Financial
Coronavirus stimulus checks discussions: What happened on Monday
As was expected, Monday (July 20) was an important day regarding the next stimulus package. There were closed-door discussions on what the next relief package should include. Detailed below are the discussions that took place on Monday with regard to the coronavirus stimulus package and checks. Q2 2020 hedge fund letters, conferences and more Discussions […]
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Read MoreReinsurance pricing to catch-up, demand expected to rise: Analysts
Reinsurance market price rises are expected to catch-up to the levels seen across primary and retrocession markets in recent months, flattening out the u-shaped marketplace and providing greater opportunities for underwriters and ILS investors to enhance their returns. Analysts have already called for the u-shaped market to have flattened out in Florida, after the 6/1…
Read MoreDividend Income from YOU the Bloggers – June 2020
June was an interesting month in the market. Dividend cuts continued to slow, despite a few surprise dividend cuts. Economies continue to reopen and the weather continued to get better. Still, the economic and political environments remained as tense as ever. The Federal Reserve announced major restrictions on bank dividends and share buybacks for the…
Read MoreEloff & Karim launch Marrikel reinsurance broking platform
Frederik Eloff and James Karim, who previously worked together at a Deutsche Bank start-up ILS fund management unit, have together launched insurtech start-up Marrikel, which positions itself as a reinsurance broking platform. Marrikel joins a plethora of reinsurance and risk transfer placement systems that have launched in recent years leveraging in-house developed technology to make…
Read MoreInvestor Psychology and Economic Realities Are Very Different Things
There’s only one difference between Buy-and-Hold and Valuation-Informed Indexing. Buy-and-Holders believe that stock price changes are determined by economic developments. Valuation-Informed Indexers believe the determining factor for stock price changes is shifts in investor psychology. It’s one difference but it leads to differing perspectives on just about every investment strategy question that comes up. Q2 […]
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Read MorePG&E’s equipment caused Kincade wildfire, $600m+ hit possible
Transmission equipment owned and operated by Pacific Gas and Electricity (PG&E) has been deemed to be the cause of the 2019 Kincade wildfire in Sonoma County California, which could put the company and its insurers on the hook for over $600 million of costs. PG&E, the wildfire stricken California focused electrical utility operator, had previously…
Read MoreCapital markets could fund $2bn of pandemic bonds: Hannover Re CEO Henchoz
The participation of the capital markets in financing the world’s most pressing risks is an important source of capacity and investors could support up to $2 billion of capacity to back pandemic catastrophe bonds, Hannover Re CEO Jean-Jacques Henchoz explained in a recent interview. Speaking to Swiss, German-language newspaper Neue Zürcher Zeitung, Henchoz explained the…
Read MoreIndustry loss from Australia’s January hailstorms escalates to A$1.811bn
The insurance and reinsurance market loss estimate for the severe hailstorms that struck the southeastern region of Australia in January 2020 is now seen as A$1.811 billion by PERILS, as the group adds motor claims to its tally and says the property loss has risen 44%. Previously, the Zurich based, industry backed estimator of catastrophe…
Read MoreOCC Rule Would Undermine State Usury Laws: Activists
Liberal activists are not happy with new proposed changes from the OCC regarding state usury laws. See reactions below from two different groups. Today, the Office of the Comptroller of the Currency (OCC) announced a proposed rule on the true lender doctrine. Under the proposal, a bank is considered to be the “true lender” if it is named […]
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