Two Resilience Re private cat bond maturities extended another year

The maturity dates for two private catastrophe bonds that were issued through the Willis Towers Watson operated Resilience Re Ltd. platform have been extended by another year, to allow for ongoing development of losses to the subject business. The private cat bond transactions in question are a $173 million Resilience Re Ltd. (Series 1741A) and…

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Covid-19 BI an existential threat, reinsurance capital availability key: Willis Re

Business interruption claims from the Covid-19 coronavirus pandemic pose an “existential threat” to the entire reinsurance industry, broker Willis Re said today. At the same time, the pressures from the pandemic are likely to push re/insurers to support their capital through de-risking and hedging, making reinsurance capital availability key. Of course, this also positions the…

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SCOR’s Atlas Capital 2020 cat bond lifted to $200m at top-end price

SCOR, the global reinsurance company, has successfully priced its latest catastrophe bond Atlas Capital Reinsurance 2020 DAC (Series 2020-1) at its original target size of $200 million, but with pricing now at the top-end of an elevated guidance range. SCOR had originally returned to the catastrophe bond market in mid-March with its new Atlas Capital…

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Healthcare of Ontario Pension Plan (HOOP) on diversification into ILS & Covid-19

A shift from equities into alternative asset classes including insurance-linked securities (ILS) has helped to cushion the blow of the market volatility seen as a result of the Covid-19 coronavirus for the Healthcare of Ontario Pension Plan (HOOPP). The latest large Canadian institutional retirement fund to target the insurance-linked securities (ILS) market as a source…

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Guest Post – Best Ways to Save for a Car

Tonight we have a guest post!  Guest post is from Ruby Hamilton.  Ruby is a blogger and freelance writer who loves to express her thoughts towards online communities.  She specializes in making the informative articles and to increase awareness.  Today she brings us her Best Ways to Save for a Car! Best Ways to Save…

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Will Amazon Ever Pay A Dividend?

Updated on April 22nd, 2020 by Bob Ciura Over the past decade, many technology companies such as Apple, Inc. (AAPL), Cisco Systems (CSCO) and more have initiated dividend payments to shareholders. There are now over 300 dividend-paying technology stocks, which makes the technology sector a surprisingly good source of dividend payers. While the technology industry…

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Covid-19 P&C insurance industry loss estimated $40bn – $80bn: Dowling

The property and casualty (P&C) insurance industry loss from Covid-19 pandemic related claims is estimated in a range from $40 billion to as high as $80 billion by analysts at Dowling & Partners. The Dowling & Partners analysts put this estimate as their working assumption of the eventual claims load for the P&C insurance industry…

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Chubb classifies Covid-19 as a catastrophe event

Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss event and expects it to have a meaningful impact on earnings in the second-quarter. In announcing its first-quarter results yesterday, Chubb revealed just $13 million of pre-tax losses due to the impacts of the Covid-19…

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