Financial
Did you check these latest IRS updates to coronavirus stimulus information?
The IRS has sent out most of the stimulus checks to date to eligible recipients under the CARES Act. Since there is still some time…
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Read MoreCovid-19 “live cat” puts reinsurance into “sustainable hardening” – JMP Securities
The Covid-19 pandemic is like a “live cat” for the reinsurance industry, one that will keep on driving losses, and this combined with the challenges caused by recent consecutive catastrophe loss years appears to have driven the market into a phase of “sustainable hardening,” analysts at JMP Securities have said. Having spoken with numerous insurance…
Read MoreStocks to Buy in a Post-Pandemic World
Businesses are opening up here in Ohio, starting around May 21st. We are talking restaurants, retail, barber shops and other smaller stores/shops. Is the Pandemic over? No, but what does this mean? Now that life and business is having their heart beat a little faster, here are stocks to buy or consider in a post-pandemic…
Read MoreCovid-19 means reinsurers won’t make cost-of-capital in 2020: Fitch
The global reinsurance market will fail to make returns above its cost-of-capital due to the impacts of the Covid-19 coronavirus pandemic, Fitch Ratings has said following a review of ratings in the sector. Cost-of-capital has been something the reinsurance sector has been struggling to earn for a number of years now. Around five years or…
Read MoreSwiss Re CorSo launches parametric hail insurance for the U.S.
Swiss Re Corporate Solutions (SRCS), the commercial risk taking entity of global reinsurance firm Swiss Re, has launched a parametric hail insurance product in the United States, citing the growing level of losses experienced from severe thunderstorm risks as driving the need for innovative protection. Last year, 2019, the United States saw severe thunderstorm and…
Read MoreFHCF won’t renew reinsurance due to Florida market conditions
The Florida Hurricane Catastrophe Fund (FHCF) has decided not to renew its reinsurance program in 2020, citing reduced reinsurance market capital levels and in response to the firming marketplace. It’s the latest clear sign of the hardening of Florida reinsurance rates, which as we explained last week sees rates increasing broadly by more than 20%,…
Read MoreBlue Halo Re 2020 cat bond launches at $100m for Allianz Risk Transfer
Allianz Risk Transfer, a specialist and alternative risk focused unit of the Allianz global insurance and reinsurance group, is back in the catastrophe bond market with a $100 million Blue Halo Re Ltd. (Series 2020-1) transaction, the first by the issuer in four years. Two Blue Halo Re catastrophe bonds (a $185m Blue Halo Re…
Read MoreInvestors & consultants appreciate defensive qualities of ILS
Institutional investors and their investment consultants are extolling the defensive virtues of the ILS asset class of late, as once again allocations to insurance and reinsurance linked investments proved themselves largely uncorrelated to broader financial market contagion during the Covid-19 pandemic. While the catastrophe bond market saw selling pressure leading to some mark-to-market declines, still…
Read MoreChange the Terms Slams Facebook Executives’ “Colossal Failures”
Shareholders should be deeply concerned, Facebook executives’ lip service to moderation put lives and the company at risk Q1 2020 hedge fund letters, conferences and…
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