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Bermudian specialist insurance and reinsurance firm AXIS Capital reported a drop in fee income earned from the use of third-party and insurance-linked securities (ILS) capital within its business, as cessions to investors declined considerably in the first-quarter of 2020. This was to be expected at the end of this quarter, as we reported in February,…
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AlphaCat Managers, the insurance-linked securities and collateralised reinsurance investment manager entity of insurance giant American International Group’s (AIG) delivered its parent $10 million of income for the first-quarter of 2020. At the same time, the amount of ILS and reinsurance assets under management of AlphaCat Managers dipped slightly in the period, to end the first-quarter…
Read MoreAs we age, our health risks increase. After all, none of us is going to live forever. However, we all can improve the odds of a longer, more healthful life simply by avoiding the following deadly health mistakes people tend to make after age 50. One note: Consult your doctor before undertaking some of the…
Read MoreThe number of health savings accounts held by Americans continued its quiet climb last year. It exceeded 28 million at the end of 2019 — an increase of 13% from the end of 2018, according to an analysis by the Devenir Group, a firm that serves the HSA investment industry. This is just one of…
Read MoreOne day, I noticed my puppy was acting strangely. She walked a few steps, stumbled, fell over and slowly got back up, only to fall over again. I realized her tummy was extremely bloated. I rushed her to the vet. The vet examined her for a few minutes and started to chuckle. Then my puppy…
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Insurance giant Allstate has returned to the catastrophe bond market for a second time in 2020, something the company has not done since 2017. With a $150 million Sanders Re II Ltd. (Series 2020-2) transaction that seeks Florida specific multi-peril reinsurance for the insurers subsidiaries in the state. It’s the first time Allstate has returned…
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Peak Re said this morning that its previously announced acquisition of Bermuda-based insurance-linked securities (ILS) asset manager Lutece has now completed and the unit is being rebranded as Peak Capital. Lutece founder Erik Manning and Peak Re’s Managing Director of Underwriting, Lawrence Cheng, are to lead the new unit as the Co-CEOs of Peak Capital.…
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France headquartered global reinsurance company SCOR said it is pleased with the support investors have shown its latest catastrophe bond, the $200 million Atlas Capital Reinsurance 2020 DAC (Series 2020-1) transaction, while also praising the Irish regulators efficiency and the fact it resulted in a Solvency II first. SCOR’s latest catastrophe bond sponsorship was not…
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As the coronavirus pandemic continues to expose shortcomings in our health care system, an outdated law in many states limits the ability of specific health care workers, physician assistants (PAs), to deploy and provide emergency care. In Washington State, a PA must have a delegation agreement filed with the Department of Health, which identifies a…
Read MorePresident Donald Trump has fixed his sights on getting a payroll tax cut in the next coronavirus stimulus bill, but it’s unclear whether he can get Republicans — much less Democrats — to go along with such a high-cost item that likely would have only a modest impact on the economy. Original Article Posted at…
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