Financial
Coronavirus relief package deal drags until Sept. as Senate leaves town
There is bad news for those waiting for the coronavirus stimulus package. Hopes of any deal this week crashed as there were hardly any talks on Thursday. Moreover, there is unlikely to be any coronavirus relief package deal this month as well. This is because the Senate went on recess after concluding the session yesterday. […]
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Read MoreCovid-related cat bond & ILS spread widening drove inflows: Swiss Re
As the global effects of the Covid-19 coronavirus pandemic were being felt across financial markets earlier this year, the insurance-linked securities (ILS) market was not immune and Swiss Re notes that the dislocation caused ILS new issuance spreads to widen by 20% to 30%. The uncertainty that “riddled” the global financial markets spilled over into…
Read MoreDividend Stock Purchases: Bert’s July Summary
July was another crazy month in the stock market. The market just continues to rise! Still, despite the rising market, I was able to find several undervalued dividend stocks to purchase during the month. While I didn’t invest the same amount of capital as Lanny in July (Nearly $4k), I was able to continue to…
Read MoreCelsiusPro doubles-down on big-data for parametrics & weather risk transfer
CelsiusPro AG, the Swiss headquartered weather index insurance and parametric risk transfer specialist, is doubling down on the use of big-data and advanced technology to create better parametric triggers and indices for weather and natural catastrophe risk transfer. CelsiusPro is already a technology-focused company, calling itself an insurtech as it has placed an increasing emphasis…
Read MoreAetna’s medical benefit ratio drops further below Vitality Re ILS trigger in Q2
For the second-quarter of 2020, the medical benefit claims ratio reported by CVS-owned health insurer Aetna dropped even further below levels where its Vitality Re series of health insurance-linked securities (ILS) transactions could be triggered. This is despite the impacts of the Covid-19 coronavirus pandemic, which might have been thought a caused of elevated health…
Read MoreHudson Structured upsizes investment in insurtech Kin
Insurance-linked securities (ILS), reinsurance and transportation focused investment manager Hudson Structured Capital Management Ltd. has participated in a $35 million Series B funding round for home insurtech company Kin Insurance. The Series B is the second time Hudson Structured (doing its insurance investment business as HSCM Bermuda) has backed Kin, having participated in a $47…
Read MoreReinsurance “hard market phase” a cat bond market opportunity?
Reinsurance is now in “a hard market phase” across much of the market as the major players need to protect their earnings and capital against the still potentially unknown losses that could arise from the Covid-19 pandemic, according to analysis from Fitch Ratings. Explaining why the market has hardened so quickly this time around, rating…
Read MoreU.S. severe storms, hail & Derecho to drive multi-billion dollar losses: Aon
The United States has again been hit by a prolonged period of severe weather this week, with severe storms, convective weather, large hail storm events and a Derecho that struck the Iowa and Illinois region, all adding up to multi-billion dollar economic losses, with most of the wind and hail insured. Insurance and reinsurance broker…
Read MoreThe 6 Best Tobacco Stocks Now, Ranked In Order
Updated on August 13th, 2020 by Josh Arnold As a business owner, selling products that have high profit margins along with strong brand awareness and an exceptionally loyal customer base is strongly desirable. The tobacco industry fits this model, despite declines over time in the number of customers that use its products. Tobacco stocks are…
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