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Transparency and alignment of interests are the keys to expanding casualty ILS.
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The casualty ILS platform said it now expects to do more secondary transactions.
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UPC policyholders could be force-placed by their mortgage lender.
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Carriers have received more than 8,000 flood claims since 1 July.
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The property reinsurance market may be fast approaching a true ‘hard’ market, the broker said.
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The ILS fund said the funding would support the company’s growth prospects.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”
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Policy holders The Taphouse Townsville and LCA Marrickville, and insurer IAG have each filed applications for special leave to appeal to the Australian High Court.
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The court upheld decisions made in October, although it reversed some elements of the case between IAG and Meridian Travel.
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Some programs had to be restructured as rates hardened and capacity flowed away from cat risk in some cases.
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The firm says it has condensed the securitisation process into weeks rather than months
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After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.