July 2008/1
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Risk modelling firm Risk Management Solutions (RMS) aims to boost investment in the insurance linked securities (ILS) market with an electronic ILS portfolio management platform. Aimed at “maki
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First-time issuers Nationwide Mutual Insurance Co (Caelus Re), HomeWise Insurance Co (Mangrove) and Flagstone Re (Valais Re) transferred $614mn of (re) insurance risk into the capital markets in May
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Swiss Re successfully closed its $150mn Vega Capital Ltd collateralised risk obligation (CRO) transaction in June, partly replacing the $839mn of its various Successor bonds, according to sources clo
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The World Bank is moving ahead with plans to use the weather derivative market as part of a comprehensive strategy to reduce the impact of drought in developing countries. The Bank will intermediate
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Rating agency Standard & Poor’s (S&P) has lowered its senior debt rating on the Class A-1 notes of beleaugured Scottish Re’s Ballantyne Re life securitisation. S&P lowered the XXX reserve
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Investment vehicle Juniperus Insurance Opportunity Fund (JIOF) made its first investment in Hannover Re’s sidecar Globe Re, last month. The newly launched fund, which will invest in traded (re)
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Chicago-headquartered Aon Corp is marketing a dedicated insurance linked securities (ILS) fund, which plans to invest in a range of insurance linked alternative investments, Trading Risk understands.