Financial
RenaissanceRe grows Upsilon ILS strategy to $2.1bn
RenaissanceRe, the Bermuda headquartered specialty re/insurer and third-party reinsurance capital manager, has had continued success in raising new funds for its collateralised reinsurance and retrocession focused Upsilon ILS strategy in the first-half of the year. As we explained yesterday, when RenaissanceRe announced its second-quarter 2020 results the company revealed some further capital raising amounting to…
Read MoreIsaias seen as first Florida & US east coast potential hurricane threat
Tropical storm Isaias has formed in the southern Caribbean overnight and is seen as the first storm of the 2020 Atlantic tropical storm and hurricane season with the potential to pose a hurricane threat to Florida and U.S. East Coast. Tropical storm Isaias is set for a journey through the Caribbean islands, via the Domincan…
Read MoreMarkel hopes to add new ILS inflows during second-half: Co-CEO Whitt
Markel Corporation hopes to see fresh inflows coming into its insurance-linked securities (ILS) business in the second-half of 2020, as the capital markets become less volatile and investor confidence recovers, according to Co-CEO Richie Whitt. As we explained yesterday, insurance-linked securities (ILS) assets under management have declined at Markel’s flagship ILS unit Nephila Capital, falling…
Read MoreKodak stock skyrockets after deal to make drug ingredients
Eastman Kodak stock has tripled today alone after the company said it received a loan from the government to produce ingredients for drugs used to battle the coronavirus. This week, Kodak stock has climbed than 2,000%, carrying its valuation to almost $2 billion following the news about the government loan. Q2 2020 hedge fund letters, […]
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Read MoreThe banking giants hiring highest % of Private & Ivy League graduates
Talent innovation company SHL analyzed the LinkedIn profiles of 13 of the world’s biggest and most exclusive banks to find out where their employees went to college, exploring the idea of whether elitism and predisposition plays a part when it comes to a career in finance. Q2 2020 hedge fund letters, conferences and more The […]
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Read More4 Ways to Prevent Brand-Damaging Communications Between Employees and Customers
For anyone that conducts business online, brand image is paramount. When it comes to success as an online business, you can’t rely on a positive face-to-face experience to impress your clients and customers. Q2 2020 hedge fund letters, conferences and more In light of the importance of brand image, you can and should take steps […]
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Read MoreLancashire Capital Management investors have “appetite to go forwards” – Redhead
Discussing the challenges faced in the insurance-linked securities (ILS) market as a result of the Covid-19 pandemic today, Darren Redhead, CEO of Lancashire Capital Management, explained how his unit is relatively insulated from issues related to redemption that some others in the ILS space have faced. Redhead leads the specialist third-party capital management and collateralised…
Read MoreCEO pay cuts total USD 180 million; but still a fraction of total pay
A new report from CGLytics, released today, called “The Pandemic and Executive Pay” covering the Russell 3000. Q2 2020 hedge fund letters, conferences and more In it, the report covers In 2020, 634 companies listed on the Russell 3000 (114 of which are listed on the S&P 500 index) issue some type of pay adjustments […]
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Read MoreI am the one thing in life I can control
Three weeks ago, I drove from Portland to Colorado Springs to participate in Camp FI, a weekend retreat for people interested in financial independence and early retirement. Under normal circumstances, I wouldn’t drive this distance. It’s a 1300-mile trip that takes at least twenty hours to cover. Or, if you’re me, it’s a 1400-mile trip…
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