Will Congress approve a fourth round of coronavirus stimulus checks?

fourth, coronavirus, stimulus checks

The House of Representatives has already passed a $1.9 trillion relief package. Now the bill is awaiting approval in the Senate. Democrats aim to get the president’s approval on the relief package by Mar. 14. If things go according to plan, all eligible people will likely get their checks by mid-April, but what will happen […]

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HSCM & Cornell seek growth for insurtech Vault now acquisition complete

Hudson Structured Capital Management Ltd., investing in insurance and reinsurance as HSCM Bermuda, and private investment firm Cornell Capital LLC, are seeking growth for Vault, their just acquired specialist tech-focused provider of personal insurance to high-net-worth clients. Hudson Structured, the insurance-linked securities (ILS), reinsurance and transportation investment firm, was an early investor in Vault, taking…

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Universal targets first cat bond with $100m Cosaint Re from Singapore

Universal Insurance Holdings, the Florida headquartered, nationally expansive U.S. primary insurance carrier, has entered the catastrophe bond market for the first time with a $100 million Cosaint Re Pte. Ltd. (Series 2021-1) transaction that is being issued out of Singapore. Universal has always been a significant user of the capital markets and insurance-linked securities (ILS)…

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Tokio Marine seeks $150m Kizuna Re III cat bond from Singapore

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, is back in the insurance-linked securities (ILS) market seeking its fifth Kizuna Re catastrophe bond with a $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transaction that is being issued out of Singapore. It will be the seventh catastrophe bond…

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Winter storm at $12bn – $18bn only attritional to aggregate cat bonds: Plenum

The recent severe winter storm losses in the United States are only expected to have an attritional effect on certain aggregate catastrophe bonds, while per-occurrence bonds are expected to escape loss, according to Plenum Investments. The Zurich-headquartered specialist catastrophe bond and insurance-linked securities (ILS) investment manager noted that multi-peril aggregate cat bonds, providing reinsurance to…

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Aon to help insurers transfer emerging liability risks to the capital markets

Insurance and reinsurance broker Aon is working in collaboration with Praedicat to develop named peril liability reinsurance products to help insurers transfer emerging liability risks such as those related to nanomaterials and 5G to traditional reinsurers and also the capital markets. The idea is to address product liability risks from new and emerging technologies, developing…

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Lockton Re hires Aon ILW practice head Parcell in Bermuda

Lockton Re, the reinsurance business of the privately held independent global broking firm, has announced a key hire in Bermuda, taking Thomas Parcell from Aon as its new Chief Broking Officer on the island. Lockton Re has been building out its Bermuda platform of late and Parcell marks a key move into the non-marine retrocessional…

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Ormat: Dirty Dealings in ‘Clean’ Energy

Ormat

Hindenburg Research‘s short report on Ormat Technologies, Inc. (NYSE:ORA). Q4 2020 hedge fund letters, conferences and more Ormat Technologies, Inc. (ORA) Today we reveal how ESG-darling Ormat, a developer and operator of geothermal power plants, has engaged in what we believe to be widespread and systematic acts of international corruption. We expect the blowback to […]

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