Financial
Trump’s attempt at coronavirus relief package is having little effect
President Donald Trump tried to take matters into his own hands after talks on the next coronavirus relief package stalled. However, two weeks after he issued his executive orders, they still haven’t benefited anyone in most parts of the country. Q2 2020 hedge fund letters, conferences and more Trump not able to enact coronavirus relief […]
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Read MoreMS Amlin hires Carrier from Everest Re as CUO of Lloyd’s unit
MS Amlin Underwriting Limited, the Lloyd’s insurance and reinsurance arm of MS Amlin and part of the Japanese MS&AD group, has announced the appointment of a new Chief Underwriting Officer, hiring Andrew Carrier from Everest Re for the role. Andrew Carrier held the roles of Senior Vice President and President of Everest Advisors, UK and…
Read MorePelosi: Democrats united amid push for smaller coronavirus relief package
With no stimulus package yet despite weeks-long negotiations, there were reports of cracks emerging within Democrats and Republicans. The split within Democrats became evident following letters from the members to come up with standalone legislation. Likely to deny such reports, House Speaker Nancy Pelosi on Sunday said that her caucus is standing together over negotiations […]
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Read MoreCOVID-19 business interruption hit to ILS seen as minimal
After canvassing a number of insurance-linked securities (ILS) investment fund managers and end-investors for their views on possible loss impacts due to the COVID-19 pandemic, the majority strongly believe that impacts from the business interruption issue will only be minimal to their ILS strategies and ILS portfolios. This goes for ILS investors allocating capital to…
Read MoreHurricane Laura may not be strong enough to impact cat bonds: Plenum
Based on the latest forecast information, catastrophe bond and insurance-linked securities (ILS) investment manager Plenum Investments believes that hurricane Laura may not be strong enough to impact any outstanding cat bonds in its portfolio. As we explained earlier today, the Gulf Coast of the United States faces a twin storm threat over the coming days,…
Read MoreReinsurers took larger than expected share of COVID claims: Flandro, Hyperion X
The impact of the COVID-19 coronavirus pandemic on the insurance and reinsurance industry looks like it will be more of an earnings event than a capital event, according to David Flandro, Managing Director, Analytics at Hyperion X. Speaking during an update briefing on the second-quarter earnings season, Flandro explained that his firms view is that…
Read MoreCalifornia wildfires continue to expand, property damage & losses mounting
Over the weekend the wildfires burning in California have continue to expand, with two of the lightning complex fires now in the top three largest California wildfires on record, while losses due to property damage from the fires are increasing. Wildfires currently burning in California number well into the hundreds and have burned through more…
Read MoreLaura & Marco challenge Gulf Coast with double storm & hurricane landfall
The Gulf Coast states of Louisiana and Texas are facing a challenging double storm landfall threat this week, with tropical storm Laura expected to be a large and dangerous hurricane when it nears the coast late on Wednesday, while tropical storm Marco is more likely to remain at storm strength but soak the area in…
Read MoreBest of Artemis, week ending 23rd August 2020
Here are the ten most popular news articles, week ending 23rd August 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 free for our upcoming reinsurance…
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