Financial
The Best Casino Stocks Now, Ranked In Order
Updated on March 17th, 2020 by Aristofanis Papadatos As the saying goes, the house always wins. Casinos operate strong business models, as casinos earn a virtually guaranteed profit from the sum of the bets they receive. The relatively attractive economics of casinos make the industry worthy of a closer look. Investors may be particularly intrigued…
Read MorePG&E gains $23bn financing approval to fund bankruptcy settlement
Pacific Gas and Electricity (PG&E), the wildfire stricken California focused electrical utility operator, has been approved to secure $23 billion of financing to assist in paying its bankruptcy related settlements, which may further accelerate the awaited subrogation payments it owes rights holders. Yesterday the bankruptcy court approved PG&E to secure and use up to $23…
Read MoreTyphoon Hagibis loss development better than feared: Analysts
According to analysts, loss development from last year’s Japanese typhoon Hagibis is not following the same path as 2018’s Jebi, with the current prognosis being that development is much better than feared. After the industry-wide experience with 2018’s typhoon Jebi and the resulting slow, creeping loss development, the insurance, reinsurance and insurance-linked securities (ILS) markets…
Read MoreStopping the motor of the world
“What a crazy day,” Kim said yesterday after she got home from work. “Coronavirus?” I asked. “Yeah,” she said. “My schedule fell apart, which I figured it would. But I did see three patients in the morning. All three were doctors. Obviously, they thought it was safe to see the dentist. A lot of others…
Read MoreThe 6 Big Oil Supermajor Stocks Ranked From Best To Worst
Updated on March 17th, 2020 by Bob Ciura In general, energy stocks are highly regarded among income investors for their high dividends. This makes the sector a favorite of income investors looking for potential high yield stocks. There are many energy stocks that fall on our list of high-dividend stocks. You can download your full…
Read MoreNo coronavirus contagion for the catastrophe bond market: Seo
It’s business as usual in the catastrophe bond market despite the global crisis of the Covid-19 coronavirus outbreak, according to John Seo, Co-Founder and Managing Director of Fermat Capital Management. Commenting in a recent communication to his investors on the coronavirus outbreak, its effects on global financial markets and whether that has affected catastrophe bonds,…
Read MoreAspen moderates appetite for U.S. and Japanese catastrophe risk
Bermuda headquartered insurance and reinsurance group Aspen Insurance Holdings Limited has adjusted its risk appetite for certain exposures following recent catastrophe loss challenges. In reporting its annual results this week, as our sister site covered earlier today, Aspen revealed $143.2 million of catastrophe losses for 2019, much lower than 2018’s $262.9 million and which the…
Read MoreAllstate’s new Sanders Re II cat bond sees higher pricing for riskier tranche
Price guidance for U.S. primary insurance giant Allstate’s latest catastrophe bond issuance, the $250 million target Sanders Re II Ltd. (Series 2020-1) transaction, has moved higher for the riskier layer of notes, we understand. The eleventh catastrophe bond sponsored by Allstate that we have listed in our extensive catastrophe bond Deal Directory, this new transaction…
Read MoreAmerican Integrity’s target for Integrity Re II cat bond lifts to $150m
Insurer American Integrity has lifted its target for its latest catastrophe bond, with the Integrity Re II Pte. Ltd. (Series 2020-1) transaction now aiming to secure the company up to $150 million of multi-year catastrophe reinsurance protection. The Integrity Re II 2020 deal launched at the beginning of the month, with American Integrity looking to…
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