A few years ago I wrote about market efficiency and investing edge – and about how you don’t have it. But let’s dig deeper into why this is true. You often hear from retail punters and professional investors alike that passive (or index) investing makes markets less efficient. Their argument is that this inefficiency is … Read more
Responding to the potential impact of losses from hurricane Milton, the catastrophe bond market has fallen by just 1.34% at the end of week pricing of the index calculated by Swiss Re Capital Markets, while the US wind specific version of the cat bond index fell by only 3.64%.It’s a stark contrast to how the … Read more
Oct 12, 2024Ravie LakshmananCryptocurrency / Cybercrime The U.S. Department of Justice (DoJ) has announced arrests and charges against several individuals and entities in connection with allegedly manipulating digital asset markets as part of a widespread fraud operation. The law enforcement action – codenamed Operation Token Mirrors – is the result of the U.S. Federal Bureau … Read more
While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. During a recent market briefing, Rachel Turk, Lloyd’s chief underwriting officer, Lloyd’s, focused on five key areas that occupy her time and attention: property, cyber, US … Read more
The Excess and Surplus (E&S) market has grown for five consecutive years by double-digit percentage rates. While expansion appears to have slowed, ample growth could [DP1] continue if major trends persist, according to Triple-I’s latest issue brief, Excess and Surplus: State of the Risk. As reported by S&P Global Intelligence, total premiums for 2023 reached $86.47 … Read more