Financial
Integral ILS to launch with Lowther & Zeng at helm, AmWINS & TransRe in support
Integral ILS Ltd. has been launched as a new Bermuda based insurance-linked securities fund manager by industry execs Richard Lowther and Lixin Zeng, with ties to global insurance distributor and servicer AmWINS and reinsurance firm TransRe. Integral ILS Ltd. is in the early stages of its development still, but targeting being ready to deploy capital…
Read MoreThe Pandemic Economy: Trading Mining Stocks Successfully During a Global Pandemic
The world is currently living through a global pandemic caused by the novel coronavirus, COVID-19. Q1 2020 hedge fund letters, conferences and more Briefly, COVID-19 was first noticed in Wuhan, China towards the end of 2019. It has since swept through the world, causing an instant halt to the global economy as national governments ordered […]
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Read More4th of July Fireworks in the S&P 500 Market
The only time the bears appeared during yesterday’s trading, was at the very U.S. open. A steady move higher followed, with the final hourly upswing erased 15 minutes before the closing bell. How concerning is this? Q1 2020 hedge fund letters, conferences and more I don’t think it’s a setback worth much mentioning. Yesterday’s ADP […]
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Read MoreCollege students: Did you get coronavirus stimulus checks? This tool may help
Coronavirus has had an impact on almost all segments of people, including students. The CARES Act, which was passed in March, allotted billions of dollars to help students during the pandemic. However, most students and parents have no idea about this coronavirus stimulus aid besides checks, and thus, the funds still remain largely untapped. Q1 […]
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Read MoreThe Tesla story: Is Elon Musk Hiding SolarCity’s Failure?
Critics of Tesla say the main reason investors buy its stock is because they like the company’s story. So what would it take for the company’s story to fall apart? At the Virtual Fraud Fest at the Berkeley Center for Law and Business, experts discussed Tesla CEO Elon Musk and his refusal to answer questions […]
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Read MoreILS funds average 0.12% return in muted May performance
The average return of catastrophe bond and insurance-linked securities (ILS) funds was just 0.12% in May 2020, as muted performance was the order of the day and a number of funds fell to a decline. May 2020 saw the average ILS fund return just 0.12%, according to the Eurekahedge ILS Advisers Index. Stefan Kräuchi, ILS…
Read MoreCovid-19 losses to take years to catch up to industry estimates: Willis Re
Currently, bottom-up Covid-19 pandemic loss announcements from insurance and reinsurance companies stand at only around $6 billion, some way short of the wide ranging $30 billion to $100 billion industry loss estimates and broker Willis Re warns it will likely take years to catch up which has ramifications for the ILS market. Reinsurance broker Willis…
Read MoreSempra Energy’s SD Re 2020-1 wildfire cat bond may upsize to $90m
Electrical utility Sempra Energy is seeking to upsize its second catastrophe bond, with the SD Re Ltd. (Series 2020-1) transaction now targeting a $90 million source of California wildfire insurance protection from the capital markets for the company. Sempra Energy returned to the catastrophe bond market in June, with an SD Re Ltd. (Series 2020-1)…
Read MoreS&P takes Vita Capital VI mortality bond off negative watch as Covid-19 outlook improves
The first catastrophe bond rating action caused by the Covid-19 coronavirus pandemic has now been resolved and reverted, as S&P Global Ratings affirmed Swiss Re’s late 2015 Vita Capital VI Limited (Series 2015-1) transaction and removed it from a negative watch. The mortality catastrophe bond which featured a single $100 million tranche of Class A…
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