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London-based ILS investment manager Securis Investment Partners has hired former Swiss Re trader Al Selius to start a New York office. Selius will be based in New York and will join the non-life orig
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Swiss Re is close to launching a fourth extreme mortality bond in its Vita series, spurred by a deepening of the H1N1 swine flu pandemic, Trading Risk understands. Although the target size of Vita IV
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Deutsche Bank is developing a highly liquid, highly transparent insurance-linked instrument which would provide mainstream investors with an alternative to cat bonds, Trading Risk understands. The ta
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Ratings agency Moody’s Investors Service has upgraded two tranches of notes on Brit Insurance’s 2007 cat swap deal, Fremantle Ltd, as the likelihood of a loss diminishes while the transac
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Moody's Investors Service is keeping a $67.5mn tranche of the 2008 Nelson Re cat bond from private equity-backed Swiss reinsurer Glacier Re under review for possible downgrade. The agency said that t
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London-based ILS investment manager Securis Investment Partners has hired former Swiss Re trader Al Selius to start a New York office, Trading Risk can reveal. Selius will be based in New York and wi
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Hannover Re has successfully repurchased a third of Merlin – its EUR95mn 2007 reinsurance recoverable securitisation – in the secondary market, Trading Risk can reveal. The German reinsu
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Pricing for 2009 cat bonds has fallen by 15 percent in the secondary market in recent months, opening the way for non-US peril issuance towards year-end, according to Swiss Re. “Cat bond sprea
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Bermudian mutual insurer Oil Casualty Insurance Co (OCIL) has repurchased $7,012,000 of the Class B notes of Avalon Re – its loss-stricken 2005 excess liability cat bond. The tender offer to n
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The longevity swap market is “poised to grow” to £5-10bn in several years, after the latest £1.9bn transaction between UK insurer RSA and Goldman Sachs took the value of longevity reserve
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The energy sector’s growing demand for “Quanto” weather derivatives – which provide a hedge for weather and energy-linked risk – will spur rapid growth in the weather de
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Interdealer broker Tradition Re is partnering with Lloyd’s broker Alwen Hough Johnson (AHJ) to access the Lloyd’s and London markets for specialised retro products, including industry los