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A downturn in industry loss warranty (ILW) pricing has limited cat bond lite issuance activity in 2016, with a couple of recent deals breaking the dearth of activity
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The second quarter marked a return to significant spread softening on new cat bond issuances for the first time since early 2014, as investor demand continued to outweigh new supply arriving on the market
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Swiss Re has around $395mn of retro support from its Sector Re sidecar after the vehicle completed its main fundraising before the mid-year renewals, Trading Risk understands
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Allianz Risk Transfer lifted the target on its Blue Halo Re cat bond to $185mn from $150mn, as pricing on the high-risk transaction moved toward the upper end of forecasts, Trading Risk understands
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Getting "closer to risk" is one of the talking points in the reinsurance market at the moment
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The $200mn Gator Re cat bond is almost 70 percent of the way to reaching its $175mn trigger point, partway through its final annual risk period, sources told Trading Risk
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Nephila Capital pared back the level of capacity it deployed in the Florida reinsurance market this year, helping to limit rate reductions after several years of significant declines
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Allianz Risk Transfer lifted the target on its Blue Halo Re cat bond to $185mn from $150mn as pricing on the high-risk transaction moved toward the upper end of forecasts, Trading Risk understands.
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Floridian carrier United Insurance Holdings expanded its reinsurance limit by about 20 percent year-on-year to obtain $1.42bn of first-event cover at the 1 June renewals
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Jardine Lloyd Thompson (JLT) Capital Markets has closed its largest Market Re cat bond transaction at $78.7mn, the broker said.
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The Texas Windstorm Insurance Association (TWIA) has secured second-season cover which provides reinsurance for the 2017 hurricane season in the event hurricane losses this year wipe out its surplus.
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Willis Capital Markets & Advisory (WCMA) has issued a new $34mn Resilience Re club cat bond.
