Diego Segura
@diegosegura
designer, writer, founder. currently obsessed with monetary theory, high finance, corporate law, regretting dropping out of high school, and sudoku. author of a 2018 book, “the dropout manifesto.”
diegosegura.meDiego Segura
Conscious Decoupling
puck.news
Chubb specializes in XoL (excess of loss) trade credit insurance, which means that the insured company agrees in the policy to take a significant loss before “coverage” kicks in.
This is different than ground-up insurers like Atradius, Allianz, and Coface, who will insure entire losses (also known as “ground-up”.)
Michael Chen, president of Myco Furniture in Houston, said he had been using factors — groups that buy a company’s receivables at a reduced rate — but switched to credit insurance through Euler Hermes as a way to cut costs and be more selective in what the company insured.
Paul Sullivan • Protecting Your Business, and Your Bank Account, in Case Clients Don’t Pay (Published 2016)
factors seems like's Pipe's revenue based financing
Coach, for instance, is well-managed, but it hasn’t “spread as a lifestyle brand,”
Coach & Kors’ Marriage of Convenience
Farley conceded that there are “a lot of underwater bonds in the banking system and that can pose financial stability risks because banks are leveraged institutions. If it’s levered 10 to 1 and you have a 10 percent loss, all the equity is gone.” Which, of course, is exactly what happened to Bear Stearns, which at times was levered 50 to 1, meaning... See more
The BofA $136B Dynamite Stick
Let’s assume for a moment, though, that between the two sales, Paramount walks away with $4.5 billion in cash. Paramount has $13.5 billion of net debt, as of March 31. If Bakish decided to use the $4.5 billion in cash from the sales of S&S and BET to pay down that debt—always a good use of cash—Paramount would still have $9 billion in debt. On the... See more
Are You There, Aryeh? It’s Me, Shari…
High Finance and media
it seems as though these are all brands that could be fucking incredible but are being manage-managed rather than brand-managed
While Lemonade’s growth has been steep, so too has its learning curve. At the end of 2017, its loss ratio—the amount it pays in claims divided by the premiums it collects—was an unsustainable 166%, compared to 65% to 70% for large insurers.
Jeff Kauflin • First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business
Last week, the U.N.’s Committee on the Rights of the Child (CRC) issued a 20-page document stating that children have the right to sue nations over climate change.
America’s Carbon Bill Is Coming Due
i should probably read some of these cases including Held v. Montana — i wonder what the standard is research-wise and impact-wise to win a case like this
A recent study by McKinsey found that the average life-span of companies listed in Standard & Poor’s 500 was 61 years in 1958. Today, it is less than 18 years. McKinsey believes that, in 2027, 75% of the companies currently quoted on the S&P 500 will have disappeared.