi-Day Pullback Today’s spike in the Volatility Index (VIX) might mean that today’s dip was the start of a multi-day pullback. The VIX hit its highest […]
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