Stocks
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The vehicle is 52% larger than it was at launch 3 years ago -
Its property cat aggregate cover renewed with improved coverage.
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The carrier booked a reserve charge of $392mn for casualty insurance.
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The Bermudian said its third-party vehicles were “sufficiently capitalised”.
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Suncorp reported A$568mn in natural-hazard event costs for the H1 2024 reporting period, resulting from six significant events.
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The investment comes in exchange for a $49mn surplus note from HOA and the acquisition of HOA’s rights to potential claims stemming from the Vesttoo fraud.
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The transformer vehicle issued $209mn worth of cat bond lites in 2023.
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Phoenix Re renewal ‘shows commitment to doing Asia ILS, for Asia in Asia’, according to MS Amlin Asia Pacific CEO Will Ho.
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The Seaside Re placement is the first cat bond lite deal of 2024.
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The asset manager’s largest ILS allocation across two multi-strategy funds is to a Leadenhall fund.
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The executive joins the company as it looks to bolster its reinsurance capabilities.
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In total nearly $139mn worth of bonds have been extended.
