RenaissanceRe, the Bermuda based reinsurance firm and third-party capital specialist, is anticipating that its assets under management (AUM) across its joint-ventures and ILS funds will be “stable to up” over the rest of 2025, while fee income should resume its typical run-rate over the coming quarters.RenaissanceRe (RenRe) had reported that the California wildfire losses earlier … Read more
Tenants who challenged Westminster Management’s illegal fees related to the late payment of rent have won a court ruling that they and thousands of other Westminster tenants could recover the illegal fees in a class action. On March 11, the Circuit Court for Baltimore City certified as a class action a lawsuit against Westminster Management, … Read more
New financial advisors often start with below-market fees – sometimes to build confidence that prospects will actually pay, other times to attract clients quickly and establish a base. But as the firm grows, so does an advisor’s skill set and the demands on their time. And while new clients often come in at higher fees, … Read more
According to senior executives at Reinsurance Group of America (RGA), the fee income flowing to the company from its third-party capitalised Ruby Re life reinsurance sidecar is already meaningful and while a new transaction was ceded to the sidecar in Q3 last year, the structure still had around two-thirds of its capital and capacity left … Read more
While financial advisors offer valuable services for their clients, it can sometimes be challenging to gauge how much clients actually value those services. On one hand, a client’s willingness to pay an ongoing fee for financial advice suggests that they find the advisor’s services worthwhile. On the other hand, the term “financial advice” often refers … Read more