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Aon's White Rock Insurance has issued its first cat bond lite via its new listing programme on the Bermuda Stock Exchange.
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Aon's White Rock Insurance established a listing programme on the Bermuda Stock Exchange (BSX) this week to facilitate cat bond lite transactions.
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A record "wall of maturities" due in the cat bond market over the first half of 2017 may result in volumes shrinking temporarily, but favourable conditions in the sector could produce record volumes of new deals, according to Swiss Re Capital Markets.
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AlphaCat investors picked up $18mn of losses in the fourth quarter from Hurricane Matthew and the Kaikoura New Zealand earthquake
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XL Bermuda's Galilei cat bonds have helped the insurer reduce its probable maximum loss (PML) from a North American windstorm by 20-30 percent for 2017, according to president of property and casualty Greg Hendrick.
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RenaissanceRe CEO Kevin O'Donnell said several new programmes helped create an opportunity for the reinsurer to grow its retrocession book at the January renewals
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Blue Capital Reinsurance Holdings (BCRH) has reported net income of $14.3mn for 2016, a 31 percent decrease from the $20.7mn profit recorded a year earlier, as it suffered from higher claims.
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Ontario Teachers' Pension Plan has promoted Gillian Brown to the title of managing director for credit, insurance-linked securities and equity index products.
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RenaissanceRe grew its Upsilon funds platform by a net $92.3mn in January, it disclosed in fourth quarter results that included $60.1mn of losses from Hurricane Matthew
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Loss aggregating agency Perils said it would begin tracking insurance industry losses from major Canadian catastrophes after entering an alliance with Toronto-based firm CatIQ.
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An insurance-linked securities (ILS) regime in the UK would improve the London market's ability to respond in the event of a major loss, according to Inge Beale, CEO of Lloyd's of London.
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Markel Catco said it had deployed its 2017 portfolio for the London-listed Catco Reinsurance Opportunities Fund at similar risk levels to 2016, with its maximum return in line with last year's target at 16 percent.
