Financial
ILS market COVID-19 losses “kicked down the road”, AM Best warns
The fact cedents allowed insurance-linked securities (ILS) capital to be rolled over into reinsurance renewals rather than trapping it for potential losses from the pandemic, for the ILS market “amounts to kicking the can down the road for COVID-19-related losses,” according to AM Best. The rating agency warns that this could come back to bite…
Read MoreCoronavirus stimulus checks: Some couples to get payment in two parts
Millions of people have received the third stimulus check, and millions more should get it soon, including couples filing jointly. Some couples, however, might have received only half the amount of the stimulus payment they were eligible for. If you also filed as a couple and got half the payment, then don’t worry, the balance […]
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Read MoreUS deep freeze looks like $10bn to $12bn property cat loss: Albertini, Leadenhall
February’s deep freeze and winter storm catastrophe event looks set to drive a property catastrophe reinsurance market loss of somewhere in a range from $10 billion to $12 billion, Leadenhall Capital Partners CEO Luca Albertini believes. Speaking with us during a recent Artemis Live video interview, Albertini said that data and loss information is beginning…
Read More3 Creative Ways To Attract Customers To Your Online Store
You’ve managed to build your e-commerce website and post a ton of double-tap-worthy photos on your socials — you get the likes and the followers, but what matters is the customers. How do you attract customers to visit your online store? The answer is simple. Give them a reason to. Successful brands do more than […]
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Read More5 Tips To Establish Yourself As A Solo Entrepreneur
Becoming a successful solo entrepreneur is not as easy as one might think. Seeing all the success stories of established entrepreneurs, people often forget all the work and hardship that went into them behind the scenes. It requires a lot of endurance and determination to establish yourself as a solo entrepreneur. An estimated 90 percent […]
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Read MoreLow reinsurance retentions to help Australian insurers as flood claims rise
Australia’s flooding catastrophe event continues and has spread, with the Insurance Council warning that its estimate of losses has already reached A$254 million as of early today, while its designation of the catastrophe event has expanded to include South East Queensland. As of early today, the number of claims filed and recorded by the Insurance…
Read MoreTWIA targets $1.9bn of cat bonds & reinsurance, seeks pricing for extra $1bn
The Texas Windstorm Insurance Association (TWIA) will aim to secure $1.9 billion of protection before the hurricane season from a mix of catastrophe bonds and traditional reinsurance, but its Board also directed its broker to secure pricing for an extra potential $1 billion placement. The Texas Windstorm Insurance Association (TWIA) secured $2.1 billion of reinsurance…
Read MoreRed Cross cat bond an impressive example of humanitarian ILS: Plenum
The recent completion of the world’s first pure volcanic risk catastrophe bond for its sponsor the Danish Red Cross, is an impressive example of the use of insurance-linked securities (ILS) in the humanitarian field, according to one of the investors in the bond, Plenum Investments AG. The first volcano cat bond will provide financing to…
Read MoreHere Are Some Tax Deductions That property Investors Should Know About
Undertaking home renovations doesn’t always have to be because the area needs a refresh. Engaging in the makeover process could be for purely financial reasons. In fact, more property investors are seeking to improve capital values and increase rental income through renovation instead of purchasing a new home or building. Many investors are aware that […]
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