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Fee income rises by over two thirds to surpass $19mn for the quarter.
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“We're not trying to grow for the sake of growing,” Everest Re’s reinsurance chief executive John Doucette told analysts yesterday.
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The average ILS fund was down by 1.13% in May as measured by the Eurekahedge ILS Advisers Index.
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The investment comes as Hudson Structured surpassed $2bn of assets under management.
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Catastrophe losses contributed to a 3.1 percent fall in net asset value for the manager’s Diversified Income and Growth Trust in the past half-year.
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The trio of companies have all given their support to the auto start-up, with Third Point Re also providing reinsurance.
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All insurance has a social purpose but covers for lower income countries should probably be considered more impactful transaction than Florida coastal risk.
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Swiss funds active in ILS recorded stable or slightly increased allocations after 2017’s losses.
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The PK SBB scheme took a 4.5 percent gain from its ILS portfolio last year, as it and a number of peers reported slightly increased allocations to the sector.
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The reinsurance fund has ramped up in recent years to $700mn-$800mn.
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The fund’s net assets shrank by $4.4mn over the period.
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The fund’s ordinary shares added 0.85 percent during the month.