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The Open Protocol Working Group has published the final version of a reporting framework for insurance funds following a period of industry consultation.
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Generali is seeking to raise EUR200mn ($223.5mn) of reinsurance cover from its Lion II Re 2017-1 cat bond, which would be the first ILS transaction to include European flood risks, Trading Risk understands.
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The first quarter of 2017 produced a record volume of ILS issuance for an opening quarter, as competitive pricing drew sponsors to the market
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Schroders has temporarily reopened its Gaia cat bond fund to investors on its waiting list, after closing it to new subscriptions in March this year.
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Floridian carrier Heritage Insurance said it benefited from significantly lower rates as it purchased a smaller reinsurance programme for the 2017-2018 year.
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Oppenheimer's Master Event-Linked Bond Fund reported a 1.76 percent gain over the six months to 31 March 2017, compared to a 1.83 percent gain on the Swiss Re cat bond return index over the same period.
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DE Shaw has sold down part of its stake in Bermuda specialty reinsurer James River, netting $167.5mn.
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The International Bank for Reconstruction and Development (IBRD) is targeting $100mn with its first pandemic cat bond.
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Perils has increased its insured loss estimate for cyclone Zeus, which hit France in March, by 40 percent to EUR269mn
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The former ILS practice leader at KPMG Bermuda, Jason Carne, has joined Hudson Structured Capital Management as an advisor, focusing on providing advice on valuation and reinsurance.
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Bermuda-based Hamilton Re has established its first collateralised retro sidecar, Turing Re, which will provide $65mn of capacity to support its reinsurance portfolio
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The newly established Eclipse Re platform has issued its second cat bond lite, a $53.3mn transaction, according to a Bermuda Stock Exchange listing.
