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FedNat Holding Company, the U.S. primary insurance carrier group, has bolstered its reinsurance program for the 2020-2021 season, adding coverage to reduce its second and third event retentions, plus a non-Florida quota share and a Florida specific quota share with Swiss Re. FedNat had secured a catastrophe excess of loss reinsurance program covering it on…
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With reinsurance pricing firming broadly and expected to continue to do so, one of the dynamics we expect to see in the marketplace is increasing competition, as the improved rate environment attracts some underwriters back to the market. Case in point W. R. Berkley, whose appetite for reinsurance underwriting has diminished over the last decade…
Read MorePier 1 Imports is closing up shop, literally and figuratively. Some of the other retailers that have filed for bankruptcy protection amid the coronavirus pandemic plan to survive by restructuring their businesses. But Pier 1 opted to liquidate and shutter all of its stores and websites after filing for bankruptcy protection in February. In fact,…
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The Alturas Re Ltd. collateralised reinsurance sidecar vehicle of global specialist re/insurer AXIS Capital has completed a new issuance of 3,628 preferred shares, meaning options for third-party investors to access the returns of AXIS’ underwriting business seemingly expand. AXIS has been expanding its insurance-linked securities (ILS) activities, particularly in private quota shares in recent years.…
Read MoreLoyalty usually is a great quality, but it can be costly when you shop. Sticking to just one brand rarely makes sense when the only meaningful difference between a national brand product and its generic version is the price. Sometimes brand-name products offer something unique. More often, though, they don’t. Here are some generics we…
Read MoreStokkete / Shutterstock.com This story originally appeared on SmartAsset.com. The job market is constantly changing. Jobs in a certain field and geographic area may be abundant in one decade only to experience a sharp decline in the next. This can be because of many factors, including migration patterns and technological advances, that eliminate positions and…
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The UK market for longevity risk transfer and reinsurance has remained resilient during the Covid-19 pandemic, according to Prudential Retirement, a business unit of Prudential Financial, Inc., which has closed $1.7 billion of longevity reinsurance deals in the first-half of this year. Prudential has highlighted the growing number of smaller pension risk transfer transactions in…
Read MoreTrusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-unending-battles
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What should patients know about diet and its effects on the microbiome? How should primary care clinicians address diet and its effects on the microbiome? What are your tips to address obesity? What are the gastroenterological manifestations of COVID-19? Supriya Rao is a gastroenterologist. She shares her story and her expertise in obesity and the…
Read MoreIRS commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress. Original Article Posted at : https://www.accountingtoday.com/news/irs-commissioner-rettig-addresses-tax-pros-during-unprecedented-neverending-tax-season
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