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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011. -
This will be the third cat bond issuance through Baltic Re PCC.
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The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
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The largest individual net loss at EUR230mn was caused by Hurricane Milton.
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The UK listed investment manager has almost doubled its ILS allocation since April last year.
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Tom Fealey has assumed lead portfolio manager responsibilities.
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The deal is being issued through Lloyd’s London Bridge 2 PCC.
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This came as the market’s underwriting profit dipped 10% for 2024.
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This loss number covers the property line of business.
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The role will focus on international treaty, specialty lines and strategic advisory.
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The carrier pegged its LA wildfire losses at EUR140mn.
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