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American International Group (AIG) has reduced its aggregate reinsurance tower’s limit to $2.05 billion for 2021, down from $2.5 billion in 2020. The 18% reduction in limit for AIG’s aggregate reinsurance tower is not the whole picture though, as the global carrier has also lowered the bottom-end as well, with the aggregate property catastrophe reinsurance…
Read MoreIt’s no secret that Costco’s bulk discounts draw crowds — much like their tasty sample stations sprinkled throughout the store. Since 1976, the company has offered pared-down service in exchange for affordable prices on food, household essentials, beauty products, pet supplies and other everyday items. Certainly, Costco is not the first place that comes to…
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The insurance-linked securities (ILS) marketplace could put itself at risk of a potentially damaging “credibility gap” if it over promises on environmental, social and governance (ESG) alignment, Synpulse Management Consulting has warned. During the third-quarter of 2020 we teamed up with boutique consulting firm Synpulse Management Consulting to conduct a survey of the maturity of…
Read MorePaying federal income taxes on Social Security benefits is a source of great irritation for millions of retirees. After years of coughing up payroll taxes to support the system, some retirees find it galling to be on the hook for an additional levy once they begin receiving benefits. Even worse, depending on where you live,…
Read MoreRemember the good old days, when things were cheap? Now, before you begin pining for yesteryear, remember that prices weren’t really that cheap in the past. Take the cost of consumer goods in the 1950s. When inflation is factored in, you’ll be a bit less nostalgic for the days of poodle skirts and hula hoops.…
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The ongoing renegotiation and fine tuning of terms and conditions related to insurance-linked securities (ILS) capital deployment continued at the key January reinsurance renewals, with ILS fund managers gaining some more ground. Terms and conditions had weakened across the reinsurance and ILS market during the prolonged period of softening of market pricing and rates. Since…
Read MoreRemember the good old days, when things were cheap? Now, before you begin pining for yesteryear, remember that prices weren’t really that cheap in the past. Take the cost of consumer goods in the 1950s. When inflation is factored in, you’ll be a bit less nostalgic for the days of poodle skirts and hula hoops.…
Read MoreThis story originally appeared on Roofstock. COVID-19 has brought tremendous volatility to many economic sectors, and one area where the effects have been felt most strongly is real estate. In most areas, the onset of the pandemic last spring temporarily brought the real estate market to a standstill. Economic uncertainty was high as businesses shut…
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The Australian Reinsurance Pool Corporation, which administers Australia’s terrorism insurance scheme, has renewed its retrocessional reinsurance program with $3.475 billion of coverage, with limit secured slightly up on the prior year as it reduced its retention by $25 million. The $3.475 billion retrocessional reinsurance program works in tandem with ARPC’s net assets and a $10…
Read MoreHere are the ten most popular news articles, week ending 21st February 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
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