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The New York Metropolitan Transportation Authority (MTA)'s MetroCat Re 2017-1 cat bond has settled on target at $125mn, according to Trading Risk sources
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The newly established City National Rochdale Select Strategies fund is now expecting to invest 80 percent of its assets via Iris Re, according to a US Securities and Exchange Commission listing.
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AIG has agreed to cede up to $150mn of reinsurance premium per year to Hamilton Re for the next six years as part of negotiations that paved the way for Brian Duperreault to leave Hamilton to head up AIG.
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The ILS sector is continuing to attract new investors with recent cat bond fund launches from two asset managers, Trading Risk revealed last week.
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The Massachusetts Property Insurance Underwriting Association (MPIUA) and the Texas Windstorm Insurance Association (TWIA) are seeking to top up their ILS cover from new issuances of their Cranberry Re and Alamo Re cat bonds, Trading Risk understands.
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Markel Catco is launching a capital raise in order to invest further funds in the mid-year reinsurance renewals, according to a London Stock Exchange announcement
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Heritage has secured a further $35mn of coverage via a private cat bond - Citrus Re 2017-2, according to a Bermuda Stock Exchange (BSX) listing.
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Allstate Insurance Company is targeting $200mn from its second cat bond of the year - Sanders Re 2017-2, according to Trading Risk sources.
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Nephila's new facility with Marsh will help to kick-start growth of the fund manager's US insurance book, with the deal much more significant in size than its previous arrangement with Amwins
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Gaming company Lottoland has launched a business that takes on risk from its peers and cedes it on in turn to ILS investors.
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Florida Citizens has increased its traditional reinsurance limit by $370mn this year as it pared back its cat bond coverage, sister publication The Insurance Insider revealed.
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AP2's ILS pot shrinks; ILS funds post 0.23% March return; MGA Ventus partners with ILS firms
