Financial
Suncorp’s aggregate retention eroded as Australian cat losses escalate
Australian primary insurance giant Suncorp revealed an estimated $348 million to $408 million of catastrophe losses for the first four months of its financial year, significantly eroding the deductible under its aggregate catastrophe reinsurance program even before the main catastrophe season in Australia begins. Typically, the main catastrophe loss activity portion of the year runs…
Read MoreBeazley to use reinsurance to manage 2021 mid-teens growth target
Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has had its business plan approved for 2021 by Lloyd’s and is targeting mid-teens growth. The company is planning to grow across much of its book, including more volatile lines of business, but noted today that it will user reinsurance to help in managing that…
Read MoreSCOR’s cat claims come in under budget, with retro program assistance
France headquartered global reinsurance company SCOR has reported its Q3 results today and revealed that, despite the high frequency of natural catastrophe claims in the United States, the reinsurers nat cat ratio stands under budget. SCOR has reported slower premium growth than its competitors this year, reporting gross premiums up 2.3% at constant exchange rates…
Read MoreWill Alphabet Stock Ever Pay A Dividend?
Updated on November 5th, 2020 by Nate Parsh Income investors can find quality dividend stocks from a wide range of market sectors, such as health care, utilities, and consumer staples. However, the technology sector still includes many large-cap stocks that do not pay dividends to shareholders. Alphabet (GOOG) (GOOGL) is one of the ~90 stocks…
Read MoreAlpine Capital Research 3Q20 Commentary: A Value Depression Opportunity
Alpine Capital Research commentary for the third quarter ended September 2020, titled, “A Value Depression Opportunity.” Q3 2020 hedge fund letters, conferences and more Investors have much to worry about today: a global pandemic, severe recession, and a polarizing election. Yet, we believe these events will soon recede into the rearview mirror of American history, […]
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Read MoreIf You Had To Own One Company For A Generation…
I have often been asked to name my best idea by people who have not heard much about me apparently. Regular readers know that I am a very big fan of diversification. I like owning a lot of quality companies, purchased at attractive valuations, which I can then hold on for decades. I rarely sell. […]
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Read MoreDaily Rituals of History’s Most Successful People
“My daily rituals: I wake up at 4 AM and sleep at 10 PM. In the morning, I create knowledge. In the afternoon, I acquire knowledge. In the evening, I eliminate irrelevant information. In the night, I prepare for the next day.” – Professor M.S. Rao Q3 2020 hedge fund letters, conferences and more There […]
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Read MorePost-Election Rally Led By Mega-Cap Tech Stocks Continues
Commenting on the post-election rally and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more A Post-Election Rally Continues The major indices are trading significantly higher at midday as the post-election rally, led by mega-cap tech stocks, continues on Wall Street. The Nasdaq added more than 2% to […]
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Read MoreEckert & Carvey to raise $1.1bn for listed reinsurer Conduit Re
Neil Eckert of Brit and IFEX fame and Trevor Carvey formerly of Markel have teamed up to launch a $1.1 billion London Stock Exchange listed IPO fund raising for Conduit Holdings, a new reinsurance entity likely to go by the name of Conduit Re. Conduit Holdings has published its intention to float on the London…
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