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Hiscox is rebranding its Kiskadee asset management platform and moving into participating directly in the collateralised reinsurance market from 1 January 2017, the company announced.
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Munich Re said that declining reinsurance appetite from Asia would contribute to a lower rate of reinsurance market growth in the next two years.
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Securitisation of casualty risk will give new impetus to the cat bond market, said Willis Re capital markets CEO Rafal Walkiewicz.
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Aon Securities CEO Paul Schultz said that larger ILS funds are now actively raising capital ahead of the 2017 renewals, after a period of keeping assets under management flat
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Sompo Canopius chairman Michael Watson is joining ILS structuring firm Vario Partners as a non-executive partner, from 1 October.
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The UK Treasury has told the London Market Group (LMG) that plans to introduce a local ILS framework remain a priority, with a target to putting regulations before parliament early next year.
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Gator Re traded at 92.5 cents in the dollar on Thursday, Trace data shows, despite American Strategic Insurance revealing that 2016 claims now total 85 percent of the deal's $175mn trigger point.
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Leadenhall Capital Partners has obtained a BBB+ rating from Standard & Poor's (S&P) on two private cat bonds in a move that will help the ILS manager demonstrate that it has a portfolio capitalised to an investment-grade level.
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Aon Securities said that it expected cat bond issuance in the second half of 2016 to be similar to recent years after a slower first half, forecasting total volumes for this year of $5bn-$6bn.
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Institutional investors can accommodate further reinsurance rate reductions and still make adequate returns in line with their targets, Guy Carpenter's global head of ILS origination and structuring Cory Anger said.
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BMS Group's US specialist insurance and reinsurance broking arm has bought rival Advocate Reinsurance Partners for an undisclosed sum.
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Allianz Risk Transfer is expected to close its Market Re parametric weather bond at $30mn, below a $70mn initial target, and has shortened the duration of the deal in response to investor concerns, Trading Risk understands
