Lanny’s June 2020 Dividend Stock Watch List

Hopefully your stomach has been able to endure the extreme volatility, as of late.  April was a fairly positive month on the valuation front, but there are always stock opportunities.  Let’s buckle up and read Lanny’s Dividend Stock Watch List – May Edition. Dividend stock watch list The stock market is up approximately 2.8% from…

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2021 to be hardest P&C market for some time, start-ups likely: Analysts

Market forces suggest that 2021 could see the hardest property and casualty (P&C) insurance and reinsurance market conditions for a long time, according to analysts at Wells Fargo Securities. The stars are aligning in the P&C re/insurance space, with losses set to flow from the Covid-19 pandemic and the end-result being the hardest market conditions…

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Allstate reports $632m of catastrophe losses from April 2020

U.S. primary insurance giant Allstate has reported $632 million pre-tax of catastrophe losses from April 2020, largely driven by severe convective storms and severe weather events. It’s a heavy start to the year for the annual aggregation of losses against Allstate’s reinsurance provided by its Sanders Re catastrophe bonds. The annual risk period for a…

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Mortgage ILS Covid-19 dislocation to elevate reinsurance costs: A.M. Best

The current dislocation of the mortgage insurance-linked securities (ILS) market due to the Covid-19 pandemic is likely to cause mortgage reinsurance rates to rise, impacting the originate to distribute model of many mortgage insurers. Over the last few years, issuance of mortgage insurance-linked securities (ILS), or mortgage insurance linked notes (ILN), has become a significant…

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Association’s propose federal program for “uninsurable” pandemic risk

U.S. insurance and reinsurance industry associations have launched a proposal for a industry-backed pandemic risk backstop, called the Business Continuity Protection Program (BCPP) as an alternative to the legislative proposal for a Pandemic Risk Insurance Act (PRIA) reinsurance backstop. The National Association of Mutual Insurance Companies (NAMIC), the American Property Casualty Insurance Association (APCIA), and…

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Hurricane season forecast for “above-normal” activity: NOAA

The 2020 Atlantic tropical storm and hurricane season is forecast to have a 60% chance of “above-normal” levels of activity by NOAA, with the agency calling for between 6 and 10 hurricanes to form over the coming months. The forecast from NOAA joins almost every other in calling for a season of above average levels…

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