Financial
Carriers expect reinsurance cover on BI claims from FCA test case judgement
Insurance carriers potentially affected by today’s judgement in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, are suggesting their reinsurance, including catastrophe covers, will provide support. The judgement came through from the High Court this morning and has found largely in favour of insurance policyholders in the FCA’s business interruption insurance test case.…
Read MoreEconomic Developments Are Never As Big a Deal As Investment Analysts Make Them Out To Be
The old way of thinking about the stock market is that it is economic developments that cause price changes. Investors change their assessment of what stocks are worth as new information about future economic developments becomes available to them. Q2 2020 hedge fund letters, conferences and more But Shiller showed that investors are not entirely […]
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Read MoreHigh Court favours policyholders in FCA business interruption test case
The UK High Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The move means insurance firms may end up facing paying for many more business interruption claims from the COVID-19 pandemic than they had been hoping to, as the decision suggests coverage should…
Read MoreTremor to run live cat auctions for every hurricane, including today for Sally
Tremor Technologies, the insurtech company that offers a technology-based programmatic insurance and reinsurance risk transfer marketplace, is set to make its marketplace available for every major hurricane threat, with live cat auctions set to be run by the insurtech, including today for hurricane Sally. Hurricane Sally is heading for a northern Gulf Coast landfall tonight…
Read MoreAIG takes James Nash from Guy Carpenter to lead Japan
Insurance giant American International Group, Inc. (AIG) has announced the hire of James Nash, a well known reinsurance industry senior executive who most recently worked for broker Guy Carpenter in Asia Pacific. Nash had worked at the reinsurance broker for almost 35 years, including with around 15 years of experience in senior roles in Japan.…
Read MoreGC Securities hires Carlo Magnani from Willis Re Securities
GC Securities has added a new hire in Carlo Magnani, who joins the reinsurance capital markets focused company from his most recent role at rival Willis Towers Watson. Magnani joins GC Securities in its London office and will have a focus on capital markets backed reinsurance solutions including insurance-linked securities (ILS), we understand. GC Securities…
Read MoreAon Reinsurance Solutions hires Pett from Nephila in Bermuda
Aon’s Reinsurance Solutions division has announced the hire of Stephen Pett in Bermuda, who joins the broker from his most recent position with insurance-linked securities (ILS) fund manager Nephila Capital. Pett joins Aon as a Vice President and broker and will focus on instruments such as industry loss warranties (ILW’s) other specialty reinsurance products. Pett’s…
Read MoreThe Big Nikola One Reveal History Of Discrepancies
Whiteny Tilson’s email to investors discussing Nikola’s lame response to Hindenburg Research and shares an article from Bloomberg on the company’s history of discrepancies. Q2 2020 hedge fund letters, conferences and more The Fake Nikola One Reveal 1) In Friday’s e-mail, I wrote about electric-truck maker Nikola (NKLA), whose stock plunged last week after activist […]
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Read MoreDillard’s, Inc.: An Event Driven Trade Idea
Event-Driven (ED) trading continues to perform well lately. As a result, rather than bemoan how value investing is stillborn, I’ve continued to shift more of my capital into what’s working. As I’ve noted previously; you can hope that the market reverts to a prior form, or you can evolve. With the number of active managers […]
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