Great ADP Figures But Things Can Still Turn Nasty

S&P 500

Powell gave a wait-and-see answer to my yesterday‘s rhetorical question about the bears just starting out, indeed. The S&P 500 stocks plunged, breaking far outside the Bollinger Bands confines, illustrating the extraordinary nature of the move. Rebound would be perfectly natural here (and we‘re getting one as we speak) – but will it be more […]

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Secretary John Kerry: The Key Priorities To Tackle Our Climate Crisis

Secretary John Kerry climate change response Reporting Requirements European Biden Climate Action DiNapoli divestment plan Transportation Climate Initiative Enbridge ESG Local Climate Action net zero oil and gas firms Methane Emissions

CNBC Transcript: U.S. Special Presidential Envoy for Climate John Kerry Speaks with CNBC’s Brian Sullivan at the CNBC Evolve Livestream: Innovating Energy. Q4 2020 hedge fund letters, conferences and more   Secretary John Kerry On Tackling Our Climate Crisis BRIAN SULLIVAN: We are here at CNBC Evolve and are honored to be joined by the […]

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98% of households who got 2nd coronavirus stimulus check will get 3rd check

Coronavirus, stimulus checks, households

Recent reports suggest that President Joe Biden has agreed to make stimulus checks more targeted and thus, would leave out millions of people. However, on Thursday, the White House assured that almost all households who got a payment in December will get the coronavirus stimulus check this time as well. Q4 2020 hedge fund letters, […]

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Elementum lifts ILS assets under management to $4.4bn

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, saw fund-raising success at the end of last year, helping to lift its ILS assets under management to $4.4 billion. According to the latest data in our Insurance-Linked Securities Investment Managers & Funds Directory, Elementum has added roughly 5% of assets in…

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Cat bond & ILS issuance already above average in first-quarter of 2021

Catastrophe bond and related insurance-linked securities (ILS) issuance has already surpassed the ten-year average for the first-quarter in 2021, with total issuance recorded in the Artemis Deal Directory now at almost $2.5 billion. The ten-year average for first-quarter issuance of cat bonds and related ILS deals tracked within our Deal Directory is just slightly over…

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ILS market development has been positive for investors: Hilti, Credit Suisse

As the insurance-linked securities (ILS) market continues to expand its remit and reach, it’s important to consider the efforts of the fund and investment side of the space as it looks to service a growing investor base. During the opening day of Artemis’ virtually held ILS NYC 2021 conference, Niklaus Hilti, Head of Insurance-linked Strategies…

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US winter storm loss creep likely to be prolonged: Aon

The complexities surrounding the development of an ultimate of insurance and reinsurance market losses from the recent US winter storm event are set to be significant, with broker Aon warning to expect a prolonged period of loss creep. Currently, estimates for the insurance and reinsurance market loss range from low double-digit billions up to $20…

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Lockton Re hires ex-CATCo CUO Simon Moore

Lockton Re, the reinsurance business of the privately held independent global broking firm, has hired Simon Moore, the former Chief Underwriting Officer of CATCo, as a Senior Broker within its Non-Marine Retrocession & Property Specialty team in London. Moore had joined collateralized retrocessional reinsurance investment fund manager CATCo back in 2015, after a stint at…

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