Financial
Travelers result dented by Covid-19, catastrophes & Tennessee tornadoes
U.S. primary insurer Travelers has reported a decline in its first-quarter net income, with the major dent to the result seemingly being elevated catastrophe losses, with the Tennessee tornadoes in March a key driver. The tornadoes that struck near Nashville in Tennessee at the beginning of March have been estimated as a potential billion dollar…
Read MoreAlternative reinsurance capital returned to growth in Q4 2019: Aon
Alternative reinsurance capital, for deployment into insurance-linked securities (ILS), collateralised contracts and catastrophe bonds, returned to outright growth in the fourth-quarter of 2019, ending the year up 2% on the prior quarter, but still -2% down on the end of the previous year. Insurance and reinsurance broker Aon has published its latest figures on global…
Read MoreCovid-19 pandemic a “natural disaster” rules Pennsylvania Supreme Court
The Pennsylvania Supreme Court has ruled that the Covid-19 pandemic constitutes a “natural disaster” potentially setting an unwelcome precedent for some in reinsurance and insurance-linked securities (ILS). As concerns remain about the potential for a tidal wave of business interruption claims as a result of the coronavirus pandemic, every ruling is being closely watched to…
Read MoreReinsurers should preserve capital, prices to harden at renewals: S&P
Reinsurance companies need to focus on capital preservation in order to offset the impacts in terms of losses and investment declines from the Covid-19 pandemic, according to S&P Global Ratings. While this may drive some increased demand, as reinsurers look to protect their portfolios and in particular hedge out extreme catastrophe risks using retrocession, any…
Read MoreCatlin chairs UK pandemic industry group, looks to Pool Re on reinsurance
A steering group has been formed by UK insurance and reinsurance industry leaders with Stephen Catlin of Convex as Chair, to work with UK government backed mutual terrorism reinsurance firm Pool Re to strengthen the industry’s response to future pandemics. With the significant impact of the Covid-19 coronavirus pandemic on the insurance and reinsurance sector…
Read MoreThe 100 Lowest Beta Stocks In The S&P 500
Updated on April 20th, 2020 by Bob Ciura 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. Volatility is a proxy for risk; more volatility generally means a…
Read MoreWhich financial apps, products, and services should we review?
Every Monday morning, Tom and I have a Zoom call to discuss the coming week’s priorities for this site. For the past couple of months, we’ve been focused on behind-the-scenes stuff as we prepared to launch the redesign. (That, and I was working on my course for Audible.) Now that the redesign is (mostly) finished,…
Read MoreSwiss Re seeks $200m named storm retro with Matterhorn Re 2020-3 cat bond
Global reinsurance company Swiss Re is back with what will be its fourth catastrophe bond in less than one year, as it seeks another $200 million or greater of U.S. named storm retrocessional support from the capital markets with Matterhorn Re Ltd. (Series 2020-3). Having been away from the catastrophe bond market as a sponsor…
Read MoreFive Top Gaming Stocks For 2020
Published on April 20th, 2020 by Harvi Sadhra This is a guest contribution by Harvi Sadhra of Hashtag Investing. Hashtag investing is an exclusive community for active investors to get real-time feedback and discover compelling stocks and strategies any time. At the height of COVID-19, gaming stocks are making new highs. As the world is…
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