Cyber ILS need to be repeatable, scalable & sensible: Johansmeyer, PCS

The increasingly sophisticated participants within the insurance-linked securities (ILS) market aren’t going to lap up just any cyber exposure that comes their way, the deals have to make sense, according to Tom Johansmeyer, Head of PCS. Cyber risk is a rapidly growing exposure which can accumulate in ways that suggests the potential for truly significant…

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Monero and other privacy cryptocurrencies: Buy or pass?

privacy cryptocurrencies

Several privacy-oriented cryptocurrencies have had an exceptionally good year so far price-wise, and they have been roundly outperforming Bitcoin. Q3 2020 hedge fund letters, conferences and more The best-known privacy cryptocurrency, Monero (XMR), is up about 80% against Bitcoin this year, and the second best-known, Zcash (ZEC), is up about 50% against Bitcoin. Although it’s […]

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Coronavirus stimulus checks: Is Trump taking ‘huge’ risk with deal before election?

risk Senators Coronavirus stimulus checks speed up Unemployment Highsecond COVID-19 wave coronavirus stimulus checks $1200 Coronavirus stimulus checks agreement

President Donald Trump has always talked in favor of a large coronavirus stimulus package. Even now with days left until the election, he is talking about a stimulus package bigger than what Democrats are proposing. However, there are some who believe that Trump is taking a massive political risk by pushing for a coronavirus stimulus […]

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Above average 2020 catastrophe losses driven by frequency: Jefferies

Insured catastrophe losses around the globe continue to run ahead of average for 2020 after September, analyst firm Jefferies said, explaining that because frequency appears to be the main driver of losses this year it is likely primary carriers will retain a significant proportion of the costs so far. However the pressure on aggregate reinsurance…

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Coronavirus stimulus checks: Pelosi walks back the Tuesday deadline, sets new timeline

coronavirus stimulus check Pelosi timeline

Over the weekend, it was reported that House Speaker Nancy Pelosi set a Tuesday deadline for the stimulus bill agreement. But, when Tuesday arrived, Pelosi suggested there wasn’t any deadline. Instead, she set a new Election Day timeline for the coronavirus stimulus package and checks. Q3 2020 hedge fund letters, conferences and more Coronavirus stimulus […]

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Root, the auto insurtech targeting a $1bn+ IPO, uses ILS for aggregate reinsurance

Root Insurance, the auto insurtech company, has said in its initial public offering (IPO) documentation that it uses insurance-linked securities (ILS) backed reinsurance capacity to help it manage volatility in its business. Root Insurance is looking to raise just over $1 billion, including concurrent private placements related to the IPO, which could value the insurtech…

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Genworth back for second mortgage ILS, $350m Triangle Re 2020-1

Genworth Mortgage Insurance, the mortgage insurer subsidiary of Genworth Financial, is back in the capital markets for its second mortgage insurance-linked securities (ILS) issuance, with a $350 million Triangle Re 2020-1 Ltd. deal. Genworth first tapped the capital markets for mortgage reinsurance capacity in November 2019, successfully sponsoring its first mortgage ILS with a $302.8…

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Kathleen Reardon appointed CEO of Hiscox Re & ILS

Hiscox Re & ILS, the global reinsurance and insurance-linked securities (ILS) division of the Hiscox Group, has announced the hiring and appointment of well-known industry executive Kathleen Reardon as its new CEO. Reardon departed from her CEO role at Hamilton Re, the reinsurance focused operations of Hamilton Insurance Group, earlier this year. Now, she has…

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