Financial
Blue Tower Asset Management 2Q20 Letter: EZCORP
Blue Tower Asset Management letter to investors for the second quarter ended June 2020, disucssing their holdings in EZCORP Inc (NASDAQ:EZPW). Q2 2020 hedge fund letters, conferences and more The Blue Tower Global Value strategy composite had its best quarter since inception with 21.14% net (21.49% gross) in Q2. This follows our worst quarter in […]
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Read MoreWhat Does Your Home Contents Insurance Cover?
Home contents insurance helps you replace belongings in your home in the case of a robbery, accidental fire or damage or a range of other scenarios. Bad things happen. Plan for it. Q2 2020 hedge fund letters, conferences and more Home contents coverage, personal property insurance and home insurance – these are the various names […]
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Read MoreCARES Act 2: GOP to unveil new coronavirus bill next week
The first stimulus package, the CARES Act, came in March. However, it proved insufficient as the coronavirus pandemic is still a big threat to the economy. Thus, there were demands for a second stimulus package, and the wait is almost over now. The next coronavirus stimulus package checks and aid, CARES Act 2, could come […]
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Read MoreTravelers aggregate reinsurance close to triggering
U.S. primary insurance carrier Travelers is now very close to attaching or triggering its $280 million of aggregate reinsurance coverage, after a heavy catastrophe toll from severe weather in the second-quarter added to the companies losses. Travelers reported higher catastrophe losses than the prior year at $854 million pre-tax for Q2 2020. That took its…
Read MoreDividend Stock Watch List: Lanny’s August 2020 Edition
As investors, there are always opportunities out there. The stock market continues the trajectory upwards, making the journey to financial freedom by using dividend income as a passive income source, a little more difficult. I still will say – there is nothing better than dividend income, no matter what time of the year! That’s what…
Read MoreGonzalo a hurricane risk to Caribbean (maybe US), Hanna a rainfall risk to Texas
Two tropical storms, Gonzalo and Hanna, each of which has broken records as the earliest seventh and eighth named storms to form of the Atlantic tropical storm and hurricane season, are threatening impacts in the coming days. The 2020 Atlantic hurricane season is following true to forecasts for a very active season in terms of…
Read MoreSCOR sees “beginning of a hard market”, says to continue into 2021
France headquartered global reinsurance group SCOR said that it expanded its catastrophe reinsurance portfolios at the June and July 2020 mid-year renewal season, while recognising an overall 8.2% price increase across the renewal book. SCOR has been steadily expanding its property and catastrophe portfolios in recent years, as and when pricing and rates allowed. At…
Read MoreNephila to name AXIS’ Louden as specialty syndicate active underwriter
Nephila Capital, the largest dedicated specialist insurance and reinsurance linked investment fund manager, is to appoint an active underwriter for its new specialty lines focused Syndicate 2358 at Lloyd’s. Ross Louden will join the company to take on this role later this year, the company confirmed, after a period of gardening leave on departure from…
Read MoreEverest Re adds $160m of Covid-19 reserves in Q2, takes total to $310m
Global insurance and reinsurance group Everest Re has added another $160 million to its reserves for claims and losses from the Covid-19 pandemic, with the majority again coming from its reinsurance division. The company said late yesterday that it expects to report $130 million of largely incurred but not reported (IBNR) claims from its Reinsurance…
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