Lancashire to raise $365m, citing rapid rate increases & dislocated market

Lancashire Holdings, the specialty insurance and reinsurance group with a third-party capital management platform, is set to raise around $365 million through a share placement, citing opportunities in the currently hardening market environment. Lancashire says that its long-term strategy is to deploy more capital into a “hardening” market and today’s market environment qualifies for the…

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Cash Flow: It’s All That Matters

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Warning, this piece gets into the weeds of financial accounting statements. We dive deep into the cash flow statement, why it matters, and equip you with the knowledge to dissect statements on your own. Q1 2020 hedge fund letters, conferences and more Before diving into the meat, one should understand why the cash flow statement […]

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HCI grows catastrophe reinsurance limit 31% to $1.93bn

HCI Group, Inc. has increased the size of its catastrophe reinsurance coverage significantly at the mid-year 2020 renewals, growing its coverage by around 31% to $1.93 billion of limit on a first and second event basis. HCI is a Florida headquartered property and casualty insurer and parent to Homeowners Choice Property & Casualty Insurance Company,…

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A Financially Fraught Future For Professional Sports

professional sport Sports memorabilia

The COVID-19 pandemic has done untold damage to the sporting world. By mid-March, nearly all competitions had been cancelled or postponed in the most widespread disruption to professional sport since World War Two. But with governments beginning to successfully flatten the worldwide curve, plans to get professional sports going again are underway. Q1 2020 hedge […]

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Defined Contribution Plans Can Now Invest In PE Funds

defined contribution Non Farm Payrolls Tegna Portfolios Hedged

The Department of Labor recently released guidance that will have a tremendous impact on investments in the private equity industry. The guidance clarifies that adding a private equity fund to a defined contribution plan, like a 401k, is permissible under ERISA. This will allow PE funds (and VC funds) to become involved in the massive defined contribution pension […]

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At Hearing, Admin Officials Must Answer for Failed Leadership During Crisis

mismanaged pandemic PPE Coronavirus tamed covid 19 death toll negative rates Coronavirus litigation finance Kushner Efforts culture of health COVID-19 testing failures operate safely resume in-person classes impact Chemours Top 10 greatest heroes of the coronavirus pandemic

WASHINGTON, D.C. – This morning, the Senate Committee on Homeland Security and Governmental Affairs is holding a hearing to discuss the procurement and distribution of supplies during the COVID-19 crisis. The Trump administration’s total inability to effectively distribute resources to states has been consistent throughout its mismanaged pandemic response. Q1 2020 hedge fund letters, conferences and […]

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