Financial
Cohen & Co. targets $207m with second Butler-led re/insurance SPAC vehicle
Cohen & Company, LLC, the fixed income financial services focused investment specialist, has launched its second Special Purpose Acquisition Company, or SPAC, that targets insurance, reinsurance and insurtech investment opportunities. INSU Acquisition Corp. II follows on from the first SPAC, often called blank check company, launched by Cohen & Co., which was named Insurance Acquisition…
Read MoreAlluvial Fund 2Q20: Long Bredband2 i Skandinavien
Alluvial Fund commentary for the second quarter ended June 2020, discussing the virtures of a negative working capital cycle. Q2 2020 hedge fund letters, conferences and more Alluvial Fund rose 14.8% in the second quarter, recouping most of the first quarter’s losses. As I write in late July, the fund has reached approximately break-even for […]
The post Alluvial Fund 2Q20: Long Bredband2 i Skandinavien appeared first on ValueWalk.
Read MoreHow to reach $1,000,000 in 15 years of Investing
Everyone want’s a million dollars, for the most part. Some may even have – making $1,000,000 a goal of theirs on their lifetime to do list. You haven’t been taught how to get there and your employer doesn’t really help you learn what you need to do to make, earn or generate a stock portfolio…
Read MoreSwiss Re: Covid not a big event for sidecar, aims to expand ILS activity
Global reinsurance firm Swiss Re expects that while it seems that some losses from the Covid-19 pandemic could fall to its quota share sidecar investors, the amount won’t be significant. Speaking this morning during the companies first-half earnings call, CFO of Swiss Re John Dacey said that the pandemic won’t prove to be a big…
Read MoreHurricane Hanna industry loss unlikely to exceed $400m: RMS
Catastrophe risk modelling specialist RMS has said that the ultimate insurance and reinsurance industry loss from recent hurricane Hanna’s impacts largely in Texas are unlikely to exceed the $400 million mark. This compares closely to the industry loss estimate from fellow catastrophe risk modeller Karen Clark & Company (KCC), who said that hurricane Hanna is…
Read MoreHurricane Isaias threatens Florida or US east coast landfall
Isaias achieved category 1 hurricane status overnight as the storm successfully navigated the wind shear that was in its path and intensified to become hurricane Isaias, with the Florida and U.S. east coast firmly in its sights. As we explained yesterday, Isaias is the first Florida and U.S. east coast hurricane threat of the season.…
Read MoreBrit highlights benefit of capital partner relationships behind Sussex
Specialty insurance and reinsurance player Brit Ltd. highlighted the important benefit of the capital partner relationships behind its Sussex Capital collateralised reinsurance structure this morning, while the firms third-party investors appear to have taken a small share of losses in the first-half. Brit operates a range of third-party reinsurance capital structures, including the Verustus collateralised…
Read MoreSwiss Re’s H1 $2.5bn Covid-19 reserves to cover most pandemic losses: CEO Mumenthaler
In reporting his companies first-half 2020 results this morning, Swiss Re’s CEO Christian Mumenthaler said that the $2.5 billion of largely IBNR reserves set aside for losses from the Covid-19 pandemic should be sufficient to cover the majority of the firms ultimate. Swiss Re pre-announced a “significant addition” to its loss reserves for the Covid-19…
Read MorePullback from record high gold price needed for $2,000 an ounce
The gold price reached a new record high this week, beating the previous record set on Sept. 5, 2011. The gold price kept rising past the record high to new heights as the week wore on, and now the $1,940 record that was set on July 28 appears to have become the new floor for […]
The post Pullback from record high gold price needed for $2,000 an ounce appeared first on ValueWalk.
Read More