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Scor has added a new lower layer of protection to its four-year mortality swap transaction with JP Morgan, which would give the French reinsurer additional protection in the event of a major pandemic
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Continued price pressure and increasing capacity in the traditional reinsurance market “could lead to a soft market for some time to come”, according to industry leaders – signallin
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Oil Casualty Insurance Co (OCIL) has extended to 4 September the deadline for its tender offer to repurchase up to $50mn of the Class B notes on its Avalon Re cat bond, Trading Risk can reveal. In Au
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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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The world's largest interdealer-broker, ICAP plc, and insurance intermediary JLT have closed ICAP-JLT Ltd – their insurance-linked derivatives joint venture – as part of a restructuring w
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Hannover Re has launched its $60mn sidecar-style vehicle, Fac Pool Re – the first dedicated, securitised facility created for facultative exposures. Hannover Re expects to cede approximately 60
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The influential International Association of Insurance Supervisors (IAIS) is producing common standards and guidance relating to the supervision of (re)insurance risk transfer to the capital markets.
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A further surge in recession-related credit losses has prompted Standard & Poor’s (S&P) to downgrade the notes of Swiss Re’s EUR252mn credit reinsurance securitisation, Crystal Credit, fo
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Hurricane Bill strengthened to a Category 4 storm this morning, with wind speeds of up to 135 mph, to reach a CME Hurricane Index (CHI) value of 12.7, according to broker-dealer Tradition Re’s
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Cat derivative trading remained quiet yesterday, as the first hurricane of the 2009 US wind season strengthened to Category 2 in the mid-Atlantic and set course for Bermuda and the east coast of the
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Reinsurer SCOR has settled its long-running dispute with Highfields Capital Management, the former main minority shareholder in its 2001 sidecar vehicle Irish Reinsurance Partners (IRP) Holdings Limi
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The two cat bonds to come to market in July both increased in size significantly during the marketing phase, evincing a strong demand from investors for new ILS issuance. North Carolina’s state