Centauri Specialty Insurance Holdings and its subsidiaries have appointed Paul Knutson vice president of Capital & Reinsurance Strategy.
As a member of the executive team, Knutson is responsible for the design, negotiation and implementation of tailored internal and external products and services providing Centauri with the underwriting capacity to assume and retain risk in support of the company’s financial and strategic goals.
During his 25+ year career as a reinsurance broker, Knutson has specialized in property reinsurance, creating tailored risk transfer options for companies operating in catastrophe-prone geographies. Working for intermediaries that include Guy Carpenter, Willis Re and BMS Re, Knutson has served in roles that include property specialty regional leader, Midwest regional personal lines/small commercial segment lead, and origination team leader, respectively.
According to Rick Espino, president and CEO of Centauri Insurance, Knutson’s background and experience in the reinsurance markets will generate focused strategies to bolster Centauri’s financial stability and reinforce its reinsurer relationships
Centauri Insurance is a property and casualty insurance company based in Sarasota, Fla., which currently operates across nine states with continual plans for expansion.
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We believe Owens & Minor stock (NYSE:OMI), a global healthcare logistics company, could continue to rally in the near term. OMI stock trades at $22 currently, rising a whopping 4x since the beginning of the year. It traded at a pre-Covid high of $7 in February, and it is 202% above that level now. Also, OMI stock has gained 272% from the low of $6 seen in March 2020, as the Fed stimulus largely put investor concerns about the near-term survival of companies to rest.
Owens & Minorâs business is seeing a strong growth in the current pandemic due to an increased demand for personal protective equipment (PPE). This has led to the company revising its full year earnings outlook to $1.90 at the high end of the range, compared to a $1.20 figure previously. In fact, the $1.20 figure was also revised during the last quarter from $0.60 guidance earlier. As such, with the growth in earnings outlook, OMI stock saw a gradual uptick thus far in 2020. After the recently provided outlook, OMI stock sky-rocketed 47% to $20 in a single trading session on Sep 24. Despite the strong rally in OMI stock this year, we believe that the stock has more room for growth in the near future. Our conclusion is based on the company specific triggers, such as growth in PPE demand as well as taking into account the companyâs provided earnings outlook. We compare Owens & Minorâs stock performance during the current crisis with that during the 2008 recession in an interactive dashboard analysis.
2020 Coronavirus Crisis
Timeline of 2020 Crisis So Far:
Sales at pub, bar and restaurant chains plunged by more than a third on the same period last year after a 10pm coronavirus curfew was imposed across most of the UK, according to new analysis seen by the Guardian that reveals the extent of the impact on hospitality.
© Provided by The Guardian
Photograph: Andy Rain/EPA
The first hard figures from the days after the curfew was imposed drew anger from trade bodies and are likely to reinforce calls to reconsider a measure that critics say only drives people to gather elsewhere, while causing significant economic damage.
Takings at 7,000 chain restaurants, pubs and bars were slightly above 2019 levels last Monday, according to the industry analysts CGA, as the UK enjoyed unseasonably warm weather and venues could operate normal opening hours.
Related: Pubs and restaurants urge PM to review 10pm curfew in England
The next day, after Boris Johnson confirmed rumours of an impending 10pm curfew, sales were 8% down, before slumping further during the week as restrictions came into force, first in England and Wales, then followed by Scotland.
By Friday sales were 37% below the total for the corresponding Friday last year. London and Scotland, where many small city centre pubs have remained closed throughout the pandemic, were 47% and 44% behind 2019 respectively. Late-night bars were the worst hit, with sales on Friday two-thirds below the equivalent day of 2019.
© Photograph: Andy Rain/EPA
A street in Soho in central London just before the 10pm closure deadline on 24 September.
The chief executive of the industry body UKHospitality, Kate Nicholls, said the figures were “in line with what we are hearing”. “At this rate, many of them are going to be out of business pretty soon. This curfew was brought in without justification and it is
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Graphic: World FX rates http://tmsnrt.rs/2egbfVh
Singapore sees biggest jump in over 1 month
Philippine central bank likely to keep rates unchanged later
Palm oil producers in Malaysia fall
Oct 1 (Reuters) – Singapore’s best day in over a month led gains for Asian stock markets and currencies in holiday-thinned trade on Thursday, as the mood among investors globally was bolstered by signs of progress overnight on a U.S. fiscal stimulus.
A slew of holidays saw markets in China, South Korea, Taiwan and Hong Kong closed, while technical glitches in Tokyo prompted the bourse to suspend trading for the day.
Singapore stocks .STI climbed as much as 1.5%, their biggest jump since mid-August, with a change at the top of Singapore Telecommunications (Singtel) STEL.SI sending its shares nearly 3% higher.
The other big gainer was Indonesia .JKSE, hammered in the past month by coronavirus concerns and worries over the government’s moves on the central bank. Shares there rose 0.9%.
“Global risk appetite benefited from positive noises around a stimulus deal from Washington,” Stephen Innes, chief global market strategist at Axi, said in a note.
U.S. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi said on Wednesday that progress was being made on a $2.2 trillion relief plan, supporting late gains on Wall Street.
The news also helped send the dollar, by far investors’ favourite safe haven from the past month’s renewed coronavirus outbreaks, to a one-week low, bolstering currencies across the region.
Trade data from South Korea, showing exports rising for the first time in seven months in September, also added to positive signals from the Chinese economy earlier in the week.
The day’s main set piece regionally is a Philippine central bank meeting that is expected to keep interest rates unchanged at a record low of 2.25%,
![Photograph: Andy Rain/EPA](https://www.msn.com/{"default":{"load":"default","w":"80","h":"48","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19AXUW.img?h=480&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"38","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19AXUW.img?h=375&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"38","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19AXUW.img?h=375&w=624&m=6&q=60&o=f&l=f"}})
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