Financial
Oct. 15 is deadline to get stimulus payment for IRS non-filers
The Treasury Department has already sent out about 159 million stimulus payments worth more than $267 billion. However, there are still some who haven’t received the payment even though they are eligible. If you are one of those, then you can still get the coronavirus stimulus payment if you register at the IRS (Internal Revenue […]
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Read MoreRound 2 of IRS stimulus checks looks doubtful
Hope for a round 2 of IRS stimulus checks has been put on hold. The longer lawmakers wait to act, the less likely that there will be another round of coronavirus stimulus checks for everyone. Q1 2020 hedge fund letters, conferences and more Next stimulus package capped at $1 trillion President Donald Trump reportedly met […]
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Read MoreReinsurers need rate firming into 2021 to support RoE’s: Morgan Stanley
Another set of industry analysts is calling for the current upwards trend in reinsurance pricing to continue into 2021, as reinsurers are otherwise looking at continued underperformance as a sector and higher rates will help support their returns on equity (RoE’s). Reinsurance companies have faced challenging market conditions for a number of years as the…
Read MoreLeahey promoted to Head of Agriculture Reinsurance at AXIS Re
AXIS Re, the global reinsurance division of speciality insurance and reinsurance firm AXIS Capital, has promoted senior property treaty underwriter Michael Leahey to the role of Head of Agriculture Reinsurance. Leahey has worked at AXIS Re since 2017 in various property catastrophe reinsurance underwriting and senior treaty roles. From July 1st, Leahey will take on…
Read MoreAvatar’s Casablanca Re cat bond amended to be issued at discount to par
Avatar Property and Casualty Insurance Company’s new $65 million Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe bond issuance has been amended so that the notes will now be issued at a discount to par, with the implication being a higher premium being offered to investors, it seems. The Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe…
Read MoreFidelis’ seeks 25% upsize for first catastrophe bond Herbie Re
Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm, is seeking to upsize its first catastrophe bond transaction Herbie Re Ltd. (Series 2020-1) by as much as 25%, with the target lifted to $125 million for the deal but the pricing now lifted to the upper-end of guidance. Fidelis entered the catastrophe bond market…
Read MoreCat bonds & ILW’s to benefit in any post-Covid-19 ILS market expansion: S&P
More predictable and transparent insurance-linked securities (ILS) structures, offering less ambiguous coverage, may be the immediate winners after the Covid-19 pandemic crisis, with catastrophe bonds and industry loss warranty (ILW) contracts an area set to receive increasing investor focus, according to S&P. S&P Global Ratings asked in a recent report whether the ILS market could…
Read MoreBest of Artemis, week ending 7th June 2020
Here are the ten most popular news articles, week ending 7th June 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
Read MoreZoom Stock and the Big Market Delusion
In an article published in the Financial Analyst Journal, Aswath Damodaran and I describe and analyze what we call “The Big Market Delusion.” As we describe in that article, the peril of a big market, especially in its early stages, is that the entrepreneurs it attracts and the investors who provide funding are often so […]
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