Financial
Dead Cat Bounce? Bears Aren’t Taking Prisoners Now
Right from the open, stocks have been losing altitude yesterday, and value couldn‘t indeed overpower the tech slide. Long-dated Treasuries had a climactic day of incomplete reversal on outrageous volume. Regardless of the evidence of asset price inflation, there is almost universal short-term vulnerability, and yesterday‘s broad based selling spanning precious metals and commodities, confirms […]
The post Dead Cat Bounce? Bears Aren’t Taking Prisoners Now appeared first on ValueWalk.
Read MoreShields Up
Shields up on the Starship Enterprise (via Laser Fire Creations). Q4 2020 hedge fund letters, conferences and more Correlations Converging To One Looks like we spoke too soon when we wrote Bitcoin Bounces Back. As we type this early Friday morning, Bitcoin prices are tumbling back to Tuesday’s lows. Bitcoin’s not alone. Checking futures now, […]
The post Shields Up appeared first on ValueWalk.
Read MoreSiriusPoint launches with over $3bn, adds Montross & Ludlow to directors
SiriusPoint Ltd. has launched as a new international specialty insurance and reinsurance company today, starting with over $3 billion of capital. SiriusPoint has been formed through the merger of Third Point Re and Sirius Group, expanding the remit of both firms and significantly increasing their footprints through the combination. “I am delighted to announce the…
Read MoreCoronavirus stimulus checks: How you might get $3100 in tax savings with $1.9T bill
Almost everyone is talking about the $1,400 stimulus checks that the next relief package could bring. Not many are aware that the $1.9 trillion package, if approved, could bring even more benefits in the form of tax savings, than the $1,400 coronavirus stimulus checks. Q4 2020 hedge fund letters, conferences and more More in tax […]
The post Coronavirus stimulus checks: How you might get $3100 in tax savings with $1.9T bill appeared first on ValueWalk.
Read MoreHurricane-level winter storm claims to drive billions of losses: Aon
Insurance and reinsurance broker Aon has offered its view on the recent winter storm activity in the United States, saying that an expected “hurricane-level” of claims from the winter storm “will translate to payouts well into the billions of dollars.” Aon’s Impact Forecasting unit has not provided a loss estimate and so still the only…
Read MoreNFIP reinsurance hits high with new $575m flood catastrophe bond
The U.S. Federal Emergency Management Agency (FEMA) has continued to spread its risk with its latest visit to the catastrophe bond market, as its $575 million FloodSmart Re Ltd. (Series 2021-1) cat bond has lifted its reinsurance program for the National Flood Insurance Program (NFIP) to a new high. FEMA returned to the catastrophe bond…
Read MoreRSA cuts GVC aggregate reinsurance, balancing cost vs protection
RSA Group, the UK based insurance group, has cut its main Group Volatility Cover, an aggregate reinsurance protection, as it balanced cost against the protection it offered at the January 2021 reinsurance renewals. RSA has cut the Group Volatility Cover (GVC) reinsurance tower by one-quarter, only electing to place it to 75% at the January…
Read MorePool Re upsizes retro to $3.5bn, but no new ILS capital included
UK government backed mutual terrorism reinsurance firm Pool Re has secured another increase in size to its retrocession program, lifting it to almost US $3.5 billion at the latest renewal, but still insurance-linked securities (ILS) capacity remains limited to its previous catastrophe bond. Pool Re placed its UK £2.475 billion (US $3.5bn) retrocession programme for…
Read MorePartnerRe’s third-party capital assets surpass $1bn
PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has significantly grown its third-party capital assets under management, lifting them above $1 billion around the January 2021 renewals. PartnerRe has been managing third-party or alternative reinsurance capital for many years, with a successful quota share sidecar program and a range of other collateralized reinsurance structures…
Read More