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Programs did not offer adequate risk-adjusted return. -
Shreeve’s role will encompass the Aon Captive & Insurance Managers’ ILS business.
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Capital inflows, notably into UCITS funds, and accumulated returns supported issuance of $17.2bn in 2024.
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The deal has upsized by around 64% compared with the initial target.
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Peril- and geography-specific deals are being well received by investors.
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A negative January return will be unprecedented for ILS industry.
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The index delivered a total return of 1.29% for the month of December.
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Axis Capital’s fee income from strategic capital partners grew 39% to $85mn in the year to 31 December 2024, up from $61mn the year prior, the firm’s Q4 earnings release said.
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The bond went on watch after Mercury said it would exceed its $150mn retention.
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Models will need to steepen the curve in the tail to reflect severe event frequency.
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Non-proportional business accounted for 34% of its total.
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Both the Class A and Class B notes increased in size.
