Bruce Bentley

According to a report from CAC Specialty, a subsidiary of brokerage company Cobbs Allen, continued demand for representation and warranties in mergers and acquisitions that began in late 2020 has resulted in price increases. Interest rates fell towards the middle of the year, along with a slowdown in mergers and acquisitions, but recovered later in the year. "What no one saw coming was the sustained period of unprecedented demand that began towards the end of 2020 - and which largely continued through the first quarter of 2021," said CAC. By the end of the year "the rates rose dramatically, which is due to the historically high demand due to a massive M&A upswing and a relatively static supply." Rates in the first quarter of 2021 are higher than a year ago "when M&A went full steam ahead," CAC said. The online rates - premium divided by limits - reported for most medium-sized transactions have decreased by 3%, with exceptions depending on...

  Major cryptocurrencies like Bitcoin and the coin of Ethereum have depreciated significantly against the US dollar since the administration of US President Joe Biden warned on Thursday that capital gains taxes could rise. According to cryptocurrency exchange platform Coinbase.com, a single bitcoin was worth $ 52,121.62 on Sunday at 10:20 p.m. - a decrease from Coinbase's $ 55,278.64, which was quoted at 9:30 a.m. EST on Friday. The evening price meant an increase in the Bitcoin value compared to the numbers a few hours earlier. Another major cryptocurrency , Ethereum, hit $ 2,435.33 on Sunday around 10:20 p.m. - a drop of around 1.8 percent from Friday's high, according to Coinbase.com. Ethereum had been turned off by more than 5 percent the Sunday before. According to Reuters, which reported the decline in cryptocurrency values ​​earlier over the weekend, a major reason was fears of the potential that higher US capital gains taxes would scare off investors who might other...