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The regulatory body also underlined the need to manage risks and uncertainties relating to the war.
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The issuance is Vantage Risk’s second in the cat bond market.
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The strength of the relationship between the government, the regulator and the industry is key to the island’s position.
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The committee is the most senior management team at the Bermuda company, responsible for governance and strategy of the firm.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”
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The new platform extends RenRe’s suite of ILS and reinsurance strategies.
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The executive will oversee management liability, healthcare and casualty/specialty reinsurance.
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Part of the loan will be used to pay a $120mn dividend to HG Global equity holders.
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ILS funds were showing pockets of positivity as market dynamics shift.
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Carr was previously SVP, global head of property catastrophe at the reinsurer.
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The industry has moved on from an initial focus on the nat-cat element of ESG.
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Completion of the buyout remains subject to US bankruptcy courts recognising the agreement.