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Twelve Capital has hired Florian Steiger as a director in the firm's Zurich portfolio management team to work on cat bond strategies.
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The California Earthquake Authority (CEA) has increased the target volume on its Ursa Re 2017-1 cat bond to as much as $800mn-$900mn, according to sources.
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Cyclone Debbie, which affected Queensland and New South Wales in Australia in late March and early April, is likely to cost insurers A$1.116bn ($850mn), according to the loss tracking agency Perils.
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Markel Catco has appointed Alissa Fredricks as chief risk officer, based in Bermuda, and named Simon Moore as its co-chief underwriting officer.
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Alleghany earned $3.4mn during the first quarter from its stake in funds managed by Pillar Capital Management, up 9.7 percent from $3.1mn in the same period a year earlier
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Swedish state pension fund AP2 reported a slight dip in its ILS investments to 5.7bn kronor ($621.2mn) at year-end 2016, according to its latest annual report.
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Heritage said a decrease in costly assignment of benefit claims in the Tri-County region helped its first quarter earnings results, which came in ahead of analyst expectations.
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Insured losses from storms and flooding that hit the US over the past week are expected to reach into the hundreds of millions of dollars, according to a report from Impact Forecasting.
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JLT Specialty USA has launched a directors' and officers' (D&O) insurance product targeted at ILS fund managers
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Net income for DaVinci Re has dropped by 27 percent year-on-year to $41.21mn for the first quarter, after lower investment gains impacted the result
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Data breaches to US companies could lead to insured cyber losses of $5bn a year, according to the latest RMS cyber model.
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April was one of the busiest months in the cat bond market's history, with $3.08bn of new issuance market
