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Sidecar capacity entering the (re)insurance market following the next market-dislocating event will exceed that from start-up companies, according to Michael Millette of Goldman, Sachs & Co. Speaki
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Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivati
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Amlin is set to become the first Lloyd's insurer to launch a fund dedicated to trading (re)insurance risk products such as cat bonds after recruiting Swiss Re executive Luca Albertini to head a new
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Convergence pioneer Swiss Re has launched a new $150mn sidecar vehicle, Sector Re II, to write a quota share retrocession of the group’s global natural catastrophe and aviation catastrophe port
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A total of $700mn of life and non-life insurance linked securities (ILS) have been issued to end-April 2008 – a figure which, even with a month to go before the start of the North Atlantic wind
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Ratings agency Standard & Poor’s (S&P) is set to revise its cat bond methodology, Trading Risk can reveal. The latest move comes as the ratings agencies’ models come under increasing scru
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East Lane Re II US insurer Chubb Group’s $200mn cat bond, East Lane Re II, was over-subscribed, proving that a “strong” proposition can still compel investors despite the recent rel
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The embedded value (EV) sector of the life insurance linked securities (ILS) sector is a “high growth area”, commented Michael Symonds, SVP at Lehman Brothers, at the 2008 SIFMA ILS confe
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Dresdner Kleinwort-owned special purpose reinsurer Bridge Re, has closed its three year $182.5mn Puma Capital retro cat sidecar to new business after just one year of operation due to weaker market c
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Hannover Re CEO Wilhelm Zeller said the reinsurer will look to continue with its multi-year K5 sidecar when it comes up for renewal at year-end. Zeller added that Hannover Re had never been as well p
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Benfield Group's corporate finance arm Benfield Advisory has developed a new parametric reinsurance product, aimed at transferring workers’ compensation catastrophe (WCC) coverage to reinsurers
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State Farm’s 2007 landmark catastrophe bond, Merna Re, is coming under pricing pressure in the secondary market, as investors seek to sell large chunks of the investment grade notes, according