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Nephila Capital's fronting partner National Specialty Insurance Company is among two carriers recently approved to take over further policies from state-backed insurer Florida Citizens Property Insurance.
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RenaissanceRe has raised $45mn from a private Fibonacci Re 2017-1 cat bond, according to a listing on the Bermuda Stock Exchange
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AlphaCat has hired Bernard Van der Stichele as portfolio manager, reporting to CEO Lixin Zeng
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The Massachusetts Property Insurance Underwriting Association (MPIUA) has increased the size of its Cranberry Re 2017-1 cat bond by a further $50mn to $350mn – a 40 percent increase on the $250mn originally sought
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Tokio Millennium Re is hoping to raise $250mn of reinsurance cover from the Spectrum Re 2017-1 cat bond, sources said.
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A second phase of the World Bank's Pandemic Emergency Financing Facility (PEF) should give premium reductions to countries that have invested in preparations to face a pandemic and also target the private sector, according to a new study
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RenaissanceRe has been selected as the lead reinsurer on Sri Lanka's 15bn rupee ($100mn) natural disaster and emergency relief insurance scheme for the year 2017/18 after cabinet ministers approved renewal of the programme this week, according to reports
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The London-listed Blue Capital Global Reinsurance Fund has changed its name to Blue Capital Alternative Income Fund, effective today.
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The Massachusetts Property Insurance Underwriting Association (MPIUA) has upsized its Cranberry Re 2017-1 cat bond by 20 percent to $300mn
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Avatar Property and Casualty Insurance's Casablanca Re 2017-1 cat bond settled at the $100mn originally sought, according to Trading Risk sources.
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Average ILS fund returns came to 0.15 percent in April, down significantly year-on-year, as US storm losses during the month had a "slight impact" on some funds.
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US Representative Sean Duffy of Wisconsin has put forward a proposal to reform the National Flood Insurance Program (NFIP) that contains a condition for the scheme to transfer risk to the private market within a set timeframe
