Financial
Tesla Stock Could Join The S&P 500
Tesla stock could be eligible to join the S&P 500 after the earnings report that is scheduled to be released this week. The shares have been on an impressive run over the last several months, and many investors may have been betting on the stock’s addition to the index. Q2 2020 hedge fund letters, conferences […]
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Read MoreShort sellers with the best average campaign returns by year
These are the activist short sellers with the highest average campaign returns between 2013 and 2020. They make money by betting against a stock
The post Short sellers with the best average campaign returns by year appeared first on ValueWalk.
Read MoreEverest Re plans expansion of Mt. Logan Re strategy: Doucette, ILS Asia 2020
Bermuda-based insurer and reinsurer Everest Re Group continues to explore ways to evolve and develop its alternative capital play, according to John Doucette, Executive Vice President (EVP) and Chief Executive Officer (CEO) of the Reinsurance Division. In the first-quarter of 2020, Everest Re reported that premiums ceded to its collateralized reinsurance sidecar-like vehicle, Mt. Logan…
Read MoreNew York sees push to tax stock trades with revenue in free fall
Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades. Original Article Posted at : https://www.accountingtoday.com/articles/new-york-sees-push-to-tax-stock-trades-with-revenue-in-free-fall
Read MoreMunich Re reveals €700m of Q2 Covid-19 losses in reinsurance
Global reinsurance player Munich Re has revealed that it has suffered €700 million of losses in its reinsurance business from the Covid-19 coronavirus pandemic in the second-quarter of 2020. Despite the high loss burden, Munich Re still expects to report an above consensus €600 million net result for the quarter, citing lower-than-average major losses from…
Read MoreCohen & Co. raises €375m for insurance debt investments
Fixed income financial services investment specialist Cohen & Company, LLC has raised €375 million for new investment funds focused on provision of subordinated debt to the insurance and reinsurance sector in Europe. Cohen & Company has been investing in subordinated insurance debt over recent years, as part of its growing practice focused on extracting attractive…
Read MoreArtemis Bermuda ILS Executive Roundtable 2020
Welcome to Artemis’ fifth Bermuda-focused ILS executive roundtable, which owing to restrictions caused by the ongoing Covid-19 pandemic was held virtually. In response to the global spread of the novel coronavirus, Bermuda, like much of the world, entered into an unprecedented period of lockdown as its government enforced restrictions aimed to mitigate the outbreak. Against…
Read MoreFedNat reports $48.3m Q2 cat losses after reinsurance recoveries
U.S. primary insurance carrier group FedNat Holding Company has reported elevated catastrophe losses from second-quarter severe weather events, which it expects to cost it $48.3 million pre-tax and after reinsurance recoveries made. FedNat’s pre-results announcement that Q2 2020 severe weather losses would be elevated comes on the heels of numerous other carriers all hit by…
Read MoreHard market “has legs”, capital constrained & trapping to come: Barclays analysts
The current hard market phase in insurance and reinsurance “has legs” as the levels of capital remain constrained in both traditional and alternative capital markets, analysts at Barclays have said. Market volatility due to the Covid-19 pandemic, as well as the losses it has and is causing, are both adding to a “multi-year squeeze on…
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