The Traderszone Network

Reinsurance is a form of insurance purchased by insurance companies in order to mitigate risk. Essentially, reinsurance can limit the amount of loss an insurer can potentially suffer. In other words, it protects insurance companies from financial ruin, thereby protecting the companies’ customers from uncovered losses.

The simple explanation is that reinsurance is insurance for insurance companies. Reinsurance is the mechanism that insurance companies use to lower their risk or reduce their exposure to a specific catastrophic event.

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Stephen Koukoulas is Dun & Bradstreet’s Economic Adviser, and frequent tweeter too.
He points to an indicator showing worsening trade credit conditions (bolding is mine):

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EURUSD is sliding in early Asian trading after Greece’s government is reportedly planning to forego its next bailout payment (of around EUR7bn) if no debt relief is offered by creditors (thus leaving it likely to default on its next round of repayments).

Bloomberg reports, Greece’s government preparing to possibly go without next bailout payment if creditors don’t agree on debt relief for the country according to German newspaper Bild (without saying where it obtained the information).

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EUR has been under the gun the past few hours, with Draghi & Greece
Dr. D:
–  
– D
Greece:

EUR and CHf are both on session lows against the big dollar:

Authored by Eric Peters via EricPetersAutos.com,

Naturally, the solution to the problem of police abusing their authority is to hold them less accountable when they do exactly that.

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Japanese retail sales for April
Retail Trade for April +1.4% m/m,
– expected -0.2%, prior +0.2%
Retail Trade +3.2% y/y,
– expected 2.3%, prior 2.1%
Big beats for this