Financial
RenRe’s third-party capital fee income soared 27% in 2020
RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, saw a 27% increase in fee income earned from its third-party capitalised and managed joint-ventures and insurance-linked securities (ILS) funds, with growing capital under management and performance in the final-quarter seemingly key drivers. RenaissanceRe (RenRe) revealed it had raised fresh capital for the January 2021…
Read MoreWhat Is the Worst Price Crash That Is Within the Realm of the Reasonable?
I wrote last week about some comments made by Ben Inker, the head of asset allocation at GMO, in a recent interview. In another section of the interview, he spoke about how bad things could get in a price crash. He referred to losses of “30 or 40 or 50 percent.” Q4 2020 hedge fund […]
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Read MoreExposure database for Indonesia, Philippines & Thailand launched by PERILS
PERILS AG has launched an industry exposure database for three Asian countries, Indonesia, the Philippines and Thailand, but instead of being reported exposure from insurers, the company has aggregated information from stakeholders, including reinsurers, brokers and modelers to create the database. As a result, these are effectively industry exposure levels that are extrapolated from the…
Read MoreRyan Re names Issavi CEO & Boornazian Chairman
Ryan Re Underwriting Managers, LLC, (Ryan Re) a reinsurance focused subsidiary of Ryan Specialty Group (RSG), has named former Aspen exec Emil Issavi as Chief Executive Officer and President, while Brian Boornazian has become Executive Chairman. Ryan Re is an RSG affiliated reinsurance managing general underwriter and was previously led by Brian Boornazian (the former…
Read MoreUniversal’s Cosaint Re cat bond target lifted to $150m, while pricing drops
The first catastrophe bond to be sponsored by Florida headquartered insurer Universal Insurance Holdings looks likely to upsize with the target now lifted by 50% to $150 million, while at the same time the price guidance for the Cosaint Re Pte. Ltd. (Series 2021-1) transaction has been lowered. Universal entered the catastrophe bond market for…
Read MoreTransRe names Brandt to succeed departing Sapnar as President & CEO
TransRe, the global reinsurance arm of Alleghany Corporation, has announced that it is promoting Ken Brandt to President and Chief Executive Officer (CEO), as incumbent Mike Sapnar has announced his intention to depart the company. Sapnar joined TransRe in 1995, working as a specialty casualty underwriter, underwriting D&O, E&O and Medical Malpractice. Between 1998 and…
Read MoreCuraleaf (OTCMKTS:CURLF) leads the way in global cannabis adoption
Global cannabis adoption is accelerating at a rapid rate, with Mexico the latest country to legalize recreational use and ongoing investments by cannabis firms to expand into new markets. Curaleaf Holdings Inc (OTCMKTS:CURLF), the biggest cannabis firm in the U.S., struck a deal to enter the European market last week. Q4 2020 hedge fund letters, […]
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Read More60% In Favor Of Student Loan Forgiveness
60% In Favor of Student Loan Forgiveness, With Another 22% on the Fence Q4 2020 hedge fund letters, conferences and more Student loan debt is now the issue dominating the nation’s attention. Invisibly polled 1141 Americans using it’s Realtime Research polling tool to learn their opinions on forgiving student loan debt. Here’s What Invisibly Learned: […]
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Read More4 B2B Payments Practices To Retire In 2021
It’s no secret that B2B companies, compared to their B2C counterparts, are typically late adopters of technology. But this year has shown us that certain technologies, like payment automation, can no longer be relegated to the back burner. Q4 2020 hedge fund letters, conferences and more To keep up, it’s vital to assess which payment […]
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