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Florida insurers are likely to continue to diversify their businesses, which will affect their reinsurers negatively over the longer-term, Aon Securities CEO Paul Schultz said at the Sifma IRLS 2017 conference in Miami this week
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Florida Citizens Property Insurance is anticipating it could grow as a result of Demotech's threat this month to downgrade local insurers with less than $25mn surplus, according to its chief financial officer Jennifer Montero
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The World Bank is set to complete a risk transfer later this year as part of its Pandemic Emergency Financing Facility (PEF), according to Michael Bennett, head of derivatives and structured finance at the organisation
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Markel earned $56.5mn of third-party fee revenues from Markel Catco Investment Management throughout 2016, the company disclosed in its annual report.
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A timeframe of 6-8 weeks under the proposed London market ILS framework is unlikely to be competitive, according to Willkie Farr & Gallagher
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Liberty Mutual's new Limestone Re sidecar could pave the way for further disintermediation in the (re)insurance sector, though many primary insurers may not be sophisticated enough to follow its lead, a Standard & Poor\'s (S&P) insurance analyst said today at the Sifma IRLS conference in Miami.
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ILS service firm Horseshoe Group and boutique ILS broker-dealer Rewire Securities have launched the Eclipse Re platform, which will issue private ILS notes linked to syndicated collateralised reinsurance.
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Increased fee and profit commission income boosted full-year results at Hiscox's reinsurance and ILS division, which reported an 18 percent increase in profit to £115.5mn ($143.8mn) for 2016
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Sompo Japan Nipponkoa Insurance is seeking to raise $270mn of cover against typhoon losses from its new Aozora Re 2017-1 cat bond, according to Trading Risk sources.
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JLT Re has taken up a licence to facilitate industry loss warranties (ILWs) using PCS loss estimates as triggers, PCS parent Verisk announced.
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The Gaia cat bond fund is one of two managed by Schroders to be soft-closed to new investment this month, according to reports
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Alleghany subsidiary TransRe now manages about $500mn of sidecar capital, up from $400mn in 2016
