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Twelve Capital has completed a $19.45mn Dodeka XI cat bond lite deal, according to a Bermuda Stock Exchange listing
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Brit has expanded the capacity from its Versutus sidecar by a third to $110mn for 2017, it announced today
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Traditional reinsurance capacity used "all the tools at its disposal" in 2016 in order to stave off market share growth from alternative capital, Aon Benfield said in its 1 January renewals report
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Elliott Management has closed its previously announced acquisition of a controlling interest in ILS manager Aeolus, the companies announced.
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Cat bond lite volumes for 2017 have already exceeded last year's total with the addition yesterday of $86.5mn of securities on the Bermuda Stock Exchange by Hannover Re's segregated cell platform Kaith Re
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Twelve Capital's head of catastrophe bonds Roman Muraviev left the ILS manager at the end of 2016, Trading Risk has learned
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Willis Capital Markets & Advisory's Resilience Re private cat bond platform has issued $187mn of ILS notes in its first transaction of the year and its largest such deal to date.
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Guy Carpenter said that cat bond rates fell as much as 30 percent in the fourth quarter, while traditional rate reductions moderated at 1 January.
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Berkshire Hathaway Specialty Insurance (BHSI) is looking at entering the Japanese commercial earthquake insurance market, a company executive has said.
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The Guernsey Financial Services Commission (GFSC) has issued new regulations introducing a one-day approval process for special purpose insurer (SPI) licences.
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PCS triggers were used on 54 percent of ILS issuance volumes in 2016, up from 35 percent in 2015, after XL completed a $750mn Galilei Re industry loss-linked cat bond at year-end.
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American Strategic Insurance (ASI) has issued an extension notice for the Gator Re cat bond that indicates it will retain up to $35mn or 17.5 percent of the bond's $200mn principal, Trading Risk understands
