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Bermudian (re)insurer Endurance has been sold to Sompo for $6.3bn, it was announced today
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Stone Ridge Asset Management's three reinsurance funds grew 4 percent in its last quarterly reporting period to reach $4.95bn by the end of July, up from the $4.76bn recorded at the end of April
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Currency boosts RBS in ILS; Stone Ridge looks to Lloyd's; ILS Advisers gain
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Canadian asset manager Crosswinds has founded a specialty reinsurance company named Crosswinds Re to add to its involvement in the Florida (re)insurance market.
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Reinsurance buyers could have more success in lowering rates by opening up all layers of a programme to ILS capital, rather than just trying to push minimum cat bond rates down at the top end of programmes
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Specialist investors continue to dominate the ILS landscape but hedge funds have increased their participation after buying new issuance in the past year in response to higher-yielding deals on offer, Aon Securities said in its annual review of the sector.
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Markel Catco said August returns for the Catco Reinsurance Opportunities Fund would be impacted by a loss from the Jubilee oil field event totalling a 3.5 percent hit to net asset value (NAV).
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Allianz Risk Transfer is expected to close its Market Re parametric weather bond at $30mn, below a $70mn initial target, and has shortened the duration of the deal in response to investor concerns, Trading Risk understands
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The pension fund for South Korean public officials is looking to make an investment in cat bonds, according to local media.
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Hudson Structured settles brand dispute; Future Fund expands ILS brief; Stone Ridge consolidates
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Vario Partners has brought in a large Middle Eastern reinsurer as a minority shareholder as it prepares to launch its first fund to invest in whole-account insurance securities, the company told Trading Risk.
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Axa Liabilities Managers is planning to launch a second series of its legacy fund after fully deploying its first such vehicle, sources told Trading Risk.