Hints and tips:
...Roman: You have a stronger bank, and if we know what we are doing, you have higher expected returns for many people who have money in a pension plan, or a mutual fund, or for an insurance company....
...She eventually regained access to her company’s funds held at SVB....
...This year to late May, investors pulled $57bn out of municipal mutual bond funds, according to EPFR data....
...It’s in Sheboygan, Wisconsin, outside the headquarters of an insurance company located alongside an interstate highway. This is a pittance, globally speaking....
...“While many mutual funds and trading accounts continue to face selling pressure, other money managers, banks, and insurance accounts have been buyers at these new yields,” Mr McGowan said....
...After the commonwealth defaulted and prices plunged, many rules-based insurance companies and institutional investors had to sell into the decline....
...Many feared collapse for US municipal bonds; it was one disaster that didn’t happen....
...Commonwealth bonds whose payment was guaranteed in past years by monoline insurance companies amount to another $15bn....
...Mom-and-pop holders, along with the exposed mutual funds, will sell....
...First, the government would guarantee all deposits, charging risk-based insurance premia....
...Last year, the share was 3.2 per cent, according to Municipal Market Advisors....
...Nuveen traces its history back to 1898 when it was founded by a Chicago municipal bond trader called John Nuveen....
...The other active insurer is Build America Mutual, which was formed only recently and is owned by policyholders. Demand for bond insurance has plummeted....
...For decades before 1993, local authorities across the UK operated their own insurer, Municipal Mutual Insurance....
...They set about restoring it while continuing to work (Giberto is a director of the insurance company Aon; Bianca is the representative for Christie’s in Venice); toyed with the idea of selling it until the...
...The research, Co-Insurance in Mutual Fund Families, by Luis Goncalves-Pinto of the National University of Singapore and Breno Schmidt of Emory University, looked at the US market between 1995 and 2009....
...Build America Mutual, a new US monoline, is expected to launch this summer, providing bond insurance for American municipal issuers, which will make it cheaper for authorities to raise capital to invest...
...The National Association of Mutual Insurance Companies said it was monitoring the situation closely, while lobbyists have been seeking to persuade members of the Massachusetts lower house to block the senate...
...He predicted further growth in fixed income ETFs from insurance companies, state banks and other managers of large bond portfolios as well as among wealth managers focused on retail clients....
...These comments are telling, given that the academic research cited, Co-Insurance in Mutual Fund Families, authored by Luis Goncalves-Pinto of the National University of Singapore and Breno Schmidt of Emory...
...“Growing trusts, investments and insurance is the number one strategic initiative for Wells Fargo,” he says. “We are following our customers....
...Municipal Mutual Insurance, another of the insurers which contested the proposal to date liability back to the time of exposure, said the ruling did not reflect MMI’s favoured outcome but it welcomed the...
...Des Moines, Iowa is best known for its corn fields; Milwaukee, Wisconsin for its beers and bratwursts....
...“It is very likely that bond insurance is not going to return for municipal finance, or at least not in the model that we have known.”...
...Investors used to rely on bond insurance to protect themselves – but that industry collapsed after many insurers also guaranteed risky mortgage debt....
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