Financial
Aon’s Global ReSpecialty hires Marcus Taylor as broker
Aon’s retrocession and specialty reinsurance broking Global ReSpecialty unit of its Reinsurance Solutions division has hired Marcus Taylor, who previously held senior roles at broker Ed and IAG Re in Singapore. Marcus Taylor joined Aon’s Global ReSpecialty operation yesterday, December 2nd as a reinsurance broker based in the UK. Aon confirmed the hire with us…
Read MoreFitch changes reinsurance sector outlook to stable on hardening market
Fitch Ratings has adjusted its outlook for the global reinsurance sector to stable, from negative, citing the hardening reinsurance market as the reason for its now more positive view on the market. The rating agency had been negative on the future prospects of the global reinsurance market as recently as September, when a report said…
Read MoreERS takes over backing of Arcus 1856 syndicate from Credit Suisse ILS
Lloyd’s based specialist motor insurer ERS will now back the Arcus 1856 syndicate at Lloyd’s, taking over the operation from the Credit Suisse Insurance-Linked Strategies (ILS) team. It’s understood that Credit Suisse ILS had been looking for a buyer, or someone to step in and take over the Lloyd’s syndicates backing, as it had not…
Read MoreAXIS’ Northshore Re II 2021 catastrophe bond grows 50% to $150m
AXIS Capital has increased the size of its latest catastrophe bond issuance by 50%, as the Northshore Re II Ltd. (Series 2021-1) transaction is now set to complete at $150 million in size, with pricing now been fixed below the initial guidance. The Bermuda headquartered global specialty insurance and reinsurance firm returned to the catastrophe…
Read MoreGuy Carpenter hires Aon’s Shephard as Head of GC Access, International
Reinsurance broker Guy Carpenter has announced the hiring of Miles Shephard from Aon, who will join the company as Managing Director and Head of GC Access, International, its specialist program capacity focused unit. GC Access is dedicated to program business and works to connect managing general agents (MGA) with capacity, including enabling access to the…
Read MoreAlphabet (Google) returns for second cat bond to top up quake cover
Alphabet, Inc., the holding company for tech giant Google and its units, has returned to the catastrophe bond market in very quick succession to add a second $95 million Phoenician Re Ltd. (Series 2020-2) transaction, clearly pleased with the pricing and execution of its first. Alphabet hadonly priced its first catastrophe bond issuance, the Phoenician…
Read MoreDoes the Cleveland Fed’s Systemic Risk Indicator Predict Stress?
Cleveland Fed’s Systemic Risk Indicator is Reliable, Timely, and Valid When Predicting Stress The Cleveland Fed’s systemic risk indicator (SRI) was developed in response to the financial crisis of 2007-2009 in the hope that it could provide regulators with advance warning of conditions that might warrant a corrective response. Q3 2020 hedge fund letters, conferences […]
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Read MoreCOVID-19 Presents New Disclosure Challenges for Issuers
COVID-19 has been one of the most disruptive and potentially transformative events in a generation. Though market volatility has settled somewhat since March, the pandemic’s recent surge has once again generated economic concern and uncertainty globally. For companies, it is imperative that they handle related disclosures professionally and accurately while being adept and clever enough […]
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Read MoreExposing Bogus Retirement Savings Advice
Pamela Yellen, a New York Times best-selling author and financial investigator, has spent two decades proving that some of the advice that financial representatives commonly give their clients about retirement savings are bogus. Want to learn about three of the biggest ones? Q3 2020 hedge fund letters, conferences and more Exposing Bogus Advice That Keeps […]
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