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The 2020 bond provides $125mn of parametric, per occurrence coverage. -
Mortgage ILS issuance has totalled $787.2mn so far this year.
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Doing so would save “at least $8.5mn in cash” based on the firm’s monthly operational expenditures, according to a recent motion.
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The ILS executive is departing the ILS platform following RenRe’s move to buy Validus Re for ~$3bn.
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The manager has made four appointments including two internal promotions.
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Sources have raised concerns that cedant demand could outpace available capacity for cyber cat bonds.
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E+S Rück said that natural disasters and persistently high inflation have again "taken a toll" on the German insurance industry.
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A strong outlook for sidecar profits in 2023 is rebuilding investor confidence but one to three years of good performance will be needed to sustain it more fully.
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Lloyd’s CFO Burkhard Keese, speaking at Guy Carpenter’s Baden-Baden Symposium, said there are $500mn-$1bn of London Bridge deals in the pipeline.
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Creditors already have authorisation to access Vesttoo’s data as part of their investigation.
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Top-layer cat risk is attracting additional capacity but reinsurers remain firm on attachment points, the broker said.
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The fund has been adapting its investment strategy in light of inflation and rising interest rates.
