Dividend Aristocrats In Focus Part 65: Carrier Global

Published on April 15th, 2020 by Eli Inkrot The Dividend Aristocrats are an exclusive group of companies that have not only paid but also increased their dividend for at least 25 consecutive years. Carrier Global (CARR) is a recent addition to the Dividend Aristocrats list, after it was spun off from Raytheon Technologies (RTX) following…

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Heritage appears to get more payouts from Citrus Re cat bond series

Heritage Insurance Holdings, Inc., the Florida focused property and casualty insurer, has benefited from more reinsurance recoveries under its Citrus Re catastrophe bond series of deals, with more tranches seeing principal reductions, one of which has now been allowed to mature. Heritage has been making reinsurance recoveries under some of its older catastrophe bonds, as…

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Sompo Int. targets London & Euro growth, but exits Lloyd’s for efficiency

Sompo International, the Bermuda headquartered specialty property and casualty insurance and reinsurance provider, is exiting the Lloyd’s market, saying that while it aims for significant growth in London and Europe it feels a consolidated company market platform is the way to go. The move will see Sompo International halt all underwriting within the Lloyd’s of…

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The Best DRIP Stocks: 15 No-Fee Dividend Aristocrats

Updated on April 15th, 2020 by Bob Ciura DRIP stands for Dividend Reinvestment Plan. When an investor is enrolled in a DRIP, it means that incoming dividend payments are used to purchase more shares of the issuing company – automatically. Many businesses offer DRIPs that require the investors to pay fees. Obviously, paying fees is…

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Tremor’s weekly ILW auction clears first trade, capacity & bidders rise

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has already cleared a trade in just the second holding of its new weekly auctions of industry loss warranties (ILW’s). Tremor launched the weekly online industry loss warranty (ILW) auctions from April 2nd 2020, aiming to bring together protection buyers with reinsurance and retrocession capacity…

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Global Parametrics puts NDF capacity behind Arbol-powered weather risk pilot

Global Parametrics, the parametric and index-based disaster risk transfer company, is putting capacity from the Natural Disaster Fund (NDF) that it manages behind a new weather insurance pilot for coffee farmers in Costa Rica that is powered by Arbol’s technology and smart contract driven marketplace for weather risk transfer. To launch this pilot weather risk…

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$500bn Pandemic Risk Insurance Act (PRIA) reinsurance program in the works

Draft legislation to form a U.S. Federal government backed reinsurance program for pandemic insurance claims is under discussion in the halls of power, with a bill perhaps ready to be submitted to the House before the end of this month. As we explained back on March 25th, the U.S. House Financial Services Committee called for…

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Hiscox ILS funds not exposed to UK SME business interruption claims

Insurance and reinsurance firm Hiscox Group has stated that none of the insurance-linked securities (ILS) funds under management of its Hiscox Re Insurance Linked Strategies Ltd. unit hold any exposure to the insurers UK SME business policies, which are the subject of some legal claims as a result of the coronavirus pandemic. A number of…

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