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The two associations will work together on six matters, including climate change, cyber risks and taxation. -
A total of $386mn has been issued in private cat bond deals this year.
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Total cat bond lite issuance this year has reached $370mn, according to Trading Risk’s tracker
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The group structure would constitute a Bermuda-based rated carrier, and an associated fund structure.
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The company's Ebitda for 2022 was estimated at $60mn compared to $20mn in 2021.
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Both organizations have agreed for the appointment of a liquidator for Vesttoo transaction structures at the Supreme Court of Bermuda.
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The Inside P&C Research Team has examined the impact on 2025 earnings for Bermudians of a proposed corporate tax rate of 15% for large multinational firms in Bermuda.
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Also formally joining the board are Carlyle’s managing directors James Burr and Jitij Dwivedi, and Adam Halpern-Leistner, director at Hellman & Friedman.
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The deal includes AIG's AlphaCat platform.
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The Bermuda-based platform primarily fronts property catastrophe treaty reinsurance for LGT's ILS funds.
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Spectra has in-principle approval for a Bermuda broker license but believes cyber ILS solutions will be a game of “slow progress”.
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The BMA also expects Bermudian insurers to consider double materiality in their reporting, as well as their own external climate-change impact.
