Financial
Louisiana Citizens sponsors Catahoula Re 2020 cat bond in Singapore
Louisiana Citizens Property Insurance Corporation, the non-profit state mandated insurer of last resort, is back in the catastrophe bond market for its first transaction located in Singapore, with a currently $50 million Catahoula Re Pte. Ltd. (Series 2020-1) deal. Louisiana Citizens has been better known for its Pelican Re series of catastrophe bond deals through…
Read MoreCooper Gay acquires Meteo Protect, Gabriel Gross to lead new parametric unit
Cooper Gay France, the European broker and wholesale managing general agency (MGA) that is part of the BGC Partners broking group, has acquired Meteo Protect, the specialist parametric and weather index insurance underwriting agency and Lloyd’s coverholder, we can reveal. Meteo Protect is a leading specialist in the structuring, pricing, broking and underwriting of weather…
Read MoreGlobal Atlantic sees Ivy life & annuity investment vehicle as akin to a sidecar
Leading United States life, retirement and annuities insurance and reinsurance company Global Atlantic explained to us that it sees its newly launched life and annuity co-investment vehicle named Ivy as akin to the sidecars that are a feature of the insurance-linked securities (ILS) market. Global Atlantic Financial Group Limited launched the Ivy Co-Investment Vehicle LLC…
Read MoreLack of exclusions, poor wordings the Covid-19 BI threats to reinsurers & ILS
The majority of analysts and observers do not believe that the reinsurance and insurance-linked securities (ILS) industry faces a tidal wave of business interruption claims as a result of the coronavirus pandemic. Ongoing legal action continues to push for claims to be honoured, but in the majority of cases adequate exclusions do exist and it…
Read MoreCredit Suisse ILS’ reinsurers Kelvin Re & Humboldt Re have ratings affirmed
The two Guernsey domiciled rated reinsurance vehicles managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team have had their ratings affirmed and their underwriting strategies tweaked to reduce the volatility in their results going forwards. Rating agency A.M. Best highlights the balance-sheet strength of each of the rated reinsurance…
Read MoreBest of Artemis, week ending 19th April 2020
Here are the ten most popular news articles, week ending 19th April 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
Read MoreThe 100 Highest Beta Stocks In The S&P 500
Updated on April 18th, 2020 by Bob Ciura Spreadsheet data updated daily, constituents updated quarterly 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…
Read More2020 Updated List Of All Wilshire 5000 Stocks
Updated on April 17th, 2020 by Bob Ciura Spreadsheet data updated daily The Wilshire 5000 Total Market Index, or simply the Wilshire 5000 Index, is a market-capitalization-weighted index of all equities that are actively traded in the United States. Because of its depth and breadth, the Wilshire 5000 Index is an excellent place to look…
Read MoreWorld Bank pandemic bonds & swaps triggered, will pay out $195.84m
The World Bank issued pandemic catastrophe bonds and pandemic risk-linked swaps have now been triggered and will pay out $195.84m, we’ve learned today, after the final trigger parameter of the growth-rate of coronavirus cases turned positive. Sources told us that the all-important growth rate factor turned positive as of March 31st, which was the final…
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