Chinese President Xi Jinping reaffirmed ties with his Russian counterpart Vladimir Putin on Tuesday, as the two face a more geopolitically assertive US government led by Donald Trump, who criticised the Kremlin’s war against Ukraine on the first day of his second term as president. On Monday, Trump’s return to the Oval Office was marked … Read more
According to Joseph Tolen, Senior Investment Director in the Credit Investment Group at Cambridge Associates, the insurance-linked securities (ILS) market “continues to be attractive and should deliver strong returns in 2025.”In a recent report for Cambridge Associates, Tolen wrote that, “demand for additional catastrophe coverage from insurers has kept the market firm, which has ultimately … Read more
2025 has gotten off to a rough start with devastating fires and corrections in stocks, bonds, and other risk assets. So, I thought it’d be a good idea to shift focus to some positives—before they fade as well. Take a moment to calculate your excess investment returns to remind yourself of the good times. When … Read more
One of my favorite market datasets just got its annual update. Aswath Damodaran at NYU publishes a yearly update of returns for stocks (S&P 500), bonds (10 year Treasuries), cash (3-month T-bills), real estate, gold and inflation going back to 1928. Plus this year he added small caps to the mix.1 These are the long-term … Read more
2024 was another record issuance year for the catastrophe bond market and with total alternative reinsurance capital reaching new heights, the way insurance-linked securities (ILS) managers and investors matched appropriate risk returns was a notable success, according to Bill Dubinsky, Managing Director and CEO of Gallagher Securities.We spoke with Dubinsky, who heads up the capital … Read more
