Financial
Here’s the status of a second round of IRS stimulus checks
Lawmakers are still debating whether to have the IRS send out a second round of coronavirus stimulus checks to the general public. However, many Americans…
The post Here’s the status of a second round of IRS stimulus checks appeared first on ValueWalk.
Read MorePalomar extends reinsurance tower to $1.4bn despite “hard” renewal
Palomar Insurance Holdings, the speciality California-based insurer that provides largely catastrophe exposed property covers, has renewed its reinsurance program to provide it with coverage up to $1.4 billion, despite market conditions it explains as “hard”. For the second year running, Palomar has added additional coverage to the top of its reinsurance tower, as it continues…
Read MoreFlorida’s “significant” renewal rate increases won’t match post-Katrina: KBW
Florida reinsurance renewal rate increases are expected to be “significant” but are unlikely to match the increases seen in the post-Katrina market except in some extreme cases, according to analysts at KBW. The analysts have held meetings with Florida market participants in recent days and with the June 1st reinsurance renewal just around the corner,…
Read MoreApril Dividend Income from YOU the Bloggers!
Dividend income changing with business decisions being made. Unemployment can cross 20%, 25% or even 30%, potentially. New government aid bills are being mass-forced into approval processes. Should you open your business or keep it closed? The stock market can be up 2-5% one week and down 2-5% week the next. Volatile times indeed. Despite…
Read MoreThe Fair-Price CAPE Value Can Anchor Your Thinking About Where Stock Prices Are Headed
A friend of mine set me an e-mail when stock prices started falling a few weeks back. His stock broker had sent him an e-mail…
The post The Fair-Price CAPE Value Can Anchor Your Thinking About Where Stock Prices Are Headed appeared first on ValueWalk.
Read MoreLondon’s ILS development hampered by bureaucracy: London Matters report
London’s efforts to develop a market for insurance-linked securities (ILS) has been “hampered by bureaucracy” according to a new report from the market-wide body that represents the London specialist commercial insurance and reinsurance sector. The London Matters 2020 report from the London Market Group (LMG) and consultancy McKinsey explains that London was reacting to a…
Read MoreAllstate’s top-end target for Sanders Re II cat bond lifts to $200m
Insurance giant Allstate’s top-end target for its latest catastrophe bond transaction has been lifted to as much as $200 million, while at the same time price guidance for the Sanders Re II Ltd. (Series 2020-2) cat bond deal has been lifted to the top-end of initial guidance. Allstate returned to the catastrophe bond market a…
Read MoreNN Life transfers EUR 13.5bn of pension longevity risk to reinsurers
NN Life, part of the Nationale-Nederlanden (NN Group), has secured reinsurance arrangements with leading reinsurers Canada Life, Munich Re and Swiss Re to transfer all of the longevity risk associated with some EUR 13.5 billion of pension liabilities from the Netherlands. NN Group said that the longevity reinsurance arrangements will lower its required capital and…
Read MoreFlorida Citizens withdraws larger tranche of Everglades Re II 2020 cat bond
Florida’s Citizens Property Insurance Corporation has now pulled the largest $200 million tranche of Coastal Account linked notes from its Everglades Re II Ltd. (Series 2020-1 & 2020-2) catastrophe bond issuance, leaving just a $100 million tranche being marketed. It seems likely the move is a response to Florida reinsurance market conditions, as having already…
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