Financial
Tribute To Essential Workers To Celebrate Labor Day
Announcing the ‘Tribute to Essential Workers’, a live event celebrating Labor Day by honoring the Americans keeping us safe Q2 2020 hedge fund letters, conferences and more Livestreaming on Sunday, Sept 6 at 8pm ET, it will feature worker voices, musical performances, celebrity guests, and tributes to workers who have died from Covid-19 Celebrating Labor […]
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Read MoreAMA Joins Law Suit Targeting “Menthol Slavery”
AMA Joins Law Suit Targeting “Menthol Slavery”; Legal Action Seeks to Finally Close “Lethal Racist Loophole” Q2 2020 hedge fund letters, conferences and more WASHINGTON, D.C. (September 4, 2020) – The American Medical Association [AMA] has added its huge fire power to a law suit brought by two antismoking organizations to force the Food and […]
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Read MorePence: August jobs report is evidence American comeback is underway [CNBC Transcript]
First on CNBC: CNBC transcript: Vice President Mike Pence speaks with CNBC’s Kayla Tausche on “Squawk on the Street” today, dicussing the August jobs report and the coronavirus relief package. Q2 2020 hedge fund letters, conferences and more Vice President Mike Pence: August jobs report is evidence American comeback is underway Pence: Congress will […]
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Read MoreSwiss Re holds onto reinsurance top-spot, driven by non-life expansion
Swiss Re has stayed at the top of the Top 50 Global Reinsurance Groups leaderboard, as significant growth in large non-life transactions helped the company increase its gross premiums written by 16% in 2019. According to the latest data of the 50 largest reinsurance groups in the world from rating agency A.M. Best, which is…
Read More6 Dividend Increases Expected in September 2020
Dividend increases are a major foundation of our financial freedom plan. We are building our dividend income, which is the EASIEST form of passive income, to eventually cover our monthly expenses. A key piece of this strategy is investing in companies that increase their dividend. Why? We want our dividend income stream to grow!…
Read MoreElementum “not significantly impacted” by COVID-19 in H1: White Mountains
As the COVID-19 pandemic impact spread around the world and through insurance and reinsurance during the first-half of 2020, the insurance-linked securities (ILS) fund management business of Elementum Advisors, LLC was “not significantly impacted” according to key investor White Mountains. White Mountains again highlighted the benefits of ILS as an ass class, in the lack…
Read MoreArch secures upsized $423m Bellemeade Re 2020-2 mortgage ILS issuance
Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance firm with a growing mortgage insurance arm, successfully secured its second mortgage insurance-linked securities (ILS) transaction of 2020, upsizing the Bellemeade Re 2020-2 Ltd. transaction to $423 million at close. The transaction launched at a smaller $363 million in the pre-sale documents, but investor demand…
Read MoreSome of USAA’s loss hit cat bonds get wildfire subrogation return of principal
Some of the loss hit catastrophe bonds sponsored by U.S. primary mutual insurer USAA have benefited from a return of principal with respect to previously made loss payments under certain reinsurance agreements, presumably a sign of wildfire related subrogation recoveries flowing to the benefit of cat bond funds and investors. USAA faced losses across a…
Read MoreHurricane Laura onshore & offshore insured losses $10bn – $15bn: RMS
The onshore and offshore total of insurance and reinsurance market losses from recent hurricane Laura is estimated to be in the double-digit billions, between $10 billion and $15 billion by catastrophe risk modeller RMS. Of this, $9 billion to $13 billion are from onshore losses, caused by wind and surge, as well as inland flood…
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