Financial
Coronavirus stimulus checks: Pelosi says deal likely, but either before or after election
Americans have been waiting eagerly for another round of stimulus checks for the past few months. But, so far, the only thing they have received has been disappointment from the lawmakers. The last hope for a stimulus package before the election hinged on the ongoing negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven […]
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Read MoreTesla’s Positive Earnings Give Industries A Pre-Market Boost
Commenting on Tesla’s positive earnings surprise and today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Tesla’s Positive Earnings Surprise Gives Industries A Pre-Market Boost The major indices are all trading slightly lower at midday following a very volatile and morning session on Wall Street. Today’s earnings reports […]
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Read MoreCat bond activity to pick up, issuance conditions attractive: GC’s Des Potter
Cat bonds are set to buck the trend elsewhere in the ILS market, with a strong issuance pipeline for Q4 2020 and Q1 2021. This is according to Des Potter, managing director ILS origination and structuring at GC Securities, part of Guy Carpenter, in an interview with Artemis. Encouraged by the firming of reinsurance and…
Read MoreBetterment Unveils New Socially Responsible Investment Offerings
Climate Impact, Social Impact, and an updated core socially responsible investing portfolio immediately available to all Investing customers Q3 2020 hedge fund letters, conferences and more NEW YORK, October 22, 2020 — Betterment, a smart money manager, today announced new Socially Responsible Investment (SRI) portfolio offerings that will allow customers to invest for environmental and […]
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Read MoreGlassHouse: Columbia Sportswear Company Headed for Rocky Fall
GlassHouse Research’s short report on Columbia Sportswear Company. Q3 2020 hedge fund letters, conferences and more Who is GlassHouse Research? GlassHouse Research (GHR) purpose is to expose public companies that have been taking advantage of US GAAP as well as IFRS accounting for their benefit. We seek to find companies where GAAP (or even worse, […]
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Read MorePartnerRe hires Hughes from Hiscox ILS as its CEO for Third Party Capital
PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, is set to make third-party capital an even more central component of its business model, with the hiring of Andrew Hughes from Hiscox ILS, who will take on the role of CEO Third Party Capital. Hughes worked as General Counsel and Chief Compliance Officer at Hiscox’s…
Read MoreAmerican Family returns for $150m Four Lakes Re 2020-1 cat bond
American Family Mutual Insurance Company has returned to the 144A catastrophe bond market for the first time since its two fated late 2010 Mariah Re deals, as the carrier seeks a $150 million or greater source of collateralized multi-peril reinsurance from a Four Lakes Re Ltd. (Series 2020-1) issuance. Back in late 2010, American Family…
Read MoreFidelis gets $275m of reinsurance from second Herbie Re cat bond
Fidelis is now set to secure $275 million of fully collateralised property catastrophe reinsurance from its second visit to the catastrophe bond market, as the Herbie Re Ltd. (Series 2020-2) issuance was priced at attractive levels and the sponsor seemed to value price over size in the end. Specialty insurance and reinsurance company Fidelis Insurance…
Read MoreArgo says catastrophes and COVID-19 losses to dent Q3 results
Bermuda headquartered international specialty insurance and reinsurance firm Argo Group expects third-quarter catastrophe events and additional contingency losses related to the COVID-19 pandemic will dent its upcoming results. Argo has pre-announced an estimated $54 million of natural catastrophe losses from the third quarter, which it says are primarily related to Hurricanes Hanna, Laura and Sally,…
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