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PGGM, the Dutch pension fund administrator and investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, added a relationship with global reinsurance firm PartnerRe in 2019, as it expanded its ILS partner roster to ten. PGGM, which invests in the ILS and reinsurance market on behalf of one of…
Read MoreLast week, President Trump said the Administration will urge the US Supreme Court to overturn the entire 2010 Affordable Care Act. While the High Court…
Read MoreThe coronavirus pandemic has changed many things — including the return policies of several stores. During these exceptional times, some major retailers temporarily have stopped taking returns. In some cases, you can get a refund or replacement if there was a quality issue with a food you purchased. But outside that narrow reason for a…
Read MoreSocial Security recipients saw a 1.6% bump in their benefit payments this year on account of inflation. But it has done little to help counteract the erosion of Social Security benefits’ purchasing power, according to an analysis by the Senior Citizens League. The organization’s “2020 Loss of Buying Power Study” found that benefits have lost…
Read MoreOriginally published by Matthew Goldberg on Bankrate.com. It doesn’t matter the industry or the occupation, a furlough can happen to just about anyone. That’s why it’s important for those dealing with the financial difficulties of a recent coronavirus-driven furlough to know there are a number of ways to try to stay afloat when you’re not…
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Renaissance Re, the Bermuda-based reinsurance underwriter and manager of increasing amounts of third-party capital, believes that Covid-19 uncertainty means “substantial amounts of collateral will be trapped” at the end of 2020, the firms CEO Kevin O’Donnell has said. Trapping of collateral has always been expected, given the uncertainty over potential losses facing reinsurance and retrocession…
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Reinsurance companies are set for their fourth technically unprofitable year of underwriting in a row according to rating agency Fitch, who forecast that combined ratios across the sector will rise to 103.5% due to the impact of Covid-19 losses. This has implications for insurance-linked securities (ILS) investors and ILS funds, not just in the fact…
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Key Findings Average wage earners in the OECD have their take-home pay lowered by three major taxes: individual income, payroll (both employee and employer side), and value-added (VAT) and sales taxes. Before accounting for VAT and sales tax, the average tax burden a single average wage earner faced in the OECD was 36 percent of…
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As I stand in line at a Tampa Lowe’s today in the middle of a global pandemic, I cannot help but note the vast differences in people’s behavior around me. There is a complete dichotomy in the ways in which individuals are responding to COVID-19. Some customers who err on the side of safety are…
Read MoreEmployees are worried about whether they can return to work safely. Original Article Posted at : https://www.accountingtoday.com/news/cfos-hopeful-about-reopening-businesses-amid-coronavirus-but-employees-remain-fearful
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