Financial
Coronavirus stimulus checks: Many Senators object to White House’s latest offer
Even though the negotiations are still on and the White House has increased their offer, it is still very unlikely that there will be another coronavirus stimulus package or checks before the November election. This is because several Senators don’t seem happy with the White House raising their offer to $1.8 trillion for the coronavirus […]
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Read More5 Tips On Managing Personal Finance
Do you suck when it comes to managing your finances? It might look easy, but it requires a thought process. There is no magic formula for successfully managing finances, but with effort and some planning in mind, one can learn the art of improving money handling. There are many ways to handle the finances from […]
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Read MoreCOVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale
Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW’s) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss warranty (ILW) focused mutual…
Read MoreSeasonality hits rates, but cat bond hard market to persist: Lane Financial
Catastrophe bond and insurance-linked security (ILS) rates-on-line retreated during the third-quarter of 2020, as the expected effects of seasonality hit one of the market benchmarks, the synthetic ILS rate-on-line Index calculated by Lane Financial. Despite the clear retreat in rates, as they tumbled by almost 18% during the quarter, ILS focused consultancy Lane Financial LLC…
Read MoreOngoing COVID-19 loss uncertainty to fuel reinsurance rates: Berenberg
One of the factors fuelling reinsurance rates as we move towards the end of year renewals and the key January 2021 contract signings is the ongoing uncertainty over COVID-19 and just how high the industry loss from the pandemic will rise. Analysts at Berenberg said highlighted that, for now, COVID-19 losses reported by insurance and…
Read MoreTheory reinsurance capital is highly fungible challenged: Vickers, Willis Re
The theory that reinsurance risk capital has become highly fungible in nature, which came about partly due to the advent and growth of the insurance-linked securities (ILS) market, has now been challenged, James Vickers, Chair of Willis Re International believes. The reinsurance cycle was pronounced as dead more than five years ago, something many in…
Read MoreDelta losses to fall largely to insurers, some reinsurance impact possible
Hurricane Delta made landfall in the region of Creole, Louisiana on Friday at 18:00 local time, at Category 2 hurricane strength with sustained winds of 100 mph and impacted a region already badly affected by hurricane Laura at the end of August. Image source: The Advocate. Photo by: Bill Feig/AP Having impacted Mexico’s Yucatan Peninsula…
Read MoreBest of Artemis, week ending 11th October 2020
Here are the ten most popular news articles, week ending 11th October 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Register for our mid-November reinsurance &…
Read MoreCoronavirus stimulus checks: How US response compares with rest of the world
COVID-19 has traumatized the global economy for months now. It is an unprecedented pandemic, and thus, it requires unprecedented support to overcome its impact. In March, law makers passed the CARES Act, which handed out coronavirus stimulus checks of up to $1,200 and other benefits. Most feel that the U.S. government hasn’t done enough compared […]
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