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USAA is seeking to raise $300mn from a new Residential Re cat bond that includes a notably high-risk layer, according to sources.
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Stone Ridge posted almost 9 percent growth in its ILS assets under management in the three months to 31 January, recording total assets of $5.49bn in its two reinsurance funds at that point.
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The Insurance Council of Australia (ICA) said that insurers had received almost 20,000 claims worth $224mn linked to cyclone Debbie, in a 3 April tweet.
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State Farm has renewed its $300mn Merna Re cat bond in a club transaction, Trading Risk understands
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RMS has recruited Colin Kerley as senior vice president, platform solutions.
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The London-listed Blue Capital Global Reinsurance fund posted an increase of $3.6mn in net assets throughout 2016 to reach $226.9mn, according to its annual report
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Sums insured for European windstorm risks dropped by 0.4 percent to EUR54trn at 1 January 2017 compared to a year earlier, according to Perils.
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ILS managers were competing strongly for business by offering increased capacity at a discount to 2016 rates during the 1 April US renewals, Willis Re said in its 1st View report
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The $200mn Leo Re vehicle set up for Dutch pension fund service provider PGGM this year was linked to an underwriting investment with Munich Re, sources said
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Insured losses from cyclone Debbie could reach into the hundreds of millions of dollars and potentially top A$1bn ($766mn), the Insurance Council of Australia (ICA) said.
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Louisiana Citizens Property Insurance Corporation has dropped the target spread on its new Pelican Re cat bond by 17 percent, Trading Risk understands
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Willis Capital Markets and Advisory has changed its name to Willis Towers Watson Securities.
