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The Medici cat bond fund experienced the largest growth in AuM.
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The $175mn bond is priced lower than the original range set out in January.
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The depth of the retro market recovery will be an influential factor in the pace of the cat market slowdown from here.
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Investment firm Phoenix launched a private credit and lending platform for the mid-market.
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CEO Trevor Carvey said 1 January 2024 renewals were more “orderly” than in 2023.
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Phoenix Re renewal ‘shows commitment to doing Asia ILS, for Asia in Asia’, according to MS Amlin Asia Pacific CEO Will Ho.
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The carrier said it expects to maintain combined ratio expectations as it takes a selective approach to casualty lines.
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The investment firm said cat bond spreads that are elevated relative to historical levels continue to offer an attractive entry point for investors.
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Pricing on Class A notes has reduced for a second time.
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Envelop SPA 1925 was launched at the start of the year with Chris Baddeley as active underwriter, based in London.
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The sidecars segment has been attracting inflows after returns hit a high note in 2023.
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As a result of mostly flooding, £467mn of losses occurred in the UK.