Financial
Reinsurers cite 25% – 45% Florida increases, as U-shape disappears: KBW
Reinsurance companies and brokers in Bermuda are calling for Florida renewal rate increases to be significant, averaging between 25% to 45% and also believe that they will be enduring, so perhaps set a new floor for catastrophe reinsurance pricing in the state. Analysts at KBW held meetings with Bermuda-based reinsurers and brokers yesterday and the…
Read MoreThird-party capital raising hit $2.2bn for RenRe in just over one-year
While overall insurance-linked securities (ILS) and third-party reinsurance capital has shrunk slightly over the last year or so, reinsurer RenaissanceRe bucked the trend and raised around $2.2 billion from investors in just over one-year. Raising capital has not been the priority for many in the ILS market in recent times, as the impacts from the…
Read MoreUK Met Office calls for above average Atlantic hurricane season
The United Kingdom’s weather forecaster the Met Office, the national meteorological service for the UK, has joined calls for an above average level of hurricane activity to occur during the 2020 Atlantic tropical storm season with its long-range forecast for the season ahead. The UK Met Office has forecast 13 named tropical storms, 7 hurricanes…
Read MoreGlobal Startup Survey Reveals COVID-19 Caused Fundings To Drop
As our world is shaken in the most dramatic way imaginable, it is time for our global startup community to get closer, support, and learn…
The post Global Startup Survey Reveals COVID-19 Caused Fundings To Drop appeared first on ValueWalk.
Read MoreJune 1st Florida reinsurance renewals hit by “perfect storm” – TigerRisk’s O’Neill
The Florida reinsurance renewals have been hit by a “perfect storm” of market conditions, according to TigerRisk Partners exec Brian O’Neill, who who says support from core reinsurance partners will be critical to help carriers weather the storm. As we explained yesterday, Florida reinsurance renewal pricing is reportedly up on average 20% or higher on…
Read MorePeak Re in $12.32m mid-year Lion Rock Re sidecar issuance
Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, has sponsored another collateralised reinsurance sidecar transaction, featuring a single $12.32 million tranche of notes that were issued by the reinsurers Lion Rock Re Ltd. special purpose vehicle. It’s the third issuance from the Lion Rock Re fully collateralised reinsurance sidecar…
Read MoreIrrational pricing drove Florida Citizens to pull cat bond layer: CFO Montero
Florida’s Citizens Property Insurance Corporation withdrew one layer of its latest issuance from the catastrophe bond market at the mid-year renewal, as it found that capital market investors are looking for “irrational returns” and wasn’t willing to lock in pricing over a multi-year basis at those rates, CFO Jennifer Montero explained to us. As we…
Read MoreHC2 Agrees To Add MG Capital’s Nominees For The Board
HC2 Holdings agreed to add MG Capital Partners nominees Michael Gorzynski and Kenneth Courtis to its board last week, handing the activist a partial win…
The post HC2 Agrees To Add MG Capital’s Nominees For The Board appeared first on ValueWalk.
Read MoreHorizon Global with only 12% U.S. workforce gets nearly $9M
Multi-National, Horizon Global Corp, With Only 12% U.S. Workforce Gets Nearly $9M In Small Business Funding Q1 2020 hedge fund letters, conferences and more WASHINGTON,…
The post Horizon Global with only 12% U.S. workforce gets nearly $9M appeared first on ValueWalk.
Read More