Financial
A Remedy For Riots – Sue The Criminals
A Remedy For Riots – Sue The Criminals; Civil Actions With Massive Judgments Can Deter Q1 2020 hedge fund letters, conferences and more WASHINGTON, D.C….
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Read MoreHSCM sets up Bumblebee Re to bring reinsurance cell formation in-house
Hudson Structured Capital Management Ltd., which undertakes insurance and reinsurance investment business as HSCM Bermuda Management Company, has established special purpose insurer Bumblebee Re Ltd., as it looks to take the process of collateralized reinsurance cell formation in-house. Bumblebee Re Ltd. has been registered in Bermuda as a Special Purpose Insurer to conduct ‘unrestricted special…
Read MoreRiots could turn 2020 into a capital event. PCS designates riots as a catastrophe
The ongoing situation of riots and civil commotion outbreaks in numerous cities across the United States have the potential to aggregate into a reasonably sizeable loss for insurance and reinsurance carriers, which analysts at KBW warns could turn 2020 into a capital event for some. Over the last few days and nights riots have struck…
Read MoreDividend Increases – Expected in June 2020 -(Hopefully)
Dividend increases are the name of the game. We love them, we monitor them, and are constantly watching each stock in our portfolio and watchlist for news about them. Why? The impact of increases on your dividend income streak is real and is pivotal for your journey to financial freedom. It only makes sense that…
Read MoreFCA testing UK BI wordings. Zurich & RSA highlight reinsurance covers
The UK’s Financial Conduct Authority (FCA), one of the key financial market regulators and part of the Bank of England, is to run a test case to help establish the validity of business interruption claims from the Covid-19 pandemic. Numerous major global insurers are involved, including leading players such as AIG, Allianz, Arch, Argenta, Aspen,…
Read MoreTokio Marine HCC sees renewable opportunity with GCube acquisition
Tokio Marine HCC, the specialty insurance underwriter and part of the Tokio Marine Group, is aiming to create a ‘centre of excellence’ focused on renewable energy insurance, now that its acquisition of GCube has completed. GCube is a managing general agent (MGA) and underwriter focused on the renewable energy sector as well as weather risk…
Read MoreTWIA’s new Alamo Re 2020 cat bond doubles in size to $400m
The Texas Windstorm Insurance Association’s (TWIA) new Alamo Re II Pte. Ltd. (Series 2020-1) catastrophe bond issuance has successfully been doubled in size thanks to strong demand from investors and will now provide the residual market property insurer $400 million of reinsurance protection. TWIA returned to the catastrophe bond market last month, with a new…
Read MoreR&Q: Managing legacy risks for third-party investors a key business goal
Becoming a manager of third-party capital from investors interested in accessing the returns of legacy insurance and reinsurance business is a “key goal” for Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager said today. In announcing its results, R&Q explained that it sees tapping into the…
Read MoreUniversal buys most cat reinsurance ever. Nephila a key participant
Universal Insurance Holdings, a Florida headquartered and expansive primary insurance carrier, has secured the largest private market catastrophe reinsurance renewal in its history, with capital market support again evident and Nephila Capital a key participant. The insurance carrier group has bought a catastrophe reinsurance tower that extends up to $3.26 billion of coverage, $1.3 billion…
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