Financial
Aon warns pensions not to over-react to Covid-19 mortality spike
Insurance and reinsurance broker and consultancy Aon has warned UK pension schemes not to over-react to the recent short-term spike in mortality rates in the country, as the impact to longevity risk assumptions may not be as significant as it seems. Aon’s Risk Settlement Group, which deals with pension risk transfer, including the buy-in and…
Read MoreFidelis raises $500m to take advantage of “hardening” rates
Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has revealed its second equity capital raise of this year, adding a further $50o million to take the re/insurers capitalisation to $2 billion. Fidelis had already tapped institutional investors for a $300 million fresh capital raise back in February, to help…
Read MoreSwiss Re targets $200m of hurricane retro with fifth Matterhorn Re cat bond
Global reinsurance company Swiss Re has again returned to the catastrophe bond market for what will be its fifth time in just around one-year, this time bringing a targeted $200 million Matterhorn Re Ltd. (Series 2020-4) with which it hopes to secure retrocessional protection against hurricane losses. Having shied away from sponsoring catastrophe bonds for…
Read MoreSevere weather, tornadoes, hail, floods drive multi-billion insured loss in May: Aon
The insurance and reinsurance market faced another month of severe weather in the United States in May 2020, with the market set for the third consecutive multi-billion dollar insured loss month this year, according to Impact Forecasting. Impact Forecasting, the weather, climate and risk modelling unit of insurance and reinsurance broker Aon details the significant…
Read MoreGoldman Sachs Securtizes Public Unrest
Shares of The Goldman Sachs Group, Inc. (“GS”, “Goldman”, or “the Company”) soared on news today that Goldman had managed to securitize public unrest in the country. Proceeds from the offering will be used for bricks, Molotov cocktails and any other items the rioters need. Investors in the offering will receive shares in the looting […]
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Read MoreRaging With The Machine
Tom Morello, of Rage Against The Machine, whose last tour was sponsored by Capital One, tweets his support for Black Lives Matter. Nasdaq Hits New High Despite America’s Chaos America is going through its worst civil unrest in 52 years, with business districts in major cities looted. Tweet via journalist Michael Tracey. More than 112,000 Americans […]
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Read MoreVirginia Small Business Sues Governor Northam over COVID-19 Orders
Zion Springs has just announced the filing of this Loudoun County small business’ lawsuit against Governor Ralph Northam of the Commonwealth of Virginia in an effort to open up Loudoun County and Virginia for business. This is a significant and unprecedented action undertaken for the benefit of all small business enterprises across the Commonwealth, according […]
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Read MoreThe Economic Impact of COVID-19 On Restaurants
TOMORROW AT 11:30 AM ET: Rep. Earl Blumenauer and Independent Restaurant Coalition Unveil New Data on Economic Impact of COVID-19 on Restaurants Q1 2020 hedge fund letters, conferences and more Rep. Earl Blumenauer (D-OR 3) and Chefs Katie Button (NC), Gregory Gourdet (OR), and Dan Wu (KY) Will Discuss Report Finding 85% of Independent Restaurants […]
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Read MoreUSA Keeps Cannabis Offenders Locked Up Under COVID-19 Threat While Approving Pot Industry PPP Loans
USA Keeps Cannabis Offenders Locked Up Under COVID-19 Threat While Approving Pot Industry PPP Loans Q1 2020 hedge fund letters, conferences and more Cannabis Offenders Dying Behind Bars Due To COVID-19 WASHINGTON, D.C. – Politico is reporting, based on an analysis from government watchdog Accountable.US, that the Trump administration approved millions of dollars in federal […]
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