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Collateralised reinsurance fund strategies took losses of 10-20 percent in September, Trading Risk understands
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Reinsurance pricing seems to rely on a certain amount of collective signalling in as much as it does number-crunching - as underwriters gauge how far they can push rates without losing business, by looking for fear in the eyes of their opposition
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New York-listed Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of third quarter catastrophes
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There will be significant volumes of ILS capital trapped at year-end, particularly in the retro segment, but out of this challenge the reinsurance market is looking for opportunities to spin out new products
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Prudential and affiliated companies under the M&G brand have lowered their stake in Markel Catco's London-listed Reinsurance Opportunities fund, according to a stock exchange announcement.
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Barbican is planning to raise £160mn ($209mn) of capital to fund a collateralised reinsurance vehicle that provides stop-loss retro cover to Lloyd's syndicates
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The Oregon Public Employees Retirement Fund (OPERF) reported that its holdings in two Nephila funds had increased by 0.8 percent in the first half of 2017 to reach $146.2mn at 30 June 2017.
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Alleghany took a $9.4mn loss in the third quarter from its share in results managed by Bermudian ILS manager Pillar Capital, down from a $5.9mn profit a year earlier
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Swiss Re said it would proceed with a CHF1.0bn ($1bn) share buyback programme after taking $4.0bn of catastrophe claims in the first nine months of 2017
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Nephila Capital has provided $500mn of risk capacity to a new advisory firm, Resilience Economics, that will pitch climate risk transfer solutions to prominent institutions and governments
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Florida carrier United Insurance Holdings (UPC Insurance) has amended regulatory filings to lift the amount of capital it could raise through ad-hoc equity or debt issuances to $250mn
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RenaissanceRe raised $248.6mn of fresh equity for its DaVinci Re sidecar as of 1 October, after investors in the vehicle took a $255.5mn loss in the third quarter