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City National Rochdale, an investment adviser for high net-worth individuals and families, has launched the Reinsurance Premium fund that will target investments in the tradeable side of the ILS market.
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Liberty Mutual has agreed to buy specialty insurer Ironshore from Fosun in a deal that values the company at around $3bn or 1.45x tangible book value.
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AM Best has given a B++ rating to Somerset Re, a new Bermuda-based life and annuity reinsurer partly backed by high net worth investors and private equity firm Atlas Merchant Re
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The London market taskforce set up to develop an ILS centre in the UK is not trying to take existing business from established jurisdictions, according to Des Potter, European head of GC Securities
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UK Economic Secretary to the Treasury Simon Kirby has called upon the insurance industry to engage thoroughly with the consultation on the draft regulations for London's ILS hub.
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Hiscox has appointed Michael Krefta to replace Jeremy Pinchin as CEO of Hiscox Re and ILS and CEO of Hiscox Bermuda next year, as Pinchin returns to the reinsurer's London base
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The Pacific Alliance of Chile, Colombia, Mexico and Peru is considering collaborating on the issuance of a catastrophe bond, according to reports.
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American Strategic Insurance is set to close its second cat bond, raising its target $200mn from the Bonanza Re transaction as pricing on the deal settled at the lowest end of revised guidance.
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Willis Re's president of North America James Kent has been promoted to the position of global deputy CEO.
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Steadfast Re is to open an office in London led by former Beach executive David Saxton and Aon Benfield alumnus Nick Porritt.
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Canada Life Assurance Company has provided Canadian Bank Note Company with C$35mn ($26mn) of longevity cover in what is thought to be the first agreement of this kind in Canada
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Generali is seeking EUR180mn ($192mn) of coverage for its motor third-party liability book via a special purpose vehicle dubbed Horse Capital I DAC, sources told Trading Risk.
