Results
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The carrier faced "significant impact" from a P&C reserve charge on its earnings.
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New business across geographies drives top-line growth of 191%.
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The index posted a positive return in each of the 12 months of last year.
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Growth driven by 14% expansion in reinsurance solutions division.
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The ILS platform ceded around 40% of its total managed premiums of $1.8bn.
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The fund manager operations booked management fees of $31mn.
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The Bermudian said its third-party vehicles were “sufficiently capitalised”.
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Fourth quarter inflows also included $111mn for its retro platform Upsilon
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The Medici cat bond fund experienced the largest growth in AuM.
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The firm told investors yields in the cat bond market are 'still very attractive'.
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The carrier said it expects to maintain combined ratio expectations as it takes a selective approach to casualty lines.
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Market softening likely to being in 2025 as new capital is tempted in.
Most Recent
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GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%
22 November 2024 -
American Coastal targets $100mn of Florida named storm coverage
22 November 2024 -
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024