Financial
Short sellers Down $5.5Bn On US Positions In November
The latest analysis from Ortex Analytics which finds that short sellers have lost $5.5bn on US positions in November so far. Q3 2020 hedge fund letters, conferences and more Biden victory and prospect of a Covid-19 vaccine sent global stock markets soaring on 9th November Analysis by Ortex Analytics suggests many short sellers were caught […]
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Read MoreIndustry losses from western U.S. wildfires seen beyond $8bn by Aon
Insurance and reinsurance industry losses from wildfires burning across western U.S. states including California, Oregon and Colorado are together expected to have already reached beyond $8 billion, according to the latest report from Aon’s Impact Forecasting. The insurance and reinsurance broker’s catastrophe risk modelling, analytics and meteorology unit expects that the economic losses from the…
Read MoreProgram & fronting specialist Obsidian gets A- rating for E&S lines carrier
Obsidian Insurance Holdings, Inc., a recently launched program and fronting insurance holding company, has announced the A- A.M. Best rating of its excess and surplus (E&S) lines carrier. Obsidian Specialty Insurance Company was recently formed to help Obsidian expand its offering, which sees the company fronting insurance programs for a range of reinsurance capital providers.…
Read MoreMS&AD backed Vortex launches instant parametric rain insurance
Vortex Insurance Agency, a specialist parametric insurance and weather risk transfer agency backed by the MS&AD group’s Mitsui Sumitomo and a subsidiary of MSI GuaranteedWeather, LLC, has launched a new online portal through which businesses can buy parametric rainfall insurance instantly. Vortex is a front-end distributor of parametric weather insurance products for MSI GuaranteedWeather, which…
Read MorePredictions For The Venture Capital Space For 2021
As we approach the end of the year, below are some thoughts from the partners at Rocketship.vc, a Silicon Valley firm using data analytics to identify investments, on the predictions for the venture capital space for 2021. Q3 2020 hedge fund letters, conferences and more Predictions For The Venture Capital Space Investment strategies will become […]
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Read MoreVisa CEO Alfred Kelly On The Motivation Behind Plaid
CNBC Transcript: CNBC’s Carl Quintanilla Interviews Visa Chairman And CEO Alfred Kelly from the CNBC Evolve Summit today Q3 2020 hedge fund letters, conferences and more WHEN: Today, Tuesday, November 10 WHERE: The CNBC Evolve Summit Following is the unofficial transcript of a CNBC interview with Visa Chairman and CEO Alfred Kelly live from the […]
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Read MoreNew pools of capital will look to evolving parametric market: AmWINS Kaplan
The parametric insurance and risk transfer market is evolving rapidly and its ability to provide what are perceived as cleaner contract terms, as well as greater certainty, looks set to be increasingly attractive to alternative sources of reinsurance capital. The parametric insurance marketplace is more than twenty year’s old. In fact the first parametric catastrophe…
Read MoreAllied World looks to upsize first cat bond by one-third to $200m
Allied World Assurance Company (AWAC), a global insurance and reinsurance company and part of the Fairfax Financial group, aims to increase the size of its first catastrophe bond deal, with the 2001 CAT Re Ltd. (Series 2020-1) multi-peril issuance now targeting $200 million of reinsurance limit for the company. That’s an increase of one-third on…
Read MoreGlobal insurance premiums to return to growth in 2021: Swiss Re
Reinsurance giant Swiss Re is forecasting that global insurance premiums will return to growth in 2021, after having contracted in 2020 due to the effects of the COVID-19 pandemic. The Chinese insurance market continues to show the most promise, with Swiss Re forecasting that premiums will rise by an estimated 10% in non-life next year,…
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