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The platform transacted the most cat bond lite deals of 2019, with $300mn raised from such listings.
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French insurer is reportedly confident despite stock prices having plummeted since the takeover was agreed.
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After 13 years at Axis, Kiernan has completed gardening leave and taken up a new role.
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The promotion comes as the reinsurer’s new CEO Juan Andrade shapes his senior team.
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Isosceles Re will run alongside Cerulean Re, which was set up in 2017 to manage private ILS deals.
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Legacy and bank financing offers have yet to take off as competitive concerns hold some deals back.
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But ILS market exposure to contingency covers is limited, CUO von Herberstein said. -
Michael Butt said the company is in “good hands”.
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The fund intends to pay 90 percent of its current cash to investors with much of its portfolio held in side pockets.
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Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
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It is understood that CFO John Parry, who joined the firm last year after holding the same role at Lloyd’s, will become interim CEO.
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Interim CEO Kevin Rehnberg was confirmed as CEO following Mark Watson’s resignation in November last year.
