Wannabe President’s company got millions in coronavirus stimulus

coronavirus, stimulus, Kanye West, PPP, millions

Data from the U.S. Small Business Administration released earlier this week revealed that more than 40,000 companies got loans of $150,000 or more under the PPP (payroll protection program). One of the companies among those that got millions in coronavirus stimulus was that of Kanye West. Q2 2020 hedge fund letters, conferences and more West’s […]

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Coronavirus stimulus checks: What Trump and others said yesterday

coronavirus, stimulus checks, trump, McConnell

Almost every day we see some positive development regarding the next stimulus package. For instance, on Monday, Senate Majority Leader Mitch McConnell possibly hinted on who could qualify for the next stimulus checks. Similarly, on Tuesday, President Donald Trump reassured that coronavirus stimulus checks are coming and that it would be “soon.” Q2 2020 hedge […]

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Hurricane forecasts raised again, above-normal landfall probability remains

Hurricane forecasts for the 2020 Atlantic tropical storm season have been elevated again to reflect the rapid start to the year in terms of storms already formed, while in addition there remains an above-normal landfall probability for the months ahead, forecasters note. Both Colorado State University and Tropical Storm Risk have released their latest forecast…

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Conan Ward & Romel Salam launch US MGA RubiQon with QOMPLX

QOMPLX, an insurtech provider of intelligent decision platforms and operator of managing general agency’s (MGA), has launched US-based subsidiary MGA units named RubiQon Risk & Insurance Services and RubiQon Re, which will be led by sector veterans Conan Ward and Romel Salam. Ward and Salam both worked together at reinsurance firm Validus Re in the…

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KKR acquiring life & retirement re/insurer Global Atlantic

Private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) has again demonstrated its appetite for insurance-linked returns by announcing it is to acquire life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group. KKR, as one of the largest private equity and buyout specialists, has long had a liking…

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Jutta Kath to depart Schroder Secquaero

We understand that Head of Transaction Management Jutta Kath is to retire early from her position at Schroder Secquaero, the specialist insurance-linked securities (ILS) manager and part of global asset manager Schroders. The departure comes in the midst of preparations for a switch in senior management at the company, as current Deputy Head of Schroder…

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Catastrophe exposed US property rates rise fastest in Q2: MarketScout

While commercial and personal property insurance rates rose broadly in the second-quarter of 2020, it is the catastrophe exposed regions and segments of the business that are rising fastest, according to MarketScout. There remains a capacity related trend to some of the price rises, as insurers continue to pull-back or restrict capacity in certain of…

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