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The latest catastrophe risk and stress testing analysis by the Bermuda Monetary Authority (BMA) of its property and casualty insurance and reinsurance market shows up some interesting trends in the use of specific types of hedging, reinsurance and retrocession arrangements. Having surveyed its marketplace based on 2019 data, the results show that the mix of…
Read MoreThe House of Representatives and Senate passed the new coronavirus stimulus package late Monday — paving the way for the federal government to start sending stimulus payments of $600 per person to those who are eligible. The last step is for President Donald Trump to sign the legislation into law. Then, IRS will aim to…
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Have you recently discovered an entry from CitiCards CBNA on your credit report? If so, it’s likely the result of an application for one of Citibank’s credit cards. Applying for loans or credit cards can lead to a hard inquiry on your credit report. While that’s nothing to worry about in most cases, if you…
Read MoreThe national divorce rate has fallen over the past 10 years, according to recent U.S. Census Bureau data. There were 7.6 new divorces per 1,000 women in 2019, compared with 9.7 per 1,000 in 2009. That trend also held in most of the states where divorce is most common — though not all of them.…
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Coming across a name you don’t recognize on your credit report can be alarming. That’s the case for many consumers when they find an entry from SYNCB/PPC. However, the acronym is actually short for two popular companies, Synchrony Bank and PayPal Credit, formerly PayPal Bill Me Later. If you’ve ever used PayPal’s credit or applied…
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Hudson Structured Capital Management Ltd. has entered the Special Purpose Acquisition Company, or SPAC marketplace, with a new insurance, reinsurance and insurtech focused company named Kairos Acquisition Corp. that will target raising $200 million or more in its initial public offering (IPO). It’s no surprise to see Hudson Structured Capital Management, the Michael Millette founded transportation,…
Read MoreCoupons can help you score everyday products on the cheap if you know a few tricks. And coupon stacking might be the best trick of all. It’s the practice of applying multiple coupons, such as a manufacturer coupon and a store coupon, to a single product. Few retailers allow coupon stacking, but the following are…
Read MoreThis story originally appeared on DollarSprout. Convenience has become increasingly important to people these days. Given how busy our schedules are, it’s easier to have packages, groceries, restaurant meals and prescriptions delivered instead of using our limited free time to run errands. If you’re looking for a way to make some extra cash, and you’re…
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Arch Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has now completed its fourth mortgage insurance-linked securities (ILS) issuance of 2020, closing the Bellemeade Re 2020-4 Ltd. issuance at $321 million in size. Arch Capital returned to the capital markets for a fourth Bellemeade Re mortgage insurance-linked securities (ILS) issuance of 2020…
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Leadership in the U.S. House and Senate came to an agreement in December over the details of a $900 billion COVID-19 relief bill, (Consolidated Appropriations Act, 2021) to be attached to a broader $1.4 trillion omnibus which will fund the federal government for the 2021 fiscal year. The COVID-19 relief bill extends and modifies several provisions first enacted in…
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