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UPC Insurance has more reinsurance in place for the 2017 hurricane season than in any previous year after placing a $1.9bn cascading programme in the open market that features 70 percent collateralised participation.
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Markel Catco has raised gross proceeds of $45.9mn after issuing 35.6 million new ordinary shares in its Catco Reinsurance Opportunities Fund, according to a London Stock Exchange announcement.
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Avatar Property and Casualty Insurance has reduced the size of its debut cat bond, Casablanca Re 2017-1, by 12 percent from $100mn to $87.7mn as the deal moves closer to being finalised, Trading Risk understands
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Legal & General has appointed Pretty Sagoo from Deutsche Bank as head of strategic business in its pension risk transfer team
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The Texas Windstorm Insurance Association (Twia) has expanded its Alamo Re 2017-1 cat bond to $400mn - a 60 percent increase on the $250mn originally sought.
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The California Earthquake Authority (CEA) has prepared for future ILS issuances up until 2020 as it completed the $925mn Ursa Re 2017-1 cat bond
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Trustees at the Florida Hurricane Catastrophe Fund (FHCF) have expressed a preference for a lower trigger point if the fund does proceed with a renewal of its $1bn catastrophe reinsurance programme for 2017/18.
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Allstate Insurance Company is expected to close its latest Florida cat bond, Sanders Re 2017-2, at the lowest end of its target price range.
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Florida insurer Avatar Property and Casualty Insurance has lowered the price guidance on the two riskiest layers of its $100mn Casablanca Re cat bond, Trading Risk understands.
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The Royal Bank of Scotland (RBS) pension fund lifted its insurance allocation significantly during 2016 to reach £1bn ($1.23bn) by year-end.
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Loss tracking agency Perils estimated insured losses for extra-tropical cyclone Thomas have risen 17 percent to EUR 249mn ($280mn).
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The Texas Windstorm Insurance Association (Twia) has expanded its Alamo Re 2017-1 cat bond by 50 percent, as the anticipated insurance coupon on the deal fell below original forecasts, Trading Risk understands.
