May 2015/1
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AM Best assistant vice president Steven Chirico told an audience at the Reactions alternative capital event that the agency is assessing at least three candidates for new hedge fund reinsurance vehicles
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There is plenty of room for the ILS market to triple its current share of the reinsurance market, according to AlphaCat portfolio manager Paschal Brooks
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Lottoland completes EUR100mn deal; Pillar boosts Q1 profit; Allied World lifts Aeolus allocation; Towers Watson still positive on reinsurance; Catco share sell downs...
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A small Australian insurance carrier specialising in motor and personal lines is the second company to test ILS investor appetite through the online Rewireconnect platform, sources told Trading Risk
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US state-specific wind bonds have been changing hands over the past month in reaction to a flurry of new issuance from Floridian insurers and state wind pools, according to US regulator Trace's Finra database
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Axa Global Life's Benu Capital bond priced in April and became the riskiest mortality bond ever placed in the market
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Deals from US state wind insurance pools have contributed $1.4bn to the cat bond market this year, accounting for just over a third of total 2015 volumes to date
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Lower oil prices are taking their toll on the energy insurance market as record capacity has converged with a fall in demand.
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On 23 April, the US Treasury took its first action since 2003 to curb so-called "hedge fund reinsurance companies".
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Perils puts Niklas cost at EUR853mn; Allstate sources $439mn seven-year cover; IAG on edge of payout; Allianz Re to target risk sharing; Ex-ANV CEO to target alternative capital; Citizens board approves $3.9bn additional cover; Golden Gate backs $750mn life start-up
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Credit Suisse Asset Management is preparing to launch a second rated reinsurance entity less than a year after it helped establish Kelvin Re, Trading Risk understands
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Italian investment company Exor has increased its bid for PartnerRe from $130 to $137.50 per share and acquired a 9 percent stake to become the reinsurer's largest shareholder.