Financial
SCOR gains 6.6% price increase at April reinsurance renewals
French reinsurer SCOR has reported that it experienced a 6.6% increase in pricing across its book, while premiums underwritten rose by almost 6% as well, at the recent April 1st reinsurance renewals. SCOR has consistently sought to expand its reinsurance book at renewals in recent years, deploying more capacity at times where it feels it…
Read MoreNew York MTA to renew MetroCat Re parametric cat bond. Launches $100m deal
The New York Metropolitan Transportation Authority (MTA) has returned to the catastrophe bond market for the third time, seeking to sponsor an at least $100 million renewal of its soon to mature parametric cat bond coverage with a new MetroCat Re Ltd. (Series 2020-1) transaction. The transport operator had secured $125m of parametric New York…
Read MoreBeazley says Covid-19 losses to reach $170m after reinsurance
Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has revealed an expected Covid-19 claims burden of $170 million net of reinsurance across its business. We would expect some of that loss to be shared with investors backing the companies third-party capital arrangements. In a trading update today, Beazley said that its first-quarter result…
Read MoreHannover Re withdraws 2020 profit guidance on Covid-19
Germany headquartered reinsurance firm Hannover Re has withdrawn its profit guidance for 2020 due to the uncertainty over claims from the Covid-19 pandemic and the capital market environment. Hannover Re follows its rival Munich Re, which withdrew its full-year 2020 profit guidance at the start of this month. Hannover Re explained there is “increased uncertainty”…
Read MoreFronting start-up Obsidian hires program specialist Larkin as CUO
Fronting insurance holding company Obsidian has announced the hiring of program underwriting specialist Dan Larkin as the firms new Chief Underwriting Officer. Obsidian Insurance Holdings, Inc. was launched last month as a fronting insurance holding company with $100 million of capital and a goal to become a conduit to connect risk with reinsurance and alternative…
Read MoreTigerRisk takes strategic PE investment from Flexpoint Ford
TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, is targeting accelerated and growth has taken a strategic investment from private equity specialist Flexpoint Ford LLC. The investment by the private equity investor will provide TigerRisk Partners with access to significant capital and resources, while the investor Flexpoint Ford will also bring…
Read MoreThe Highest Sharpe Ratio Stocks Within The S&P 500
Updated on April 21st, 2020 by Bob Ciura The goal of most investors is to either: Maximize returns given a fixed level of risk Minimize risk given a particularly level of desired returns Perhaps the best metric for analyzing both risk and return is the Sharpe Ratio. With that in mind, we’ve compiled a list…
Read MoreThe S&P 500 Stock With Negative Beta
Updated on April 21st, 2020 by Bob Ciura Spreadsheet data updated daily In the world of investing, volatility matters. Investors are reminded of this every time there is a downturn in the broader market and individual stocks that are more volatile than others experience enormous swings in price in both directions. That volatility can increase…
Read MoreILS funds marking some positions for potential Covid-19 exposure
A number of insurance-linked securities (ILS) fund managers have proactively marked-down some collateralised reinsurance positions, seeing a risk of potential exposure and perhaps even some losses caused by the Covid-19 pandemic. Insurance-linked securities (ILS) funds and other collateralised providers of reinsurance or retrocession don’t have the luxury of a weekly pricing sheet (like the catastrophe…
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