Financial
All agree on coronavirus stimulus checks, details need to be worked out
Almost everyone now agrees that the next round of stimulus package should include stimulus checks. Senate Majority Leader Mitch McConnell has already confirmed that their stimulus proposal would consist of stimulus checks. And, we already know that the Democrats’ proposal for the next stimulus package – HEROES Act – includes $1,200 stimulus checks. Even though […]
The post All agree on coronavirus stimulus checks, details need to be worked out appeared first on ValueWalk.
Read MoreArch Insurance puts Bonneau in charge of ceded reinsurance programs
Arch Insurance, the primary arm of Bermuda based insurance and reinsurance player Arch Capital Group, has promoted Krista Bonneau to the position of Senior Vice President of Ceded Reinsurance, giving her responsibility for buying across the protection programs of the company. Bonneau was most recently Vice President of Ceded Reinsurance for Arch Insurance. She joined…
Read MoreArbol transacts $11m notional through weather risk platform
Arbol, a provider of marketplace technology that utilises smart contracts, has now sold $11 million notional in weather risk transfer contracts through its platform in the first four months since it began trading live transactions. Arbol completed an acquisition of well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk back in April,…
Read MoreUnipolSai showed commitment to ILS with Azzurro Re II cat bond: Willis Re
Italian primary insurance company UnipolSai Assicurazioni S.p.A. demonstrated a long-lasting commitment to engaging with the insurance-linked securities (ILS) market with its recently completed EUR 100 million Azzurro Re II DAC (Series 2020-1) catastrophe bond, according to executives at Willis Re. With the successful placement of the Azzurro Re II DAC cat bond transaction, UnipolSai secured…
Read MoreILS has shown “remarkable” resilience: Monetary Authority of Singapore
Even in the face of Covid-19, the resilience of the insurance-linked securities (ILS) market has been impressive, but moving forward, the entire risk transfer industry needs to be more attentive to emerging complex risks, says Benny Chey, Assistant Managing Director (Development and International), Monetary Authority of Singapore (MAS). In his opening speech at the virtually…
Read MoreHudson Structured announces departure of Fascione
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has announced the departure of Partner Simon Fascione who will leave the firm on September 30th. Simon Fascione has been a Partner of Hudson Structured Capital Management Ltd. and also the Chief Investment Officer of the firms insurance and reinsurance…
Read MoreSCOR reports €456m Covid-19 hit, retro assists
French global reinsurance company SCOR has reported an estimated EUR 456 million of losses due to the Covid-19 pandemic booked in the second-quarter of 2020, with retrocession support helping the company in managing the burden, particularly on the P&C side of its business. In reporting its first-half results this morning, SCOR said it has undertaken…
Read MoreCoronavirus Impact Drops Americans’ Financial Satisfaction to 2015 Levels: AICPA index
Coronavirus Impact Drops Americans’ Financial Satisfaction to 2015 Levels: AICPA index Q2 2020 PFSi dropped a record 55 percent, driven primarily by significant increase in underemployment Index weighed down heavily by CPA Outlook Index’s decline in business sentiment Market index is up 21 percent from depressed Q1, just shy of all-time high Q2 2020 hedge […]
The post Coronavirus Impact Drops Americans’ Financial Satisfaction to 2015 Levels: AICPA index appeared first on ValueWalk.
Read MoreDrivers Protest Against Prop 22 And Lyft Selling PPE
Drivers Protesting Lyft Selling (Instead of Providing) PPE & Prop 22 by Passing out FREE PPE to Drivers at Lyft Hub Q2 2020 hedge fund letters, conferences and more Drivers Protest Against Lyft Backed Prop 22 (Oakland, CA)— Today, at 11AM, approximately 100 drivers from Gig Workers Rising, We Drive Progress, and Rideshare Drivers United […]
The post Drivers Protest Against Prop 22 And Lyft Selling PPE appeared first on ValueWalk.
Read More