Financial
Leaving N.J. for Chicago gives no easy tax fix to Nasdaq, NYSE
As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens. Original Article Posted at : https://www.accountingtoday.com/articles/leaving-n-j-for-chicago-gives-no-easy-tax-fix-to-nasdaq-nyse
Read MoreDid the ILS market grow at the wrong time? – Redhead, Lancashire
Darren Redhead, chief executive of Lancashire Capital Management, acknowledges that four years in a row of trapped collateral, on the back of major natural catastrophes in 2017, 2018 and 2019 and, latterly, the uncertainty stemming from COVID-related claims, does pose a challenge. “Are we too low as a market?” he asked. “Are we reinsuring people…
Read MorePricing momentum may extend beyond 2021: Morgan Stanley
Analysts at Morgan Stanley said that pricing momentum across insurance and reinsurance may extend beyond 2021, as a return to profitability remains a priority for reinsurers, while insurance-linked securities (ILS) specialists focus on delivering sustainable returns to investors. Rate momentum in reinsurance is expected to continue catching up with primary insurance and retrocession, as the…
Read MoreAon: Reinsurers won’t cover cost of own capital, but raise new alternative capital
Broking giant Aon said that reinsurance companies included in its Aon’s Reinsurance Aggregate won’t cover their cost of capital in 2020, after loss ratios rose on the COVID-19 pandemic. But the broker also noted that some reinsurance companies have been successful in raising new alternative capital, which of course begs the question of how the…
Read MoreSidecars helped Swiss Re attract capital in difficult times: CEO Mumenthaler
The alignment inherent in the collateralised reinsurance sidecar vehicles that Swiss Re operates has helped the company to attract fresh ILS capital even during difficult times, the firms CEO Christian Mumenthaler told us. Speaking in a recent Artemis Live video interview, Mumenthaler explained how the world’s largest reinsurer Swiss Re is embracing alternative capital at…
Read MoreUniversal sees full retention losses for hurricanes Isaias and Sally
Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has announced “full retention events” for both hurricane Isaias and hurricane Sally in the third-quarter of 2020, suggesting its reinsurance has been tapped for both storms. Late yesterday the insurer pre-announced catastrophe losses from the two hurricanes, which have impacted its property portfolio during…
Read MoreAsian ILS market to benefit regional re/insurers: Fitch
The development and growth of an insurance-linked securities (ILS) market in Asia can only be a benefit to local insurance and reinsurance carriers, as well as those operating regionally, as the capital markets capacity can help them expand their ability to underwrite and diversify capacity sources, rating agency Fitch explained recently. Fitch noted in a…
Read MoreCEOs notch win as SEC adds hurdles for shareholder campaigns
Regulators are making it harder for small-time shareholders to put forth proposals aimed at cracking down on excessive pay, climate change and other corporate governance concerns. Original Article Posted at : https://www.accountingtoday.com/articles/ceos-notch-win-as-sec-adds-hurdles-for-shareholder-campaigns
Read MoreIs Investing in REITs a Viable Strategy for Dividend Income?
Published on September 23rd, 2020 by Nate Parsh Investors in search of higher yields often turn to Real Estate Investment Trusts, or REITs, in order to secure a higher level of income. These stocks tend to offer generous dividend yields which make them appealing to income investors. There are more than 160 publicly-traded REITs and…
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