Financial
Catastrophe PML trends: Divergent risk appetites & third-party capital use
It’s clear that strategies on underwriting catastrophe risks have diverged in the reinsurance sector, with some traditional companies filling their boots on higher rates, but others pulling back and offloading the risks to their third-party capital vehicles. Overall, reinsurance firms are seen to be taking a measured approach to catastrophe risks in 2020, rating agency…
Read MoreMonthly Dividend Stock In Focus: Eagle Point Income Company
Published on July 16th, 2020 by Nate Parsh Monthly dividend stocks are favored for their more frequent dividend payments than the traditional quarterly dividend payers. Eagle Point Income Company (EIC) is a relatively new company that offers shareholders a monthly dividend payment. There less than 60 stocks that offer a monthly dividend. You can download…
Read MoreMonthly Dividend Stock In Focus: Ellington Financial Inc
Published on July 16th, 2020 by Nate Parsh Investors are often attracted to dividend paying stocks because of the income they produce. Dividend paying stocks provide income, even while the price of the stock can fluctuate. There are some companies that even pay monthly dividends, which allow for consistent cash flows for investors. But there…
Read MoreU.S. riot losses accelerated & worsened by pandemic: Johansmeyer at ILS Asia 2020
In an extensive and insightful keynote at the virtually held Artemis ILS Asia 2020 conference (now available on-demand), Head of PCS, Tom Johansmeyer discussed a number of Covid-19 loss scenarios, including the potential combined impacts of the virus and strike riot, civil commotion (SRCC) in the U.S. Triggered by the killing of unarmed George Floyd…
Read MoreAllstate’s Q2 catastrophe losses rise to almost $1.2bn
Aggregate catastrophe losses suffered by U.S. primary insurance giant Allstate have risen to almost $1.2 billion for the second-quarter of 2020, with the pace of severe weather losses falling slightly in June. By the end of May, Allstate had already suffered $982 million, pre-tax ($776 million, after-tax) of catastrophe losses, largely from severe or convective…
Read MorePGGM and Swiss Re deepen Viaduct Re sidecar relationship to $500m+
PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, has expanded and deepened its private quota share sidecar relationship with reinsurance firm Swiss Re. In total, the Viaduct Re Ltd. private reinsurance sidecar arrangements between PGGM and Swiss Re have…
Read MoreLGT exploring taking equity investment into reinsurer Lumen Re
LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager, is considering ways to enable equity investments to be made into its rated Class 3A reinsurance underwriting vehicle Lumen Re. Speaking during a panel session at our ILS Asia 2020 conference yesterday, Partner and Portfolio Manager at…
Read MoreDan Bailey to depart Steadfast Re for McGill & Partners
Dan Bailey, a well-known London and international broker producer with expertise across treaty reinsurance, collateralised products and retrocession, is moving employers after a relatively short stint with Steadfast Re, landing at McGill & Partners. Bailey had joined Steadfast Re, the reinsurance broking joint-venture of the Steadfast Group Ltd. and the ex-management team of broker Beach’s…
Read MoreCovid-19, civil unrest & severe weather dents CNA by $301m in Q2
U.S. commercial property and casualty carrier CNA Financial Corporation has reported a $301 million estimate of its second-quarter 2020 catastrophe losses, due to the impacts of the Covid-19 pandemic, rioting and civil unrest, as well as severe weather. The overall catastrophe loss burden of $301 million for Q2 2020 reported by CNA is well above…
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