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AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance player, elected to let one of its catastrophe bonds expire without renewal this year, as it shifted its focus to buying more reinsurance lower-down in the tower to reduce its PML’s. AXIS Capital had three catastrophe bonds from its Northshore Re series of transactions still in-force…
Read MoreReverse mortgages can be a good option for many homeowners. They let you borrow based on the equity in your home. Instead of paying the bank, the bank pays you — tax-free — with a series of payments via a partial lump sum of money or a line of credit. Under the right circumstances, a…
Read MoreThis story originally appeared on SmartAsset.com. Many economists have theorized about what the shape of the COVID-19 recession — in other words, the possibilities for recovery — will be. Some individuals are still holding out hope for a “V-shaped” recession in which the economy will rebound as quickly as it declined, which would in turn…
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The South American nation of Brazil is the latest to target the creation of a framework for legislation and a regulatory regime to allow for the issuance of insurance-linked securities (ILS) in the country, as it looks to ILS as a possible avenue to help its growing re/insurance industry further expand. A consultation process is…
Read MoreHere are the ten most popular news articles, week ending 9th August 2020, 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. Watch all of our recent virtual…
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“Based on the evidence of the effects of trauma, we can predict that our health care teams, patients and families will exhibit signs of this assault through a variety of symptoms–sleeplessness, apathy, depression, and anxiety. The warning signs are already here. We read the desperate accounts and pleas of frontline workers describing the indescribable, holding…
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Throughout 2020, the United States has been playing catchup against the coronavirus. As several well-researched articles have noted, lack of appropriate and timely response has been at the forefront and can be attributed to numerous factors including the highly contagious nature of the virus and, simultaneously, a delay in formulating an adequate medical management and…
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A few weeks ago, I became a full professor of medicine. The grand moment happened 28 years after graduating from medical school. The week after the promotion letter, my daughter’s MCAT results were in, and she was hitting submit on medical school applications. Fun fact, I had her at age 28, my chief resident year. …
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So long as you are trying to fit in, you will never feel like you belong. When the travesty of a “research” publication titled, “Prevalence of Unprofessional Social Media Content Among Young Vascular Surgeons” seemingly metastasized overnight into what will forever be immortalized as the sordid saga that unwittingly catapulted the hashtag #medbikini all across…
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Novel coronavirus (COVID-19) targets older ethnic and racial minorities with lethal precision, establishing irrefutable evidence that inequality kills. Nearly one-third of those who have died from COVID are Black, while Blacks represent about 14% of the population in the areas analyzed. In Chicago, 78.6% of COVID-related deaths were age 60 or more. While ethnic and…
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